EARLIER this year, ICL UK announced the next phase of its restructuring, which will see an end to muriate of potash (MOP) production in the UK.
The programme will advance the transitioning of MOP production to ICL’s polyhalite product, polysulphate.
With a more competitive MOP market, low prices, dwindling resources and economically unfeasible extraction at weaker prices, ICL UK has taken the decision to scale down its 700,000 tonnes per year MOP output from 2017-2018.
ICL has said that the change will free up UK production capacity to the benefit of polysulphate production, which is due to reach one million tonnes per year by 2020.
Also, Sirius Minerals has announced updated financing plans for the North Yorkshire polyhalite project, which, once approved, will comprise a debt facility of up to US$2.6bn (£1.9bn).
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