MagIndustries Corp. (the "Company" or "MagIndustries") is pleased to report that the first ship carrying construction equipment and materials for construction of the Company's 1.2 million tonnes per annum Mengo Potash Project in the Republic of Congo (the "Project") arrived in Pointe Noire, Republic of Congo on June 12, 2013.
The cargo with a total weight of about 4,900 tonnes originated from the Port of Shanghai, China. It includes some 2,000 tonnes of steel re-bar, 1,000 tonnes of cement, forty trucks, twelve generators and a gravel crushing plant. The shipment also contains various pieces of earth moving equipment including an excavator, land leveler, concrete mixer, pile driving machine, weighbridge and a concrete pump.
The shipment, organized by the General Contractor for the Project, East China Engineering Science and Technology Co., Ltd. (ECEC), is a major step in mobilization of ECEC and its subcontractors for the full start of construction of the various facilities and installations required for the Project:
- a solution mining of carnallite ;
- a processing plant;
- a drying and compaction plant ;
- a port terminal;
- water pumping station ;
- infrastructure such as roads, pipelines and high voltage electricity lines
The Project has a designed capacity of 1.2 million tonnes per annum (mtpa) of potash fertilizer to supply growing demand from major markets. -. The implementation of this strategic project will position the Republic of Congo as the first potash producer in Africa and contribute to the economic and social development of the Republic of Congo in line with the economic vision of President Denis Sassou Nguesso.