News: KLL K+S Strikes 10-Year Supply Deal With Australia's Kalium Lakes

March 25 (Reuters) - K+S SDFGn.DE :

• TO PURCHASE UP TO 90,000 TONNES OF FERTILIZER POTASSIUM SULFATE (SOP) PER YEAR UNDER 10-YEAR AGREEMENT WITH AUSTRALIA’S KALIUM LAKES (KLL)
• DEAL GIVES IT EXCLUSIVE ACCESS TO FIRST SOP PRODUCTION IN AUSTRALIA
• KALIUM LAKES (KLL) TO DEVELOP UNDERGROUND BRINE DEPOSIT IN PILBARA REGION OF WESTERN AUSTRALIA
• FINAL INVESTMENT DECISION BY KALIUM LAKES (KLL) WILL BE TAKEN IN Q2 2019
• FIRST SIGNIFICANT QUANTITIES OF SOP EXPECTED BY THE END-2020 OR EARLY 2021
• DEAL DOES NOT REQUIRE K+S TO COMMIT CAPITAL

(Berlin Speed Desk) (([email protected]; +49 30 288 85 126;))