The funds, which are composed of a $240 million placement, a $100 million convertible note, and a share purchase plan, will help get its Mardie salt and potash projects up and running.
Alongside AustralianSuper will be Kerry Stokes’ Wroxy Pty Ltd – part of the billionaire’s Australian Capital Equity – which should see it keep its stake at almost 37 per cent.
Senior investment banker Wayne Kent has resigned as vice chairman of Credit Suisse Australia to focus on his personal investments and other business interests.