Agrimin

Potash explorer Agrimin has boosted its coffers with a $10 million capital raising to progress the definitive feasibility study being undertaken at its Mackay project in Western Australia.

SPECIAL REPORT: As land and population pressures drive the need for more productive farming, WA finds itself at the centre of a new mining race.

Agrimin has awarded Primero Group the engineering design contract for the process plant component of its $545 million Mackay sulphate of potash project.

A series of new contracts and extensions, including an early contractor involvement arrangement with Hazer Group, has brought Primero Group’s forecasted FY19 revenue to approximately $150 million.

Agrimin has raised $8 million via a share placement to fund the completion of the definitive feasibility study for its Mackay potash project.

Two budding WA sulphate of potash producers have both reached project milestones today, with Agrimin awarding a port contract, while Kalium Lakes has given the green light to develop its Beyondie project.

Experienced trucking operator Craig Mitchell has formed a logistics joint venture with aspiring sulphate of potash producer Agrimin, seven months after he reached a similar agreement with budding iron ore miner Fenix Resources.

The federal government has granted Perth company Agrimin major status for its Mackay potash project in Western Australia for an initial three-year period.

Salt Lake Potash has moved into the construction stage for its Lake Way project in Western Australia's Goldfields after signing two contracts with GR Engineering Services, worth a combined $107 million.

WA’s fledgling potash industry is making solid steps towards first production.

Mining major Rio Tinto has agreed to another copper farm-in deal, this time with Agrimin’s private exploration subsidiary.

Kalium Lakes has begun commissioning its Beyondie potash plant in the Pilbara, with first production and sales expected in September.

Agrimin has signed a major offtake deal for its Mackay SOP project in the Pilbara, while mineral sands company Strandline Resources secured further sales from its Coburn development.

Potash player Agrimin has been granted lead agency status from the state government for its $637 million Mackay development in the Pilbara.

One of the first movers in potash has run into trouble, but backers remain bullish about the emerging industry.

BCI Minerals is set to receive a $175 million cash injection from AustralianSuper and $110 million from major stakeholder Kerry Stokes to get its $1.2 billion potash project up and running.

Potash hopeful Agrimin has sought further funds needed to develop its $637 million Mackay project in the Pilbara, as the company closes in on a final investment decision.

Although small by global standards, there’s upside emerging for WA potash producers.

Salt Lake Potash’s Lake Way project, which was predicted to be one of the first producing potash assets in the state before its collapse last year, has been put on the market by receivers.

At least seven potash plays plan to produce the fertiliser from sun-dried brine or solar-dried ponds.

One of the few potash players standing in the state is understood to have entered an agreement to buy the Beyondie project from the hands of first mover, Kalium Lakes.

The Beyondie project will be placed under care and maintenance ahead of a planned restart under proposed new owners Agrimin, who will raise capital in the coming weeks to fund the buy.

In this podcast, Mark Pownall and Jack McGinn discuss the latest on Chevron's IR deal, WA's top builders, potash deal, road funding, battery contacts, Synergy, Water Corp, tower plans, barramundi and Twiggy's mansion.

A share sale agreement under which potash aspirant Agrimin would acquire Kalium Lakes' flagship project from receivers has been terminated.

Simone Grogan and Jack McGinn discuss the state of play for WA's potash hopefuls.

Having received shareholder approval to purchase the Beyondie sulphate of potash project earlier this week, exploration company Reward Minerals launched plans on Wednesday to raise up to $22.79 million to help fund the arrangement.

Troubled potash player Kalium Lakes is expected to collapse into liquidation after Reward Minerals failed to drum up the funds to buy its Beyondie potash project.

Assets of failed Western Australian potash miner Kalium Lakes are being auctioned off after the project failed to find a buyer.

Private company SO4 has delivered rare good news for the potash sector by announcing successful production at its Lake Way project, which it bought out of receivership two years ago.

Potash aspirant Agrimin has announced a series of board changes, a day after positive conversion and flotation results from its flagship Mackay potash project were released to the market.

The state’s environmental watchdog has waved through Agrimin’s Mackay potash project after five years in the approvals process.

Eighteen days after its Mackay potash project received state environmental approval, Agrimin has announced a series of cost-saving measures.