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Highfield Resources agrees salt offtake MoU from Muga mine

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World Fertilizer,

Highfield Resources has signed a non-binding memorandum of understanding (MOU) for the annual sale of salt produced from the Muga potash mine in Spain between Maxisalt-Pardira Premium S.L. and Geoalcali S.L.U., Highfield’s wholly-owned Spanish subsidiary.

Under the MOU Highfield would provide Maxisalt up to a total of 500 000 tpy of salt comprising 400 000 t of vacuum salt, a higher value product, and 100 000 t of de-icing salt.

Salt is produced as a by-product of the processing of potash. The sale of salt contributes economically, providing a by-product credit that benefits the Muga project’s financials. In addition salt sales will help maintain the low environmental footprint of the Muga mine and will assist in ensuring full compliance with environmental conditions, including the removal of all salt from surface as part of rehabilitation of the mine site post potash production.

Highfield continues to engage in ongoing offtake discussions with other potential wholesale customers, distributors and global traders for the entire production capacity of muriate of potash and salt from the Muga mine.

Highfield Resources Chairman and Acting CEO, Richard Crookes, said: “The signing of a salt offtake MOU with Maxisalt is another very important step in Highfield’s commercialisation strategy. Maxisalt has developed a key global network and the location of our Muga mine is perfectly positioned to service Maxisalt.

In addition to this MOU being economically significant, it also reinforces our strong ESG focus of maintaining a low environmental footprint at Muga. Responsible removal of salt is a key element in rehabilitating the Muga mine site after production.”

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