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Taxpayers face $83m loss in another potash collapse

Peter Ker
Peter KerResources reporter
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More than $83 million of taxpayers’ money was in doubt on Friday after sulphate of potash aspirant Kalium Lakes collapsed into receivership.

Restructuring firm McGrathNicol took control of ASX-listed Kalium on Friday after the potash aspirant failed to find further financial support for its slower-than-expected development at Beyondie Lakes in Western Australia.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/companies/mining/taxpayers-burned-by-another-potash-collapse-20230804-p5du1t