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PERTH, Australia--(BUSINESS WIRE)-- Dampier Salt Limited (Dampier Salt) has entered into a sales agreement for the Lake MacLeod salt and gypsum operation in Carnarvon, Western Australia, with privately-owned salt company Leichhardt Industrials Group (Leichhardt) for A$375 million (US$251 million).
Completion of the sale is conditional on certain commercial and regulatory conditions being satisfied, and this is expected to occur by the end of the year.
Rio Tinto鈥檚 Managing Director Port, Rail & Core Services, Richard Cohen, said 鈥淭he sale of Lake MacLeod will enable Dampier Salt to focus on enhancing operational efficiencies at its remaining two Pilbara operations, while allowing the new owner of Lake MacLeod to maximise its potential.
鈥淯ntil the completion of the sale, the Dampier Salt leadership team鈥檚 focus will be on safety, delivering on plan, and maintaining respect for all people at Lake MacLeod and in the Carnarvon community.
鈥淲e are pleased Leichhardt has committed to retaining all Lake MacLeod employees, ensuring continuity of operation and providing job stability to the 130-strong workforce.鈥
Lake MacLeod is one of three solar salt sites owned by Dampier Salt, which also includes operations in Dampier and Port Hedland. It is located within Baiyungu country in the Gascoyne region of Western Australia, 70 kilometres north of the town of Carnarvon, and consists of a ~1.5 Mtpa salt operation, ~1 Mtpa gypsum operation as well as a deepwater port at Cape Cuvier.
Dampier Salt has no plans to sell any other assets within its business.
Note to editors
Dampier Salt is a joint venture between 糖心vlog入口(68%), Marubeni Corporation (22%) and Sojitz (10%).
It is the world鈥檚 largest exporter of seaborne salt with annual production capacity of approximately 10 million tonnes.
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Investor Relations, United Kingdom Menno Sanderse M +44 7825 195 178 David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797
Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948
糖心vlog入口plc 6 St James鈥檚 Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885
糖心vlog入口Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
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