Agrimin signs offtake deal at Mackay
PERTH (miningweekly.com) – ASX-listed Agrimin has inked a binding offtake agreement with Chinese potash importer Sinochem Fertilizer Macao for the supply of 150 000 t/y of sulphate of potash (SoP) from the Mackay project, in Western Australia.
The offtake agreement covers a ten-year term and is the largest offtake volume for any Australian SoP project to date.
The agreement covers one-third of Agrimin’s planned SoP production of 450 000 t/y at Mackay, the company said on Tuesday.
“Sinochem Fertiliser Macao is a tier one offtake partner and we welcome this long-term relationship with China’s main importer of potash to create an important supply channel for Agrimin’s SoP into the world’s largest SoP market,” said Agrimin CEO Mark Savich.
“This large tonnage, long-term supply deal is testament to the quality and scale of the Mackay potash project. It is also further evidence of the considerable interest in the environmental and organic credentials of Agrimin’s SoP product.”
Savich said that the company was at an advanced stage of negotiation with other fertliser companies in different regions, and was expecting to announce further development in the near-term to underpin project financing.
Agrimin plans to produce up to 426 000 t/y of premium SoP over its 20-year life, at an estimated capital cost of $409-million. This will make the project one of the largest global suppliers of SoP fertiliser, generating estimated annual sales revenue of A$315-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation