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Sirius Minerals (LON:SXX) has signed binding take-or-pay supply agreements with Guangzhou Eiliseng Biotech Company and Yantai Service Agricultural Science and Technology Company in China for the resale of POLY4 into certain southern and northern provinces of China.
“China is a key market for POLY4 and we are very pleased to have signed agreements with new customers who both have established fertiliser distribution networks and expertise relevant to their respective regions,” said Sirius CEO Chris Fraser.
“We look forward to working with Eiliseng and YSA to establish POLY4 as a long term sustainable fertiliser for use in both of their important agricultural regions in China.”
Shares in Sirius rose 0.65p to 34.01p (as at 10:15).