The Saksrithai Project
Vatic’s ‘Saksrithai’ project covers an area of 32 km² in Nakhon Ratchasima province, northeast Thailand, 270 km from Bangkok. The project area is contiguous to the Dan Khun Thot project, presently under development by Thai Kali Ltd., where a high grade carnallite-sylvinite reserve has been delineated. In 2014, the Thai Ministry of Industry set up a special steering committee to promote the development of the country’s potash resources. Mining licenses have since been approved for two projects in the country, with license pending for the third. In addition, several new exploration licenses have been granted. New exploration license holders include: Rong Pang Mining, Sahachart Setthakit, and International Petroleum Group.