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MADISON, US: Mississippi Phosphates Corporation (MPC), a wholly owned subsidiary of Phosphate Holdings Inc (PHOS), and OCP Co have agreed to extend the term of their agreement for the purchase and sale of phosphate rock dated 27 August 2009, through 31 December 2012. The agreement was scheduled to expire on 30 June 2012. During the six-month extension, MPC intends to enter into discussions with OCP relating to the terms and conditions of a potential longer-term arrangement for the supply of phosphate rock to Mississippi Phosphates’ Pascagoula, Mississippi plant.
© Reuters News
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