--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20221115-bmg-wants-to-buy-the-banio-potash-project-in-gabon/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # BMG wants to buy the Banio potash project in Gabon Publication Date: 2022-11-15T15:00:08-05:00 Last Updated: 2022-11-14T07:57:03-05:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![BMG wants to buy the Banio potash project in Gabon](https://www.fertilizerdaily.com/wp-content/uploads/2022/11/atmosphere-mediterranean-africa-aerial-view-map-world-1142462-pxhere.com_-scaled-1.jpg) The memorandum of understanding was signed. The Canadian Black Mountain Gold USA (BMG) signed a memorandum of understanding with the Australian Equatorial Potash to acquire its Banio potash project (Gabon). The forecast resources of Banio are 1.7 billion tons of potassium salts, represented by carnallite and sylvite. Ten potash horizons were identified there, the most interesting of which from the point of view of production are at depths from 230 to 530 m. “Banio is located within the sedimentary basin of Congo. During the extraction of oil and natural gas there, deposits of potassium salts were identified and promising areas were outlined, one of which is represented by Banio. Also on the territory of this basin are the Kola project, implemented by the Australian Kore Potash, and Mengo, owned by the Chinese Evergreen Industries,” commented the information and analytical service of Fertilizer Daily. “In turn, BMG is implementing the Mohave gold project and the purchase of Banio means entering a completely new market in the future.” Tags: [Africa](https://www.fertilizerdaily.com/tag/africa/), [Gabon](https://www.fertilizerdaily.com/tag/gabon/), [potassium chloride](https://www.fertilizerdaily.com/tag/potassium-chloride/), [potassium fertilizers](https://www.fertilizerdaily.com/tag/potassium-fertilizers/), [potassium salts](https://www.fertilizerdaily.com/tag/potassium-salts/) --- **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.