Australia’s SO4 Exports Potash From Billionaire’s Lake Way Site

SO4, the Australian potash producer owned by Czech billionaire Pavel Tykac, said it made its first commercial shipment overseas and plans to become a major exporter of the fertilizer.

The company’s Lake Way Sulphate of Potash project in Western Australia targets annual production of more than 200,000 metric tons, it said in a statement Wednesday. That’s enough to meet the nation’s entire domestic demand and turn it into a global supplier, SO4 said.