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Kalium Lakes' Beyondie SOP project receives government infrastructure loan

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World Fertilizer,

The Premier of Western Australia, Hon. Mark McGowan MLA, has signed off on a Northern Australia Infrastructure Facility (NAIF) loan to assist in developing infrastructure for Kalium Lakes’ Beyondie sulfate of potash (SOP) project.

The Premier, the Treasurer and the Minister for Mines and Petroleum of Western Australia made the announcement in a joint media statement on Thursday 14 November 2019.

Managing Director, Brett Hazelden, commented: “We acknowledge and appreciate the ongoing support of the Premier and the Western Australian Government for the development of a new Australian industry.

“This approval of the NAIF loan documentation is one of the final steps which will shortly enable Kalium Lakes to obtain Financial Close and commence using the debt funding facilities.

“We look forward to employing many more Western Australians, with about 70 people already on site in addition to the numerous engineers, designers and support personnel in Perth.

“Our mission to supply Aussie farmers with locally produced sulfate of potash remains as strong as ever, with first production scheduled for around this time next year.

“The recognition of the company as the leader in an emerging national industry, at both a State and Federal level, reflects the hard work and dedication of a relatively small number of people during the past five years,” he said.

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