18/05/2020 - 13:45

Agrimin project granted major status

18/05/2020 - 13:45

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The federal government has granted Perth company Agrimin major status for its Mackay potash project in Western Australia for an initial three-year period.

Agrimin has been granted major status for its Mackay potash project which is located near Kiwirrkurra. Photo: Agrimin

The federal government has granted Perth company Agrimin major status for its Mackay potash project in Western Australia for an initial three-year period.

Minister for Industry, Science and Technology Karen Andrews said the government recognised the opportunity for the project, located near Kiwirrkurra, to contribute to economic development within the remote region as well as benefit the wider Australian economy.

The major project status also allows for the potential for additional government support, Agrimin says.

The West Perth-based company plans to advance the project within three years through approvals, funding and construction phases.

Chief executive Mark Savich said the company was pleased with the federal government support.

“The world-class Mackay potash project will produce a premium quality salt of potash (SOP) product and is located on the doorstep of Asia Pacific’s key growth markets,” Mr Savich said in an ASX announcement.

“The granting of major project status is an acknowledgement of the Mackay potash project as being of strategic significance to Australia, along with producing long-term benefits through a contribution to exports, employment and infrastructure development.”

Mr Savich said the major projects facilitation agency would provide welcome assistance during the approvals process.

Shares in Agrimin were up 4.6 per cent at 2:30pm AEST to trade at 34 cents.

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