Australian Potash Ltd. (APC) , Subiaco, Western Australia, reports it has signed a second binding 10-year take-or-pay term sheet with Migao International (Singapore) Pte. Ltd. for the supply of 50,000 mt/y of its K-BriteTM SOP from the Lake Wells project, located some 500 km northeast of Kalgoorlie, in Western Australia’s northeastern Goldfields.
The deal provides for the geographical rights for distribution through China. Pricing has been agreed on a net realized price basis.