https://www.miningweekly.com
Construction|PROJECT|Products
Construction|PROJECT|Products
construction|project|products

Dissident Karnalyte shareholders call meeting

14th July 2020

By: Creamer Media Reporter

     

Font size: - +

Potash developer Karnalyte said on Monday that it had received a requisition for a special meeting of shareholders from a group of dissident shareholders, comprising former company directors Peter Matson, Greg Szabo and Mark Zachanowich.

The shareholders are calling for the election of four individuals to the board of directors.

Karnalyte, which held its annual general meeting two weeks ago, said it was reviewing the latest dissident shareholder documents and would update shareholders in due course.

It reaffirmed that its priority remained continuing the previously announced prefeasibility study and on work to engage a strategic consultant.

Karnalyte focuses on two fertiliser products, potash and nitrogen, which it will produce and manufacture in Saskatchewan.

Karnalyte owns the construction ready Wynyard potash project, with planned Phase 1 production of 625 000 t/y of high-grade granular potash, and two subsequent phases of 750 000 t/y each, taking total production up to 2.125-million tonnes a year. 

Karnalyte is also exploring the development of the Proteos nitrogen project, which is a proposed small-scale nitrogen fertiliser plant with a nameplate production capacity of about 700 metric tonnes a day of ammonia and about 1 200 metric tonnes a day of urea.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.206 0.242s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: