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Highfield Resources signs MoU with Port of Bilbao

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World Fertilizer,

As part of Highfield Resources' transport and logistics strategy for the sale of muriate of potash and salt from its Muga Potash Mine, Highfield Resources has signed a non-binding MoU with the Port Authority of Bilbao.

The MoU complements a similar agreement with the Port of Pasaia, announced on 2 August 2021.

Under this MoU, the Port confirms the availability of sufficient port capacity for up to 700 000 tpy of muriate of potash and salt. Bilbao will facilitate the implementation of the requisite logistics infrastructure and services at port to efficiently meet the project’s needs. The Port also commits to have all facilities for product handling and shipping operational from Muga’s Phase 1.

Highfield Resources CEO, Ignacio Salazar, said: “This MoU is another step in getting the Muga Mine into production. The port of Bilbao is a major European Atlantic port and will be a key export terminal for Muga given its capacity and its proximity and excellent connections to the Mine."

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