August 2023
Kalium founder says NAIF acted as ‘shadow director’ in potash collapse
Brent Smoothy wants the corporate regulator to investigate the circumstances of the federal development agency pulling a loan deal at the last minute.
- Peter Ker
Taxpayers face $83m loss in another potash collapse
Federal agencies pledged close to $1 billion towards the creation of a local potash sector over the past four years. Now, two of the frontrunners have collapsed.
- Peter Ker
June 2023
Banton investigates Salt Lake Potash, EY class action
The law firm said it was well-advanced in preparing claims against Salt Lake’s auditors and its directors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kalium Lakes hunts defence adviser as stock suspended
The listed sulphate of potash producer collected responses to a request for proposal for a defence advisory gig in just the past week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2022
Investigator raises alarm over Salt Lake Potash collapse
An investigation into a collapsed Australian potash trailblazer has alleged that investors were misled prior to a fundraising and the company traded insolvent
- Peter Ker
Done deal: Salt Lake Potash sells to Czech buyer Sev.en
Czech family-owned energy investments business Sev.en Global Investments has emerged as the buyer for bankrupt ASX-listed Salt Lake Potash, securing its second deal Down Under in the space of a few days.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Salt Lake Potash deal ready to land; offshore buyer in box seat
ASX-listed Salt Lake Potash, which has been up for sale since February, has finally found a new owner to take the keys.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
May 2022
EMR Capital checks out Salt Lake Potash; first round bids near
Resources specialist private equity firm EMR Capital is understood to be one of the suitors weighing up bids for Salt Lake Potash.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
March 2022
Salt Lake Potash auction almost ready to roll
Tyrekickers interested in taking a look have been told to expect the preliminary data room to open by Monday.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2022
Salt Lake Potash receiver hunts for buyer; MacCap mandated
Four months after KordaMentha took the keys at Salt Lake Potash, it has finally kicked off a buyer search with Macquarie Capital’s bankers in tow.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
November 2021
So much conflict at Salt Lake Potash
It’s a delicate practice, fund managers holding PA investments in stocks their funds are also invested in.
- Joe Aston
October 2021
KPMG details history with Salt Lake Potash
KPMG spent two months on the scene at failed potash hopeful Salt Lake Potash, before it was tapped as the company’s administrator.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Taxpayers’ potash punt in peril
The collapse of the company that sought to pioneer Australia’s potash industry has put the spotlight on almost $1 billion of federal taxpayer loans to the sector.
- Peter Ker
Salt Lake Potash hits the skids, KordaMentha called in
Restructuring firm KordaMentha has taken the keys at ASX-listed sulphate of potash company, Salt Lake Potash.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Lender of last resort or money Pitt?
Taxpayers already lend billions to the mining and energy sector through multiple agencies, and one potash aspirant is showing it’s not always money well spent.
- Peter Ker
Salt Lake Potash begs for one last chance
Battle weary investors in the potash aspirant are being asked to stump up more money in the hope production can start before debt repayments are due.
- Peter Ker
July 2021
Teething problems for Australia’s potash pioneer
Australia’s first sulphate of potash producer has struck problems at its outback salt lake and looks set to tap shareholders for funds.
- Peter Ker
June 2021
A new dawn for Australia’s potash pioneers
Australia’s first sulphate of potash mine will start production this week and five local mines could be producing the specialty fertiliser inside four years.
- Peter Ker
November 2020
Cashed-up explorers are ready to spend
Low interest rates and high gold prices are tempting investors to fund high-risk exploration in the mineral and petroleum sectors.
- Peter Ker
August 2020
Salt Lake Potash hunts for $98.5m to take potash project to production
Salt Lake Potash has launched a capital raising to fund its Lake Way salt lake project all the way through to production.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
