Potash

Kore Potash and Dougou Extension Potash Project in the Sintoukola Basin, have provided a quarterly update for the period ended 30 June 2022.

Initial construction work starts at the Muga Mine after receiving the construction licence in Aragón with the investor call to be held on Thursday 30 June 2022 at 3:00pm AEST.

Under the planned agreement, K+S intends to supply Cinis Fertilizer with its entire MOP requirements. In return, K+S could purchase up to 600 000 tpy of SOP from Cinis.

The potash development company has signed a Heads of Agreement with Electric Power Construction Corporation to construct Kola.

After closing financing deals with Appian Capital and Vantage Chance in May, the project kicked off with key contractors in mid-June, with mobilisations now occurring at the site.

The company has completed a Collaborative Project Planning Session with its key contractors and staff to officially kick off the restart of the 'Milestone Project' in order to complete the process facilities and solution mining development.

The company has announced that its strategic investor and offtake partner, HELM AG and its subsidiary HELM Fertilizers (collectively, ‘HELM’), has furthered its commitment to the company’s potash project located near Tugaske, Saskatchewan.

The company is ramping up potash production capability to 18 million t by 2025 and is planning for approximately US$2 billion in additional share repurchases in 2022.

The company has updated its flow modelling outlines with potential for increased production from brine at the Lake Wells Sulphate of Potash Project (LSOP).

The Tugaske Project is the first modular, vertically integrated, and environmentally sustainable potash production facility proposed to be constructed on Gensource’s mineral leases in its Vanguard Area.

The company has announced the appointment of its existing Chairman, Mr Ian Farmer, to the role of Acting Executive Chairman.

The company has announced the appointment of Mr Tony Dominkovich as Project Manager to oversee the development of the Lake Wells Sulfate of Potash Project (LSOP).

The joint project will test a new process for treating saline water and recovering dissolved minerals.

The company, located in the Republic of Congo, has provided a quarterly update for the period ended 31 March 2022.

Gensource has worked with Innovare over the last six years in the development of Gensource’s modular potash production module.