Ethiopia will supply potash to the global market within the coming four years, according to its Ministry of Mines, Petroleum and Natural Gas (MoMPNG).
Studies have shown the existence of more than 100 million tons of potash deposit around Dalol region, Afar regional state, making Ethiopia the third country in the world to have the mineral.
Three international companies have asked for licenses to engage in potash development in the region, Tolosa Shagi, Minister of Mines, Petroleum and Natural Gas, told ENA.
Allana potash, which was previously licensed to develop potash mineral at the regional state, transferred its license to the leading Israeli Chemical Ltd (ICL) due to financial constraints, he said.
Currently, the British Circum Minerals Ltd and the Norwegian Yara International are undertaking broad activities to export the product, he added.
Many investors are also showing interest to establish potash fertilizer factory in Ethiopia, according to the minister.