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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
- IN BRIEF: Kore Potash share spike under Australian regulatory scrutiny
23 May 2024 - IN BRIEF: Kore Potash to list on A2X in South Africa Tuesday next week
7 May 2024 - Kore Potash to meet PowerChina officials to discuss key contract
29 Apr 2024 - Kore Potash plans to raise more funds as annual loss narrows
28 Mar 2024 - IN BRIEF: Kore Potash offers convertible loan notes worth USD530,000
22 Mar 2024 - Kore Potash gets draft EPC proposal for Kola Project
9 Feb 2024 - Kore Potash says PowerChina delivers draft Kola contract
9 Feb 2024 - IN BRIEF: Kore Potash still investing in exploration in last quarter
18 Jan 2024
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