China's Wuyi (000797.SZ) and Donghua Technology signed an agreement for 1200kt/a potash fertilizer project in Mongolia, Congo (Brazzaville)

Zhitongcaijing · 01/20 12:09

According to Zhitong Finance App, China's Wuyi (000797.SZ) announced that the company and Donghua Engineering Technology Co., Ltd. (“Donghua Technology”) signed a “Construction Project Construction Framework Agreement” on the 1200kt/a potash project in Mongolia, Congo (Brazzaville) on March 15, 2013. Afterwards, the company signed a “Construction Project Construction Contract” with Donghua Technology. Framework agreements and construction contracts are collectively referred to as subcontracts. Since then, the project has been suspended due to a breakdown in the owners' capital chain.

After friendly negotiations, the company and Donghua Technology signed the “Congo (Brazzaville) Mongolia 1200kt/a Potash Project Agreement” on January 16, 2025.