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Race to Develop Australia's First Potash Project is On
PERTH, AUSTRALIA--May 25, 2012--Researched by Industrial Info Resources (Perth, Australia)--With Australia's long history as a major agricultural producer and exporter, it is surprising that the country's history as a producer of potash, the main use for which is as a fertilizer, is very limited. With the world's population growing rapidly, recently passing the 7 billion mark and expected to hit 8 billion by 2027, and the ever-decreasing availability of arable farmland, the long-term global demand for potash is set to rise. This has prompted Western Australian exploration company Potash West NL (ASX:PWN) (Perth, Australia) to join the race to develop Australia's first potash mine.
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Industry Segment: Metals & Minerals
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