Emmerson Plc, the Moroccan focused potash development company, has announced the receipt of the mining licence (ML) for its 100% owned Khemisset potash project from the Moroccan Ministry of Energy, Mines and the Environment. The ML provides the company with the exclusive right to develop and mine the potash deposit, within the perimeter of the ML, in the Khemisset basin ahead of the anticipated initiation of construction by the end of 2021.
The grant of the ML follows a successful application process including the submission of a proven, JORC compliant, ‘Mineral Resource Estimate’ (MRE) and the confirmed technical and economic viability of the project, which was satisfied by the feasibility study.
Importantly, the ML encompasses the full resource base allowing simple expansion of the operations in the future without the requirement to re-permit.
Graham Clarke, Emmerson’s CEO, commented: “This is another major milestone in the development of what is to become the first large scale potash mine in Africa. We are grateful to the Ministry that provided considerable support, greatly assisting us throughout the application process.
“By producing up to 800 000 tpy of potash, for export or domestic consumption, Khemisset is forecast to deliver considerable economic benefits to our stakeholders including an anticipated 1% increase to the national tax revenues of Morocco. At the local level, the benefit to our stakeholders is even more important, with an estimated 40% increase to the local area GDP.
“We are all extremely proud to have achieved this most recent milestone, with the help of an expert team focused on putting this potash mine into production. I want to thank our hosts in Morocco and all the key members of the Emmerson team who have worked hard to deliver this well ahead of our original timeline.
“We continue to make strong progress with our financing discussions, including engagement with several potential equity funding partners, and we look forward to delivering updates on this in the near future.”
Read the article online at: https://www.worldfertilizer.com/potash/09022021/mining-license-approved-for-emmersons-khemisset-potash-project/
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