Potash

The funds will be used to continue the work streams for the FEED study due to be delivered in 1H20.

The company will now finalise the remaining key construction contracts.

The Wyndham Port Facility will comprise key infrastructure for the large-scale export of chloride-free potash products from the Mackay potash project in Western Australia.

The company is developing two sulfate of potash projects in Western Australia.

The agreement covers 100% of the potash production (146 000 tpy) from the Milestone Phase I plant in Saskatchewan, Canada.

The consolidation of permits comes under Morocco's new mining code, which was implemented in 2015.

The company has responded to the current weak demand for potash by reducing production by up to 300 000 t.

The company expects to reduce its total output of potash by approximately 350 – 500 000 t.

The company received credit approval for a US$200 million senior debt facility earlier this year.

The shutdowns are at the company's Allan, Lanigan and Vanscoy potash mines in Saskatchewan, Canada.

Highfield is to provide Ameropa up to 250 000 tpy of muriate of potash (MOP) from its Muga potash mine in Spain.

Hayden Locke, CEO, said that the completion of metallurgical testing at the company's Khemisset potash project in Morocco earlier this year was a "significant de-risking milestone" for Emmerson.

The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.

Weaker global demand and falling prices were cited by Ivan Golovaty, chief executive at state-owned miner Belaruskali, for reducing production.

Major Project Status is the Australian Government's formal recognition of the national strategic significance of a project, through its contribution to economic growth, employment, or contribution to regional Australia.