Emmerson Plc, the Moroccan focused potash development company, has announced the results from the socio-economic study for its Khemisset Potash Project in Morocco which provides measurable and verifiable confirmation of the significant benefits that the project will deliver at a local, regional and national level.
- A total of 2385 direct and indirect jobs will be created during the construction of the project. Once fully operational, a total of 1500 jobs will be created with 760 being direct employees. The company is targeting to fill 90% of roles at the mine with employees living within Khemisset and the surrounding communes.
- Total investment over the life of the project is estimated to be US$2.5 billion and the company will adopt a procurement strategy to provide preferential treatment to local, regional and in country providers to maximise the benefits to Morocco.
- The economic impact of the project will increase the local GDP per capita by an estimated 40%.
- The additional tax contributions resulting from the project represent an estimated 176% of tax revenues generated locally, 5.1% regionally and almost 1% nationally.
- The study was carried out by Professor in Economics, Dr Sallem Koubida.
Emmerson CEO, Graham Clarke, commented: “We are delighted with the outputs of the study which demonstrate that the local, regional and national benefits that the project will bring are significant. Our company values are summarised by the phrase “doing the right things in the right way” so it is an important part of the company’s approach that the development of the Khemisset project has a positive impact on the local area and has a national significance which we have now demonstrated will be the case.”
The Khemisset Potash Project will have a significant positive impact on the Moroccan economy. Total project investment is projected to be US$2.5 billion over the life of mine. The project will produce over 700 000 tpy of saleable Muriate of Potash and 1 million tpy of de-icing salt. The projected mine life is 19 years, although there is potential to extend this timeframe based on the mineral resources already in place.
Read the article online at: https://www.worldfertilizer.com/phosphates/26082020/emmerson-release-results-from-khemisset-project-socio-economic-study/