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Germany's K+S to launch salt project in Australia

Published 25/05/2016, 04:11 pm
© Reuters.  Germany's K+S to launch salt project in Australia
SDFGn
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FRANKFURT, May 25 (Reuters) - German potash miner K+S SDFGn.DE said on Wednesday it planned to set up a salt production facility in Western Australia that could start production in 2022, as part of its growth strategy.

It said capital expenditure in connection with the project could come to A$350 million ($252 million), but said it would not make a final decision on whether to build the facility until it had received the necessary permits, which would take at least three years.

($1 = 1.3881 Australian dollars)

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