Mining and metals giant KGHM has signed an agreement with ZNF Fosfory, a unit of chemical holding Grupa Azoty on cooperation in the use of chemical deposits.
KGHM and Grupa Azoty will each hold a 50 percent stake in the SPV managing their mutual project.
The agreement follows from a letter of intent signed by the two companies in August, in which they agreed to work together on projects such as potassium salt exploration, chemical materials extraction and using waste materials to extract metals.
The agreement states that other entities from both capital groups may join the cooperation in the future. KGHM is billed to be the project leader.
From Warsaw Business Journal
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