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Company News
The growing cost inflation crisis in Australia’s resources sector
Another day, another cost blow-out. This time it’s the Mardie potash project of BCI Minerals (ASX: BCI) which is facing construction costs almost double those of the original design, following a 40% blow-out at the Yangibana rare earths mine of Hastings Technology Metals (ASX: HAS). BCI and Hastings are not alone in battling the effects […]
Rocketing fertiliser prices forecast to continue amid war and surging cost of fuel
As the Russian and Ukraine war continues to play out, almost every sector is feeling the ripple effect, with energy prices among the first to surge, but fertiliser products and their raw ingredients aren’t far behind – attracting substantially higher prices. Russia and Belarus contribute 40% of traded volumes annually in the potash market, a […]
Australian Potash signs first offtake agreement for Lake Wells sulphate of potash project
Aspiring producer Australian Potash (ASX: APC) has signed its first binding term sheet with chemicals company Redox Pty Ltd for the supply of 20,000 tonnes per annum of premium K-Brite sulphate of potash from its flagship Lake Wells project in WA’s eastern goldfields region. The 10-year take-or-pay term sheet will give Redox exclusive sales and […]
Australian Potash closes in on sulphate of potash production from Lake Wells
Australian Potash (ASX: APC) is a step closer to becoming the first Australian producer of field evaporated sulphate of potash (SOP) after three tonnes of potassium rich harvest salts from its Lake Wells pilot program in the Western Australia’s eastern goldfields arrived in Perth for processing. The company’s facility in Canning Vale will now process […]
Australian Potash hits thickest basal sand intersection to date at Lake Wells sulphate of potash project
Exploration company Australian Potash (ASX: APC) has inched closer to defining a JORC reserve estimate for its Lake Wells sulphate of potash (SOP) project in Western Australia, making its thickest intersection of basal sands to date while drilling two production bores at the site. The company confirmed this week it had hit the wide, high-yielding […]
Australian Potash produces nation’s first sulphate of potash run
Australia’s first batch of field-evaporated sulphate of potash has been produced by Australian Potash (ASX: APC) at its pilot processing facility in suburban Perth, Western Australia. The facility output an initial 65 kilograms of the product from a maiden delivery of 3 tonnes of potassium-rich harvest salts mined at the company’s Lake Wells project in […]
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