Uralkali and Indian Potash agree potash supply contract
The contract price has been set at US$230/t.
The contract price has been set at US$230/t.
Pumping of the initial brine extraction bore drilled into the Lake Way paleochannel delivered flow rates of 18 litres per second, with a consistent potassium grade of 7100 mg per litre (15.9kg/m3 SOP), sustained over a 17 day period.
Completion of EPCM phase 2 is anticipated in June 2020.
Uralkali has signed a loan agreement in the amount of US$665 million with 11 international banks.