Results from record-breaking mining company says it is on track to be ‘world leader’

Malcolm Mewett, Vice President and General Manager at ICL Boulby said the results “demonstrate that we continue to progress in establishing our position as the world leader in developing the potential of Polysulphate.”

He was speaking after the financial report for the three months of June, revealed that the mine achieved record second quarter Polysulphate production of 267,000 metric tonnes.

This follows on from record production figures for both the fourth quarter in 2022 and first quarter of this year.

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In February the company had said that with Polysulphate-based products recording increased annual sales, Boulby saw its annual production increase by 21 per cent to 953 thousand tonnes. 

The company recorded an increase of 44 per cent in group consolidated sales and operating income up by 194 per cent.

Now with these latest results, Mr Mewett said: “Once again this demonstrates that we are continuing to move forward in building a firm future for Boulby.

“Following on from our strong performance in 2022, when our production rose by 21 per cent, and underlining the increasing importance of our products in meeting the needs of farmers and growers in many different countries.”

ICL Boulby became the world’s first and only producer of the multi-nutrient mineral polyhalite—marketed ats Polysulphate—after making the transition from potash which it had been mining for over 40 years.

It is now sold across five continents and is the only commercial source of the mineral which provides a unique combination of sulphur, potassium, magnesium and calcium.

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