Australian Potash Ltd has announced that the board of the Environmental Protection Authority (EPA) has recommended to the Minister for the Environment that the Lake Wells Sulfate of Potash (LSOP) project be approved for development.
- Recommendation for approval of full project development made to Minister for the Environment.
- Conditions for development and operations agreed between APC and EPA.
Managing Director and CEO, Matt Shackleton, commented: “We are very pleased to advise shareholders of the EPA Board’s recommendation to the Minister that the LSOP be approved for development. In any minerals project development, this is a seminal step, and one which the APC team can be rightly proud.
“Our typically thorough approach to the approvals pathway is reflected in the very positive liaison we have enjoyed with the EPA over the past 2 years, and in the concise and effective list of conditions we will adhere to through development and production.
“We are continuing discussions in the Offtake Programme, with in excess of 75% of our forecast output already contracted under binding take or pay agreements. The plant EPC tender package has been issued and we are reviewing EPC bids received for several other packages. The formal debt due diligence process has commenced with domestic and international financing institutions now in the data room.
“The Board looks forward to updating shareholders on these remaining milestone tasks in the coming weeks.”
Read the article online at: https://www.worldfertilizer.com/project-news/07092020/epa-recommends-australian-potash-approval-to-minister/
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