Highfield Resources Gets Grid Power Supply for Muga Mine

Potash Investing

Highfield Resources Ltd. (ASX:HFR) announced that it has arranged grid electricity supply for its flagship Muga potash mine in Northern Spain.

As quoted in the press release:

Under the terms of the agreement, Iberdrola has reserved up to 60 MVA of electrical supply for the Muga Mine at its Rocaforte substation adjacent to the town of Sangüesa. The substation is less than nine kilometres from the proposed Muga Mine aboveground installation (refer figure 1).
40 MVA of capacity will be used for the initial operations with 20MVA of reserve capacity designed to provide expansion options in the future.
Iberdrola is a public multinational electric utility company based in Bilbao, Northern Spain.

Highfield’s managing director, Anthony Hall, stated:

We look forward to working with Iberdrola – an important addition to the in-country partnerships we continue to benefit from as momentum builds ahead of our target to commence construction this calendar year. Being able to reserve 60 MVA of substation capacity supports our initial mine plans and our longer-term potential to expand the Muga Mine.

Click here for the full Highfield Resources Ltd. (ASX:HFR) press release.