Australian Potash signs joint cooperation agreement with Port of Geraldton
The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.
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The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.
The two phosphate mines in Brazil were idled in April after the company was unable to obtain a deadline extension for providing stability certification for three of its tailings dams.
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.
The MoU was signed on the sidelines of the ongoing African Green Revolution Forum in Accra, Republic of Ghana.
The project includes development of the company's KL262 property and a proposed 3.25 million tpy solution potash mining operation in Saskatchewan, Canada.
Final geochemical assays are expected in coming weeks, which will allow an updated geological model and JORC Mineral Resource Estimate to be completed prior to the end of October 2019.
The strategic review of the company's Fertilisers Asia Pacific business segment will assess various options including a potential sale of the business, a demerger or retaining the business and continuing to invest for growth.
The company is developing the Lac à Paul phosphate mine in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.
Upon receipt of funding and completion of detailed engineering, the company will be in a position to begin construction in 2020.
The facility’s 1 million tpy ammonia production capacity is the largest in Europe.
The two companies hope to produce hydrogen from renewable sources to be fed into Yara's existing ammonia plant, which will either be used in fertilizer production or used as green ammonia.
A report by the company has concluded that India is on course to have capacity additions of 9.27 million tpy by 2030.