Potash

Construction works for the Standard Grade SOP component of the plant are currently 98.1% complete.

The proceeds will be used to fund the purchase of long-lead items and other site infrastructure, including power supply, at the company’s Muga Potash Project.

The microgrid for the Lake Wells sulfate of potash project will be developed in a staged approach, with the thermal component to be completed within circa 15 months of Australian Potash making a final investment decision.

The northern embankment trial construction at BCI Minerals' salt and potash project in Western Australia is nearing completion.

Under the MoU, the Port confirms the availability of sufficient port capacity for up to 700 000 tpy of muriate of potash and salt.

The negotiation protocol will govern the conduct of negotiations in relation to an agreement for the construction and operation of Agrimin’s proposed haul road for its Mackay potash project.

Australian Potash is aiming to make the Lake Wells project the lowest carbon dioxide emitting sulfate of potash project in Australia.

The company has increased the project’s planned capital investments for 2021 and 2022 from US$60 million to US$222 million.

Kalium Lakes has provided a commissioning update for its Beyondie SOP Project.

Potash producer K+S has raised its 2021 core profit outlook for the second time this year, citing higher average prices in the agriculture customer segment and a strong industry business.

The company has said that more than 113 000 t of contained sulfate of potash had been pumped from the Beyondie project as at end July 2021.

Under the MoU the Port confirms the availability of sufficient port capacity for up to 700 000 tpy of muriate of potash and salt.

Forecasted sulfate of potash production from Lake Way for FY22 has been reduced and the company will require further funding before the end of 2021 to continue operations.

The company has said an announcement is imminent regarding a substantial downgrade in production estimates for the year ending 30 June 2022 and a possible future fundraising.

The majority of the company's key creditors have agreed to extend payment deadlines, which will enable Western to focus on obtaining the investments necessary to secure project financing.