3rd Dec 2021 20:13
Emmerson PLC - Khemisset potash project in northern Morocco - Says it has awarded the first basic engineering contract to Barr Engineering to build the mineral processing facility. Emmerson is moving into the pre-construction phase of development at Khemisset, which has a large JORC resource estimate of 537 million tonnes at 9.24% potassium oxide.
Further, Emmerson expects to select the further contractors for the balance of basic engineering before the end of 2021, signing contracts before the end of January 2022.
Chief Executive Officer Graham Clarke: "The financing deal we secured with GSM and GQC included an upfront cash injection so that we could advance the next stage of the project's development, the basic engineering. This is part of the upfront capex, rather than an additional cost, and moves us firmly into the pre-construction phase. Having already signed the contract with Barr Engineering for the Mineral Processing Facility, we have also received bids for the balance of the Basic Engineering aspects of the project, comprising highways connection and site access; portal and declines; mine site infrastructure; tailings storage facility; electrical power; and water,"
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By Arvind Bhunjun; [email protected]
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