trending Market Intelligence /marketintelligence/en/news-insights/trending/su5HKof6QdLJaJXz89ooqA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Salt Lake Potash set for A$45.5M Lake Way fundraising

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Salt Lake Potash set for A$45.5M Lake Way fundraising

Salt Lake Potash Ltd. has secured binding commitments for a further A$45.5 million of funding for its Lake Way potash project in Western Australia.

The company is raising A$23.5 million via the issuance of 33,571,429 common shares at 70 Australian cents per share in December 2019 and January 2020.

Meanwhile, Taurus Funds Management extended its stage-one debt facility by a further US$15 million, to A$22 million.

The debt facility is part of the Lake Way project's US$150 million project financing.

Salt Lake said Dec. 6 that the funding will help it continue with continue project development, including stage-two on-lake construction and start process plant construction in early 2020.

A bankable feasibility study unveiled in October for Lake Way outlined a post-tax net present value, discounted at 8%, of A$479 million, a 28% internal rate of return and a 3.5-year payback period.

Development capital is expected to total A$254 million, including A$21 million for contingency.