--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20221025-the-kola-project-cant-get-off-the-ground/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # The Kola project can’t get off the ground Publication Date: 2022-10-25T13:00:05-04:00 Last Updated: 2022-11-08T21:26:04-05:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![The Kola project can’t get off the ground](https://www.fertilizerdaily.com/wp-content/uploads/2022/10/Kore-Potash-project07.jpeg) Investors need to settle the differences The Australian company Kore Potash announced possible delays in the program of financing its Kola potash project (Congo), worth 1.83 billion dollars. “Several proposals for the design and procurement of equipment submitted by the Chinese Sepco, which is part of a consortium of investors, require discussion by our board of directors,” Kore Potash said in a statement. Within the framework of the Kola project, it’s planned to extract and process 2.2 million tons of potash salts per year. Potassium chloride will be supplied to the markets of Africa and Latin America. For about a decade, the global potash market suffered from oversupply and low prices. However, Western sanctions against Russia and Belarus, which provide about 40% of the world demand for potassium chloride, have led to its shortage and heightened fears of a global food crisis. Tags: [Congo](https://www.fertilizerdaily.com/tag/congo/), [Kore Potash](https://www.fertilizerdaily.com/tag/kore-potash/), [potassium chloride](https://www.fertilizerdaily.com/tag/potassium-chloride/), [potassium fertilizers](https://www.fertilizerdaily.com/tag/potassium-fertilizers/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.