Potash

Mining Weekly reported that an independent report from Argus FMB has found that Highfield Resources’s (ASX:HFR) Muga project in Spain is expected to help position the company as the highest margin potash producer in the world.

Mining Weekly reported that an independent report from Argus FMB has found that Highfield Resources’s (ASX:HFR) Muga project in Spain is expected to help position the company as the highest margin potash producer in the world.
As quoted in the publication:

A 2015 optimised definitive feasibility study estimated that the Muga project could deliver more than one-million tonnes a year of granular potash, over a mine life of 47 years.
The project was estimated to have a net present value of $1.46-billion, with a Phase 1 capital expenditure of €267-million.

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