Asian investors eye planned New Mexico potash mine

August 9, 2014 • State News

CARLSBAD, N.M. (AP) — A proposed $1.02 billion potash mine in southeastern New Mexico may get a financial boost from Asian investors, company officials said.

Intercontinental Potash Corp. says private investors from China and a bank in Japan have shown an interest in the proposed Ochoa Project, Carlsbad Current-Argus reported earlier this week ( ). The company wants to develop an underground mine in southern Lea County to extract polyhalite ore to use in the production of potash.

Intercontinental spokesman Login to read more

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