- Write by:
-
Monday, August 7, 2023 - 20:50:30
-
207 Visit
-
Print
Mining News Pro - Sulphate of potash miner Kalium Lakes has entered into administration, appointing Rob Brauer, Jason Preston and Rob Kirman as receivers and managers.
The three receivers has assume control of the Kalium Lakes operations which are set to continue on while an assessment of sale or recapitalisation options is undertaken.
Cheryl Edwardes, Brent Smoothly, Simon Wandke, Robert Adam and Salvatore Lancuba resigned from their positions as chairperson and non-executive directors following the announcement.
“The strategic process announced by Kalium Lakes on 14 June 2023 is well progressed with wide interest received,” the company said in a statement.
“The receivers will continue the strategic process and immediately pursue the conclusion of a transaction. Further details will be provided as the strategic process concludes.”
Kalium Lakes delivered the first batch of sulphate of potash (SOP) at its Beyondie project in Western Australia in what was believed to be an Australian first in October 2021.
“Kalium Lakes has delivered another major milestone for the Beyondie SOP Project, producing its first SOP seven years after the company was founded in September 2014,” Kalium Lakes then-chief executive officer Rudolph van Niekerk said at the time.
“It has been a remarkable journey to reach this stage and we thank everyone who has contributed to the success of the project during the past seven years, particularly our long-term shareholders, management team and employees.”
The administrators will write to creditors to advise of the details of the first meeting of creditors which is expected to be held on 15 August 2023.
Short Link:
https://www.miningnews.ir/En/News/626219
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for ...
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper ...
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), ...
Mining News Pro - Speculation about Anglo American (LON: AAL) becoming the target of a takeover by a rival or a private ...
Mining News Pro - BHP Group Ltd. (ASX: BHP) CEO Mike Henry is talking down the chances of acquiring Canadian fertilizer ...
Mining News Pro - Fertilizer makers jumped after Hamas’ surprise attack on Israel raised concerns over how the conflict ...
Mining News Pro - Canada’s Brazil Potash has scored a key win in its battle to build its $2.5bn Autazes project in the ...
No comments have been posted yet ...