Russia's Uralchem is in talks with Zimbabwe phosphorus fertiliser producer Chemplex about taking a majority stake in the company and privatising it. The deal would see Chemplex, which has been operating since 2008, take over Zimbabwe's entire phosphate production capacity for an estimated $US1 billion ($A1.35 billion).
Russia's Uralchem is in talks with Zimbabwe phosphorus fertiliser producer Chemplex about taking a majority stake in the company and privatising it. The owner of the Russian fertiliser producer, Dmitry Mazepin, said the company would not consider anything short of a 50% stake in Chemplex.