Acron accelerating construction of Talitsky potash mine
The company has increased the project’s planned capital investments for 2021 and 2022 from US$60 million to US$222 million.
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The company has increased the project’s planned capital investments for 2021 and 2022 from US$60 million to US$222 million.
Kalium Lakes has provided a commissioning update for its Beyondie SOP Project.
Potash producer K+S has raised its 2021 core profit outlook for the second time this year, citing higher average prices in the agriculture customer segment and a strong industry business.
The company has said that more than 113 000 t of contained sulfate of potash had been pumped from the Beyondie project as at end July 2021.
Under the MoU the Port confirms the availability of sufficient port capacity for up to 700 000 tpy of muriate of potash and salt.
Forecasted sulfate of potash production from Lake Way for FY22 has been reduced and the company will require further funding before the end of 2021 to continue operations.
The company has said an announcement is imminent regarding a substantial downgrade in production estimates for the year ending 30 June 2022 and a possible future fundraising.
The majority of the company's key creditors have agreed to extend payment deadlines, which will enable Western to focus on obtaining the investments necessary to secure project financing.
Binding commitments made in the Cultural Heritage Management Plan focus on the preservation of Aboriginal heritage and cultural values, and the consultative framework with Aboriginal and other stakeholders.
A drainable indicated mineral resource of 1.9 million t of sulfate of potash at 4985 mg/litre of potassium has been estimated based on the results of recent trench pump trials of the surficial aquifer resource.
If BHP's Jansen potash project in Saskatchewan, Canada, does proceed, the agreement requires Westshore to handle potash for BHP for a term to 2051, subject to extension.
Initial accommodation units are on-site and in use at the Lake Wells project's village.