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Share Price Information for Kore Potash PLC (KP2)
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Intraday Kore Potash PLC Share Chart
IN BRIEF: Kore Potash says Kola EPC proposal needs further discussion
Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Receives Engineering, Procurement & Construction contract proposal in relation to Kola project from the Summit Consortium's engineering partner, Sepco Electric Power Construction Corp. Notes a "number of proposed contractual terms" which require further discussion before the proposal is accepted.
"These discussions have already commenced and Kore and Sepco are making every effort to expedite this process. It may transpire that Sepco will require further Sepco and Power China Board approvals prior to the finalisation of the contractual terms," it explains.
Kore says the consortium remains committed to financing the project, and is waiting for the finalised EPC contract before presenting a royalty and debt financing proposal.
Current stock price: ZAR0.21
12-month change: up 5.0%
By Elizabeth Winter; elizabethwinter@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest KP2 News
- Kore Potash estimates Kola development costs at USD2 billion
27 Feb 2025 - Kore Potash updates on Kola financing, "positive" ties with Congo
30 Jan 2025 - Kore Potash complies with ASX listing rules after contract talks
27 Nov 2024 - IN BRIEF: Kore Potash signs key Kola project contract in Brazzaville
20 Nov 2024 - IN BRIEF: Kore Potash stock still suspended in Australia, South Africa
11 Nov 2024 - IN BRIEF: Kore Potash requests share trading halt before key contract
7 Nov 2024 - IN BRIEF: Kore Potash raises about USD900,000 after share subscription
5 Nov 2024 - IN BRIEF: Kore Potash finally clinches agreement with PowerChina
31 Oct 2024
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