ITD explains investment in potash mine in Udon Thani Province, subsidiary company is negotiating conditions. Move forward with joint venture
ITD explains the investment in a potash mine in Udon Thani Province, a subsidiary company, which is in the process of negotiating various conditions. with companies that have passed the selection process according to proposals for joint ventures
Italian-Thai Development Public Company Limited or ITD notified the Stock Exchange of Thailand on 21 May 2567 Clarifying the facts regarding the status of investment in the Rappotash mining project Uttarakhand Province that
The company has invested in a potash mining project. Udon Thani Province through a group of subsidiaries The Company holds 90% of the shares in the subsidiary and the Ministry of Finance holds 10% of the registered capital.
In this regard, the said subsidiary received a mining license type 3, namely underground potash mining, on September 23, 2565, from the Department of Primary Industries and Mines (MDD), Ministry of Industry. 4 plots of the Udon Tai mineral deposit area, total area 26,446 rai 1 ngan 49 square wa.
The period for granting a concession certificate is 25 years. At present, the said subsidiary is in the process of developing a project under the scope and conditions of the granted concession certificate. Including the implementation of management according to the project development plan in detail
As news has been presented in online media that A company has entered the final stages of negotiations to acquire shares in its subsidiaries. The company would like to clarify that Currently, the company is still in the process of negotiating various conditions. with companies that pass the selection process according to proposals for joint ventures in subsidiaries first It will be a part of the joint venture. This is when all processes have been completed. The company will inform the Stock Exchange of Thailand further.
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