Fertilizer is a growth industry world wide. No more so than in Africa where modern, fertilizer intensive farming is rapidly growing.
Allana Potash (OTCPK:ALLRF) has a huge potash deposit in Ethiopia with access to the Indian Ocean. It has just concluded a strategic alliance with the world's sixth largest potash producer, Israel Chemicals Limited.
The deal combines an equity participation, a take or pay off take agreement for up to 1 million tons per annum and technical assistance.
Read more about the deal atA Major Partner For Allana PotashCEO Farhad Abasov on the ICL Strategic Alliance
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.