JSE-listed potash development company Kore has reported that, after several delays caused by multiple Covid-19 lockdowns in China, SEPCO Electric Power Construction Corporation – a subsidiary of Power Construction Corporation of China – has delivered the engineering, procurement and construction (EPC) proposal for the construction of the Kola potash project in the Sintoukola Basin, in Congo-Brazzaville. Kore has 97%-ownership of the Kola project and signed a memorandum of understanding with the Summit Consortium in April 2021 for the optimisation of the project, the provision of an EPC contract proposal and to provide a debt and royalty financing proposal for the full construction cost of the project.
