Premier of Western Australia Mark McGowan today signed off on a Northern Australia Infrastructure Facility loan to assist in developing infrastructure for Kalium Lakes' Beyondie project.
Located southeast of Newman, the sulphate of potash project is on track to become Australia's first sulphate of potash operation in Australia.
Construction at the project has commenced, which will create 170 jobs, while first production is expected at the end of 2020, creating 70 operational jobs for Western Australians.
This announcement demonstrates that the McGowan Government's decision to lower rental rates for minerals in brine, such as potash, is producing positive results.
Potash is an essential nutrient used in high-quality fertilisers that protects food crops from disease and pests, and improves water retention, yield, taste and appearance.
As stated by Premier Mark McGowan:
"The Beyondie project has a mine life of 30-plus years, so this is a win for local regional communities that we expect will create long-term, sustainable jobs.
"My Government is pleased to support this emerging industry through the introduction of lower rental rates, and the development of this project is another sign that our economy is heading in the right direction."
As stated by Treasurer Ben Wyatt:
"Through our careful financial management the McGowan Government is able to provide the necessary investment that drives jobs throughout the State."
As stated by Mines and Petroleum Minister Bill Johnston:
"Congratulations to Kalium Lakes who are progressing to become a nation-wide leader in developing the potash industry.
"It's great the McGowan Government has been able to support this fledgling industry through the new minerals in brine mining rental rates, and is helping to stimulate this important sector and create jobs for Western Australians."
Premier's office - 6552 5000
Treasurer's office - 6552 5900
Mines and Petroleum's Minister's office - 6552 6700
