Company Overview and News
Black Rock Mining (ASX:BKT) has decided to upgrade its pre-feasibility study to incorporate the recently delineated high grade portion of the Cascades deposit at the Mahenge graphite project located in Tanzania.
Highfield Resources Ltd (ASX:HFR) has signed a non-binding memorandum of understanding with Cargill, Inc. to assess the viability of salt sales into the US market from its Muga potash mine in northern Spain. High purity salt will be a primary by-product from the mine and is suitable for industrial applications. Cargill is the largest privately held corporation in the US with sales in FY15 of $120.4 billion.
Highfield Resources Ltd (ASX:HFR) has received a Buy rating from Foster Stockbroking, with a $2.30 share price target. Highfield shares last traded at $1.43. The following is an extract from the report. Event: June quarterly released. Commentary New Managing Director appointed as Muga approaches construction phase. Peter Albert appointed as Managing Director and CEO, effective from 1 September. Anthony Hall, HFR’s current Managing Director, will step down during a transitional period as Muga approaches the all - important construction phase, requiring a different managerial skill set.
Highfield Resources Ltd (ASX:HFR) has signed non-binding offtake agreements with fertiliser traders covering more than 100% of expected phase one production from its flagship Muga potash mine in northern Spain. The traders include three globally recognised fertiliser trading companies Keytrade AG, Ameropa AG and Trammo Inc. The offtake agreement will cover up to 600,000 metric tonnes of K60 Muriate of Potash (MOP) per annum produced from Muga.
A completed scoping study by Highfield Resources Ltd (ASX:HFR) for "downstream" options for enhancing profit margins at Muga Potash mine found that a Sulphate of Potash fertiliser (SOP) operation would materially enhance profit margins of the overall project. The approvals process is nearing completion for Highfield’s Muga Potash Mine in Spain, providing a window to evaluate downstream processing that would boost profit margins and diversify its product offering.
Highfield Resources Ltd (ASX:HFR) has appointed proven mine builder Peter Albert as the new chief executive officer of the company to lead the transition from potash developer to a producer at its Muga potash mine in northern Spain. The appointment will take effect from 1 September 2016. The current managing director, Anthony Hall, will not continue into the construction phase in his current role and elected to return to Australia.
Highfield Resources Ltd (ASX:HFR) is hopeful of soon receiving an environmental impact declaration (DIA) followed by a mining concession from the Spanish government to begin construction at its Muga Potash Project in northern Spain. The Spanish central government’s Department of Agriculture, Food and Environment in Madrid (MAGRAMA) is reviewing the environmental and social impact assessment of the project.
Spanish potash company Highfield Resources Ltd (ASX:HFR) has been featured in a Navarran newspaper with the development of its potash projects, covering 550km2, in the potash and halite producing Ebro Basin in the Sanguesa area, Navarre Province in northern Spain. "A mine with 40 years of life generates great employment prospects for the region of Sangüesa." The local Navarran Government is in favour of this project as it supports the economy, while the Muga project is still pending a few approvals from the Government.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton