Dampier Salt agrees to sale of Lake Macleod operation to Leichhardt

16 January 2024

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’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.

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations,
United Kingdom
Matthew Klar
M +44 7796 630 637
David Outhwaite
M +44 7787 597 493

Media Relations, Australia
Matt Chambers
M +61 433 525 739
Jesse Riseborough
M +61 436 653 412
Alyesha Anderson
M +61 434 868 118
Michelle Lee
M +61 458 609 322

Media Relations, Americas
Simon Letendre
M +1 514 796 4973
Malika Cherry
M +1 418 592 7293
Vanessa Damha
M +1 514 715 2152

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

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 43, 120 Collins Street
Melbourne 3000
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404


C ategory - General

Source: Rio Tinto