Potash

The consolidation of permits comes under Morocco's new mining code, which was implemented in 2015.

The company has responded to the current weak demand for potash by reducing production by up to 300 000 t.

The company expects to reduce its total output of potash by approximately 350 – 500 000 t.

The company received credit approval for a US$200 million senior debt facility earlier this year.

The shutdowns are at the company's Allan, Lanigan and Vanscoy potash mines in Saskatchewan, Canada.

Highfield is to provide Ameropa up to 250 000 tpy of muriate of potash (MOP) from its Muga potash mine in Spain.

Hayden Locke, CEO, said that the completion of metallurgical testing at the company's Khemisset potash project in Morocco earlier this year was a "significant de-risking milestone" for Emmerson.

The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.

Weaker global demand and falling prices were cited by Ivan Golovaty, chief executive at state-owned miner Belaruskali, for reducing production.

Major Project Status is the Australian Government's formal recognition of the national strategic significance of a project, through its contribution to economic growth, employment, or contribution to regional Australia.

The project includes development of the company's KL262 property and a proposed 3.25 million tpy solution potash mining operation in Saskatchewan, Canada.

Final geochemical assays are expected in coming weeks, which will allow an updated geological model and JORC Mineral Resource Estimate to be completed prior to the end of October 2019.

The company's revenue increased by 10% y/y to US$1543 million during 1H19.

Andrey Maruta has been appointed as Chief Financial Officer of the company, effective from 23 September 2019.

Upon receipt of funding and completion of detailed engineering, the company will be in a position to begin construction in 2020.