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By Harleigh Hobbs
April 06 2017

handshake 05Essel Group ME Ltd has executed a shareholder agreement with Gensource Potash Corp. to create a joint venture (JV) company, Vanguard Potash Corp., pursuant to the memorandum of understanding between the two parties announced on 29 November 2016.
The purpose of the JV Company is the construction and operation of the new Vanguard potash production facility in Saskatchewan, which will bring together technical innovation, management expertise, international logistics and capital.
EGME’s Joint Managing Director and Group CEO, Punkaj Gupta, commented: “I am delighted to be signing the Shareholder Agreement, a key moment for the Vanguard project, EGME and Gensource. This is a landmark event as we work towards developing this iconic asset, in order to meet the growing global potash demand.”
He continued: “We are very pleased to be working with Gensource’s highly experienced and innovative team, with today’s announcement further strengthening our relationship and providing increased certainty for the project. Vanguard is a key part of EGME’s portfolio, and this JV underlines our continued long-term commitment to developing high-quality assets in the natural resources sector.”
Gensource’s President and CEO, Mike Ferguson, said: “This is the most significant milestone for Gensource to date. Our investors are aware that Gensource’s business plan has been to create a joint venture with a strategic partner who can bring the required financing and commercial expertise to the project. The JV will begin with the construction of one of Gensource’s small scale facilities with target production of 250 000 tpy. Subsequently, we aim to increase production from that initial 250 000 tpy to a minimum of 1 million tpy. EGME brings the necessary global business experience and financing to complement Gensource’s highly-skilled development team, rich potash resources and innovative extraction technologies. The value we aim to create is much greater than the sum of the investments in Vanguard.”
https://www.worldfertilizer.com/potash/06042017/essel-group-me-and-gensource-potash-form-joint-venture-company/

Messages to Farmers

  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics
  • Allow your crops to fully mature to get quality and value
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • International Training Organized by IFDC & IFA, Date: October 2 – 6 2017, Venue: Marrakesh, Morocco. Read more
  • International Conference Organized by I-conference / OCP, Date: October 18 – 19 2017, Venue: Abidjan, Côte d’Ivoire. Read more
  • 3rd AFAAS Africa-Wide Agricultural Extension Week 2017, Date: 30 October to 3 November 2017. Venue: Durban, KwaZulu Natal, South Africa.  Read more
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  • AGRIKEXPO & NABG Conference 2017, Date: September 25-27, 2017. Venue: International Conference Centre, Abuja, Nigeria,.Read more
  • 31st Annual Argus FMB Europe Fertilizer conference, Date: 18 – 20 October 2017, Venue: W Hotel in Barcelona. Read more.
  • Urban Agri Summit 2017, Date: 7th - 8th September, 2017, Venue: Johannesburg, South Africa. Read more
  • IFDC International Training Program, Date: November 6-10, 2017, Venue: Arusha, Tanzania. Read more
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Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss