Asia Potassium International

Company Profile:
Asia Potassium International Investment (Guangzhou) Joint-stock Co., Ltd. is an A-share listed company on the Main Board of the Shenzhen Stock Exchange (securities abbreviation: Asia Potassium International, securities code: 000893.SZ), focusing on the integrated operations of potash ore mining, potash fertilizer production, and sales.
China is extremely deficient in potassium resources. "Ensuring people's livelihood, serving the country through industry, and revitalizing the nation through practical business" is the company's mission. In response to China's strategic development plan for potash fertilizer supply, which aims for "one-third domestic production, one-third imports, and one-third from overseas production bases," Asia Potassium International, after nearly a decade of deep cultivation, has obtained a 35-square-kilometer potash salt mining right in Khammouane Province, Laos, through its subsidiary, Sino-Agri International Potash Development Co., Ltd.
The mining area contains total reserves of 1.002 billion tons of potassium-magnesium salt ore, equivalent to 152 million tons of pure potassium chloride, constituting the company's core assets. The company has achieved a breakthrough success in the mining of solid carnallite in potassium-magnesium salt deposits, becoming an enterprise that has achieved industrial-scale production and economic benefits in newly developed potash salt regions globally, and is also the Chinese enterprise that has realized industrialized production of overseas potash projects. It is one of only two successful projects among China's 34 overseas potassium exploration projects. The Laos potash project has been operating stably for many years, with an annual capacity of 1 million tons expected to reach full production by the end of 2021.
The company's potash fertilizer production base is adjacent to China and Southeast Asia, which are the regions with the largest demand for potash fertilizer globally, providing advantages of proximity to demand areas and low transportation costs. With the opening of the China-Laos Railway by the end of 2021, transportation conditions for selling back to China have become more convenient, which is conducive to supplying potash fertilizer products to major agricultural provinces in southern China.
The company adheres to focusing on the main potash fertilizer business, persists in following a leapfrog development path that combines intensive connotation and extensive expansion, plans to build a production capacity of 3 million tons within three years, and will construct a 5 million ton capacity in the future based on market needs. The company is committed to building the largest single potash mine in Asia and effectively addressing food security issues caused by the shortage of potash salt resources. The proposed acquisition of the Pengxiang-Nongbo mining area, with resource volume of 677 million tons, will bring the company's total pure potassium chloride resources to 829 million tons after completion, making it the enterprise with the largest single potash fertilizer resource volume in Asia.