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Saudi arabian Ma'aden to send first DAP shipment to India

June 09/2011

(Arabian oil and gas) -- The Saudi arabian mining company Maaden has signed the first contract to sell 200 KT of diammonium phosphate (DAP) to the Indian company Zuari Industries Limited. The first shipment will be exported sometime between August 2011 and March 2012. The cost of the first shipment was USD 612 per tonne including the cost of shipment to India, which is equal to USD 590-USD 597 per tonne with Ras Tanura delivery.

The contract was signed on the sidelines of the International Fertilizer Conference in Montreal, in Canada. SABIC was in charge of the marketing. Maaden has declined to announce the commercial start-up of its complex located in Ras Ezzour, but company officials revealed that they expect the official start up in August.

The DAP project is developed in joint venture between Maaden which controls 70% of the project, and 30% for SABIC.

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