Dampier Salt agrees to sale of Lake Macleod operation to Leichhardt
January 15 2024 - 3:44PM
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’s Managing Director Port, Rail & Core Services,
Richard Cohen, said “The 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.
“Until the completion of the sale, the Dampier Salt leadership
team’s focus will be on safety, delivering on plan, and maintaining
respect for all people at Lake MacLeod and in the Carnarvon
community.
“We are pleased Leichhardt has committed to retaining all Lake
MacLeod employees, ensuring continuity of operation and providing
job stability to the 130-strong workforce.”
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 Rio Tinto (68%),
Marubeni Corporation (22%) and Sojitz (10%).
It is the world’s largest exporter of seaborne salt with annual
production capacity of approximately 10 million tonnes.
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