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Highfield Resources announces increase in NPV for Muga project

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World Fertilizer,

Highfield Resources has announced a significant upgrade in the financial metrics for its Muga potash project in Spain, raising its net present value (NPV) by nearly 70%.

A number of enhancements were made to the planned design of the process plant and mine, improving grade, environmental outcome and project financials, with an NPV8 and IRR of €1.97 billion and 25%, respectively (from €1.16 billion and 23%, respectively).

The enhancements have also resulted in an increase in the project's CAPEX, from €541 million to €576 million.

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Fertilizer project news