Potash

The company's revenue increased in 1Q20 by 230% to CAN$509 532, compared to CAN$154 279 in 1Q19.

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.

Highfield Resources has completed exploration drill holes at its Vipasca and Sierra del Perdón permit areas in Spain.

ICL will supply an an aggregate 410 000 t of potash to Indian Potash, with mutual options for an additional 30 000 t, to be supplied through December 2020.

Major project status will allow the project to receive additional government support.

Western Potash Corp. is delaying completion of construction for the balance of its Milestone phase 1 project process plant in Saskatchewan, Canada, from July to the end of this year.

Veolia will design and supply two HPD crystallisers: one to grow 32 t of high-purity potassium sulfate crystals every hour, the other to recycle 54 tph of solids to yield the maximum potassium recovery.

The company's production target from the development is 400 000 tpy of muriate of potash over an initial 18-year life.

Canpotex has agreed to a contract with Indian Potash for potash shipments through to 31 December 2020, at a price of US$230/t on a CFR basis.

The Karinga Lakes potash project (KLPP) covers an extensive brine lake system over pastoral land, located approximately 250 km southwest of Alice Springs in the Northern Territory, Australia.

The authorisation is in advance of the EPA’s pending report on the Lake Wells sulfate of potash project's development proposal.

The company has reported EBITDA of €201 million in 1Q20, compared to €270 million in 1Q19.