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BRIEF-K+S Strikes 10-Year Supply Deal With Australia's Kalium Lakes

Published 26/03/2019, 08:30 am
BRIEF-K+S Strikes 10-Year Supply Deal With Australia's Kalium Lakes
SDFGn
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KLL
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March 25 (Reuters) - K+S SDFGn.DE :

* TO PURCHASE UP TO 90,000 TONNES OF FERTILIZER POTASSIUM SULFATE (SOP) PER YEAR UNDER 10-YEAR AGREEMENT WITH AUSTRALIA'S KALIUM LAKES KLL.AX

* DEAL GIVES IT EXCLUSIVE ACCESS TO FIRST SOP PRODUCTION IN AUSTRALIA

* KALIUM LAKES KLL.AX TO DEVELOP UNDERGROUND BRINE DEPOSIT IN PILBARA REGION OF WESTERN AUSTRALIA

* FINAL INVESTMENT DECISION BY KALIUM LAKES KLL.AX WILL BE TAKEN IN Q2 2019

* FIRST SIGNIFICANT QUANTITIES OF SOP EXPECTED BY THE END-2020 OR EARLY 2021

* DEAL DOES NOT REQUIRE K+S TO COMMIT CAPITAL Further company coverage: SDFGn.DE

(Berlin Speed Desk)

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