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Salt Lake Potash awards process plant contracts

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World Fertilizer,

Salt Lake Potash has awarded EPC and EPCM contracts to GR Engineering Services (GRES) for construction of the process plant and non-process infrastructure (NPI) at its Lake Way project. These contracts combined represent more than 40% of the total project capital requirement.

Salt Lake Potash awards process plant contracts

The EPC contract involves the provision of plant, labour, materials and construction services for the process plant and NPI, valued at AUS$85 million.

The EPCM contract involves the provision of services for the engineering, procurement and construction management for areas of the process plant and NPI, valued at AUS$22 million.

The process plant has been designed by GRES and Wood plc (pictured). It is a reverse flotation, conversion and re-crystallisation process utilising well-established technology.

As part of the detailed engineering undertaken since completion of the Bankable Feasibility Study (BFS) in October 2019, which now sits at over 85% complete, as well as the negotiated contract risk allocation undertaken with GRES, the company has agreed a revised capital budget of AUS$264 million, a AUS$10 million increase to the published BFS capital budget. The revised budget includes an AUS$18 million contingency allowance.

Bulk earthworks for the process plant site are now complete, while major vendor procurement is 77% complete and offsite fabrication activities are substantially progressed. The project remains on schedule for first sales in 1Q21.

Tony Swiericzuk, CEO, said:

“We are very pleased to have executed these contracts with GRES who have been a critical contracting partner by our side throughout the design development of the Lake Way processing plant and off-lake infrastructure since early 2019. The finalisation of these major project contracts and the substantial engineering and procurement activity to date has further de-risked the Lake Way project execution and confidence around the capital budget.”
Image courtesy of Salt Lake Potash

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