Australia's Agrimin jumps on offtake deal with major Chinese potash importer

Sinofert Holdings

18/05/2021 05:42

** Shares of Agrimin Ltd  AMN.AX  climb as much as 26.5% to
A$0.645, post their biggest intraday pct rise since June 2015
    ** The sulphate of potash (SOP) explorer signs a binding
offtake agreement with China's major potash importer Sinochem
Fertilizer Macao, a unit of Sinofert Holdings  0297.HK 
 urn:newsml:reuters.com:*:nASX61mRtT
    ** Ten-year agreement for supply of 150,000 tonnes/year of
SOP produced from the Mackay project in WA for sale and
distribution in China
    ** AMN shares hit highest since Feb. 22
    ** Volumes nearly 12 times the 30-day avg of 64,525, at
around 764,200 shares
    ** Stock up 12.1% this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))