https://www.miningweekly.com
Financial|PROJECT|Infrastructure
Financial|PROJECT|Infrastructure
financial|project|infrastructure

Kalium Lakes secures debt funding for Beyondie

Kalium Lakes secures debt funding for Beyondie

Photo by Bloomberg

19th March 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Potash developer Kalium Lakes has secured A$102-million in debt funding for its Beyondie sulphate of potash (SoP) project, in Western Australia.

The company on Tuesday told shareholders that it had signed a non-binding term sheet with German bank KfW IPEX-Bank to provide the senior debt funding for the development of Beyondie.

“We are delighted with the level of support shown by the German and Australian governments for this incredible venture to produce a premium fertilizer which we know will benefit not just Australians but many other countries around the world,” said Kalium Lakes MD Brett Hazelden.

“With the support of the North Australian Infrastructure Facility (NAIF), KfW IPEX-Bank, Euler Hermes, our investors, management and staff, the development of Australia’s first SoP production is now one step closer.”

The KfW IPEX-Bank funding has a ten-year tenor, complementing the A$74-million investment by the NAIF.

KfW IPEX-Bank is finalising its due diligence, and has started its credit approval process.

The A$250-million Beyondie project will produce 150 000 t/y SoP, with the option to incrementally phase the project through a ramp-up from 75 000 t/y to 150 000 t/y to minimise operational and financial risks.

Edited by Creamer Media Reporter

Comments

Latest News

FACTBOX: Top deals in the global mining sector
FACTBOX: Top deals in the global mining sector
Updated 7 hours ago By: Reuters

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 7 hours ago
Magazine cover image
Magazine round up | 26 April 2024
26th 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:0.111 0.15s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: