Zangge Mining and Yuntu Holdings Acquire 92% Stake in Congo Potash Project for $171 Million
Chinese listed companies Zangge Mining and Yuntu Holdings have formed a joint venture to acquire a 92% stake in Kanga Potash (KP) in the Republic of Congo for $171 million. KP holds mining rights for the Kanga potash mine (321 sq km, valid until 2047) and exploration rights for the Loango potash mine. Resource estimates total 1.989 billion tonnes of potassium chloride at an average grade of 16.73%. Zangge Mining will hold 75% of the joint venture and consolidate KP. The greenfield project has no revenue yet. The deal aims to secure overseas potash resources for China, which imports about 71% of its potash.
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Zangge Mining Acquires 92% Stake in Congo Potash Project, Institutional Investors Briefed
On September 18, 2026, Zangge Mining (000408) hosted institutional investors for a research visit, including Greenwoods Asset Management, High-Flyer Quant, and Kuanhe Capital, among dozens of other firms. The company discussed its September 16 board decision to establish a holding company and acquire 92% equity in Kanga Potash, a greenfield potash project in the Republic of Congo. The Kanga mining license covers 321 square kilometers (valid until 2047) and the Loango exploration license covers 286 square kilometers. According to a 2018 NI 43-101 report, indicated potassium chloride resources total 810 million tonnes at 17.12% grade, with inferred resources of 1.179 billion tonnes at 16.47% grade. The company also updated on its Laos project mining permit application, noting close coordination with Lao authorities. Management stated the acquisition enriches overseas potash resource layout and leverages controlling shareholder Zijin Mining's experience in African mining operations. The joint investment with Yuntu Holdings aims to combine capital and industry advantages, with due diligence conducted by Deloitte, Zhong Lun Law Firm, and Shirui. The company expects no material adverse impact on financial condition or dividend policies from this transaction.
Zangge Mining Holds Investor Call on Congo Potash Acquisition, Attracts Major Funds
On September 20, 2026, Zangge Mining (000408) disclosed that it held an institutional investor call on September 18, 2026, regarding its proposed acquisition of a 92% stake in KangaPotash. The call was attended by over 60 institutions, including prominent names such as景林资产 (Greenwoods Asset Management), 幻方量化 (High-Flyer Quant), and 千合资本 (Qianhe Capital). The company detailed that KangaPotash's core asset is a potash greenfield project in the Republic of Congo, with Kanga mining rights containing 8.10 billion tonnes of indicated KCl resources at 17.12% grade and 11.79 billion tonnes of inferred resources at 16.47% grade, totaling 19.89 billion tonnes. Management stated the acquisition enriches overseas potash resource布局, and that controlling shareholder Zijin Mining will provide overseas project development experience. The company also noted it is advancing its Laos project's mining permit application. Zangge Mining reported strong 2026 H1 results with net profit up 102.09% year-on-year. The report includes analyst ratings and is sourced from 证券之星 (Stockstar).
Zangge Mining and Yuntu Holdings Invest $171 Million in African Potash Resources
Chinese listed companies Zangge Mining and Yuntu Holdings have announced a joint venture to acquire a 92% stake in Kanga Potash (KP) for approximately $171 million (11.57 billion yuan). Zangge Mining, through its Singapore subsidiary, will hold 75% of the joint venture and indirectly own 69% of KP, consolidating the target. KP's core assets are potash mining and exploration rights in the Republic of Congo, including the Kanga mining license covering 321 square kilometers with an estimated 1.989 billion tonnes of contained potassium chloride resources at an average grade of 16.73%, valid until 2047. The project is a greenfield development with no revenue yet. The acquisition comes as Zangge Mining faces domestic potash capacity reduction from 2 million to 1.2 million tonnes per year due to resource depletion, and its Laos project remains stalled due to a local approval suspension. Yuntu Holdings, a compound fertilizer producer, aims to secure upstream potash supply. Zangge Mining reported strong 2026 first-half results with net profit surging 102% year-on-year to 36.38 billion yuan, driven by potash, lithium, and investment income from Julong Copper. The company warns of risks including resource estimation uncertainty, operational risks in the Republic of Congo, and regulatory approval delays.
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Yuntu Holdings and Zangge Mining Acquire Congo Potash Mine for $171 Million
On September 18, Yuntu Holdings announced that its subsidiary Yingcheng Chemical will form a joint venture in Singapore with Zangge International, a subsidiary of Zangge Mining, to acquire a 92% stake in Kanga Potash Company (KP Company) in the Republic of Congo for $171 million. Yingcheng Chemical's 25% share amounts to $42.76 million. KP Company holds mining rights for the Kanga potash mine and exploration rights for the Loango potash mine, with Kanga covering 321 square kilometers and containing 1.989 billion tonnes of potassium chloride resources at an average grade of 16.73%. The deal extends both A-share fertilizer companies' reach into African potash resources amid China's heavy reliance on imports, which stood at about 71% in 2025. Yuntu Holdings aims to secure upstream potash supply, while Zangge Mining, a leading domestic potash producer with a 65.19% gross margin in its potassium chloride business, leads as controlling shareholder. CITIC Securities forecasts potash prices may trend upward in the second half of 2026 due to robust demand, though high inventories and surging imports limit short-term upside.
Yuntu Holdings and Zangge Mining Acquire Congo Potash Mine for $171 Million
Yuntu Holdings (002539) announced on September 18 that its subsidiary Yingcheng Chemical will form a joint venture in Singapore with Zangge International, a subsidiary of Zangge Mining, to acquire a 92% stake in Kanga Potash Company (KP Company) in the Republic of Congo for USD 171 million (approximately RMB 1.157 billion). Yingcheng Chemical's 25% share corresponds to USD 42.76 million. KP Company holds mining rights for the Kanga potash mine (321 sq km, valid until 2047) and exploration rights for the Loango potash mine. Resource estimates show 1.989 billion tonnes of potassium chloride at an average grade of 16.73%. Yuntu Holdings stated this investment extends its compound fertilizer business upstream into potash raw materials, addressing domestic supply gaps. Zangge Mining, a leading Chinese potash producer, will act as controlling shareholder, aligning with its dual potash-lithium strategy. China imports about 71% of its potash, with 2025 imports at 12.615 million tonnes. CITIC Securities forecasts an upward trend in potash prices due to robust demand but notes short-term headwinds from high inventories and seasonal demand declines, with winter stockpiling and overseas capacity returns as key variables.
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