Copper $ 4.826 / lb -0.10%

Brent Crude Oil $ 77.01 / bbl 1.17%

Palladium $ 1053 / ozt -0.38%

Crude Oil $ 74.04 / bbl 1.48%

Natural Gas $ 3.847 / Btu -3.46%

Silver Futures $ 35.95 / ozt -2.18%

Aluminum Futures $ 2530 / ton -0.09%

Micro Gold Futures $ 3441 / ozt 1.61%

Micro Silver Futures $ 35.945 / ozt -2.06%

Platinum $ 1261.5 / ozt -4.61%

Gold Futures $ 3384.3999 / ozt -0.08%

Go to MDC Markets

Salt Lake industry to invest $3.2bn in Canadian Salt Lake

China Mining | June 16, 2011 | 3:17 pm

Qinghai Salt Lake Industry signed a letter of intent with Zhongchuan Mining to jointly turn a salt lake in Saskatchewan, Canada, into a potassium chloride production base, with total investment of $3.2 billion, reports National Business Daily, citing a company filing.

The government will contribute $2-2.5 billion of the total investment amount, according to the filing.

Photo of salt boiling is from Wikipedia.