Conventional and Solution Mining Due Diligence
RESPEC was part of the due diligence team who reviewed the 14 sites that were part of the $3.2-billion K+S sale of Morton Salt to Kissner transaction. These included conventional underground salt mines, a surface mine, and solution brine evaporation facilities. A team of over 20 engineers and geologists completed the review and conducted site visits to the various sites. RESPEC’s role in the due diligence focused on verifying resources and reserves, geotechnical issues associated with the mines, shaft and infrastructure conditions, mine operations, mine development plans, and cost structures. RESPEC also reviewed the terms and conditions included in the Purchase and Sale Agreement. The Kissner team was the successful bidder of a group of five well-known industrial chemical companies.
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