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Australian SOP company Agrimin signs second off-take agreement

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Owner of the Mackay Potash project, Agrimin has signed a 115,000 tonnes/year sulphate of potash (SOP) off-take agreement with Nitron Group.

The 7-year deal secures the supply of SOP for sale and distribution in Latin America, Mexico, the Caribbean and Africa.

The company says the deal represents approximately 25% of Agrimin’s planned SOP production of 450,000 tonnes/year.

Nitron is a global trader of fertilizers with offices in 15 countries, including leading positions in Africa and Latin America.

The agreement means that Agrimin has now committed 60% of its planned SOP production. This is the company’s second off-take agreement. The first was for 150,000 tonnes/year, signed in May 2021 with Sinochem Fertilizer Macao Ltd, a subsidiary of China’s main potash importer Sinofert Holdings Ltd.

In May 2020, Agrimin announced that its Mackay Potash Project in Western Australia had been granted Major Project Status by the Australian Government.

When announcing the agreement with Nitron, Agrimin’s CEO Mark Savich said: “This is an exciting start to what will be a very active year for Agrimin as we now finalise multiple workstreams and rapidly advance our Tier 1 Mackay Potash Project to a final investment decision.”

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