Australian Potash receives Green Loan verification
The company has received Green Loan verification for the debt issued to partly fund the development of the Lake Wells sulfate of potash project.
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The company has received Green Loan verification for the debt issued to partly fund the development of the Lake Wells sulfate of potash project.
Building on the Feasibility Study, the company has completed a concept study to examine the potential to develop Khemisset using a four-phased approach to reduce upfront capital costs and execution risk, and plan additional expansion stages to ensure that its economic value is fully developed.
Compass Minerals will sell substantially all assets related to the company’s Wolf Trax®, Rocket Seeds® and Hydro Bullet™ micronutrient product lines to Koch.
The new price is US$280/t on CFR terms, compared to US$247/t when the contract was first signed in January 2021.
The company has signed a non-binding MoU with Summit Africa Ltd that will seek to optimise, fully finance and construct the Kola potash project in the Republic of Congo via a mix of debt and royalty financing.
The agreed selling price in the contract is US$280/t CIFFO Indian ports, US$50/t above the previous contract.
One of the awards includes the initial earthworks contract, which has been awarded to WBHO Infrastructure.
The average grade of 4488 mg/L potassium (10.01kg/m3 SOP) is in line with the upper end of the previously reported Exploration Target, with a maiden Mineral Resource estimated to be delivered early next quarter.
The upgraded facility in Chaplin, Saskatchewan, Canada, is expected to be complete by the end of 2023 and will produce 150 000 tpy of sulfate of potash.
Salt Lake Potash has announced the commencement of process plant commissioning at its Lake Way Project near Wiluna, Western Australia.
The company has released its audited consolidated IFRS financial statements for 2020 and said it has launched three projects – construction of a calcium nitrate production facility and upgrading of the Ammonia-3 unit at its Novgorod site, and construction of a nitric acid unit at its Dorogobuzh site.
Bauer International FZE constructed approximately 112 000 m2 of cut-off wall over a length of 4.2 km on a dyke surrounding an earth basin used by the Arab Potash Company for carnallite production.