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Taxpayers’ potash punt in peril

Peter Ker
Peter KerResources reporter
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The $920 million of taxpayers’ funds pumped into the creation of a domestic potash industry faces greater scrutiny after receivers were appointed to the company that looked set to pioneer the industry just four months ago.

The spectacular unravelling of ASX-listed Salt Lake Potash was completed on Wednesday afternoon, when the company appointed KPMG as administrators, only for creditors to immediately appoint Korda Mentha as receivers.

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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-potash-punt-in-peril-20211020-p591oo