Kore Potash Share News (KP2)

Kore Potash to pay up to USD5 million as part of revised agreement

(Alliance News) - Kore Potash PLC said on Tuesday it had entered into a revised agreement that will see SEPCO Electric Power Construction Corp provide the company with an engineering, procurement and construction contract by end of January 2024 for the construction of the Kola Potash project.

IN BRIEF: Kore Potash draws near completing financing of Kola project

Kore Potash PLC - owns the Kola and DX potash projects in Republic of Congo - Remains focused on completing the financing of the Kola project and moving forward to construction of Kola as soon as possible. Says discussions continue towards finalising terms for the engineering, procurement and construction contract at Kola. PowerChina International Group Ltd and Sepco Electric Power Construction Corp have started work to support the provision of guarantees regarding the EPC contract.

UK shareholder meetings calendar - next 7 days

Kore Potash and consortium still working on financing for Kola project

(Alliance News) - Kore Potash PLC said on Wednesday it continued to work with the consortium of investors and engeneering firms to provide financing for the full construction cost of Kola project.

Kore Potash annual loss narrows as project financing makes progress

(Alliance News) - Kore Potash PLC on Friday said its loss narrowed in 2022 as the group continued to make "tangible" progress towards the financing of its Kola project, a potash mine.

IN BRIEF: Kore Potash shares slide after slashing DX production target

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Trims project life of its DX potash venture to 12 years from 30 years. In the latest production target estimate, it also cuts its mineral resource prediction to 129 million tonnes from 145 million tonnes. Reduces ore reserve projection to 9.31 million tonnes from 17.7 million tonnes. The latest update was published this month. The company last presented its production target in November 2020.

Kore Potash in talks with offtake partners to procure Kola production

(Alliance News) - Kore Potash PLC said on Thursday it was still in discussions with potential offtake partners that were capable of procuring all production from its Kola project.

Kore Potash Chief Operating Officer Gavin Chamberlain to exit

(Alliance News) - Kore Potash PLC on Friday said Chief Operating Officer Gavin Chamberlain will leave at the end of January.

LONDON BRIEFING: Stocks to start half-day positively despite weak lead

(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US.

Kore Potash calls for Congolese support after responding to minister

(Alliance News) - Kore Potash PLC said on Friday it urged for ongoing support to continue the "historically strong" ties as it responded to matters raised by a minister in the Republic of Congo last month.

Kore Potash complies with Congolese obligations after scathing letter

(Alliance News) - Kore Potash PLC maintained on Wednesday it complied with its obligations in the Republic of Congo after receiving a scathing letter from a top government official in that country last week.

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.

Kore Potash interim loss narrows as financing process progresses

(Alliance News) - Kore Potash PLC on Tuesday reported a narrowed interim profit as it made progress in securing funding for its project in the Republic of Congo.

IN BRIEF: Kore Potash inks agreement over Kola project with SEPCO

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Signs a heads of agreement for the construction of the Kola Potash Project with SEPCO Electric Power Construction Corp. The Kola construction, which is projected to last for 40 months, is estimated to have a capital cost USD1.83 billion.

IN BRIEF: Kore Potash says Kola cost forecast lowered

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Says capital cost at Kola potash project reduced by USD520 million to USD1.83 billion on an engineering, procurement and construction basis, compared to initial definitive feasibility study forecast of USD2.35 billion. Construction period needed lowered to 40 months from 46 months. Net present value at 10% discount increases to USD1.62 billion from USD1.45 billion.