Tata Chemicals injects $16 million into EPM
EPM Mining, an exploration-stage potash developer with a 100,000 acres project on the Sevier dry lake in Utah, received a boost on Friday when Tata Chemicals via a subsidiary invested $16 million in the company.
Tata Chemicals, part of one of India's largest family conglomerates, now controls 30% of EPM Mining after first upping its stake at the end of May. With potash prices surging India, at some 6 million tonnes the largest importer of the crop nutrient, is keen to command new supplies.
