Junior sulfate of potash (SOP) producer Salt Lake Potash Ltd., Perth, Western Australia, reports it has signed three binding term sheets for the sale and distribution of 170,000 mt/y of sulfate of potash (SOP) from its Lake Way project in the Northern Goldfields Region of Western Australia.
The term sheets have been inked with Unifert for 60,000 mt/y for the Middle East and Africa; Indagro for 50,000 mt/y in North America and Europe; and Fertisur for 60,000 mt/y in South America.
Some 70 percent of total planned production from Lake Way is now committed for a five-year term from the [targeted] start of shipping in 2021 with take-or-pay arrangement on product resale, Salt Lake Potash said.