Australian Potash has signed a binding term sheet with Tier 1 partner Migao International for the supply of 50 000 tpy of K-BriteTM sulphate of potash (SOP) to China from the Lake Wells SOP project (LSOP). “We are pleased to announce the second binding term sheet for offtake supply, covering sales and distribution rights to K-Brite in the world’s largest SOP market, China,“ Managing Director and CEO, Matt Shackleton, commented. “From their position as one of China’s largest Mannheim SOP producers, Migao is ideally positioned to distribute the LSOP K-Brite into their long-term supply chain relationships in China. Notwithstanding restrictions on movement due to the Covid-19 pandemic, APC continues with its corporate activities, including progressing the offtake programme. Our strategic intention remains to secure the majority of the LSOP output under offtake, with now 70 000 t, or approximately 45% of the targeted output of 150 000 tpy, agreed to.“
Martin Engineering has developed a belt cleaner position indicator that monitors the blade, tracking and reporting remaining service life. The Martin N2® Position Indicator (PI) monitors primary belt cleaner blades, notifying Martin service technicians and plant operations personnel when re-tensioning or replacement is required and/or when abnormal conditions occur. The PI can be part of a new installation or directly retrofitted to existing mainframes that use the company’s replacement blades. Managers and service technicians can quickly access info on any networked cleaner via cell phone. With approximately 1000 operating systems currently in service and installations continuing daily, the technology has been embraced by bulk material handlers in a wide range of industries and applications. Designed in-house by the engineering team at Martin’s Center for Innovation (CFI), the N2 PI is produced solely in company-owned facilities to ensure the highest standards for quality control.
Crystal Peak Minerals is reviewing all expenditures related to its Sevier Playa sulfate of potash project in Utah, US, and will take reasonable measures to preserve cash. All non-essential disbursements and all non-critical engineering work has been suspended until there is reduced volatility in financial markets. Since the project is not yet operational, there are limited activities at that site. All necessary environmental and regulatory procedures are going forward on schedule. Where appropriate, other activities have been deferred. Regarding engineering, studies are underway seeking to optimise project development, reduce initial capital expenditures, improve operating costs, shorten time to first production, and to include the potential benefits of valuable by-products. Furthermore, the company is continuing to work with potential partners to secure an offtake arrangement for the project’s anticipated products.
