Muga potash project. The update outlined .

Muga potash project The Company’s flagship project is the Muga Project (“Muga”) which covers an area of some 80km 2 in the . Mar 31, 2022 · Potash developer Highfield Resources has secured a €312. Sep 10, 2021 · Highfield Resources Ltd (ASX:HFR) made considerable progress during the half-year ending June 30, 2021, in driving its flagship Muga Potash Project in Spain towards the construction phase. Highfield Resources is led by CEO Ignacio Salazar and has been advancing the project since 2014. 9 Mt at 10% K 2 O. After significant progress, now fully permitted and construction ready, with access to all the project land and a much higher level of confidence in the Capex estimate, the Muga Potash mine stands out with a value of €1. May 5, 2022 · According to the updated feasibility study, the Muga-Vipasca potash project is estimated to cost €607m for development. Dec 11, 2019 · Highfield Resources Ltd (ASX:HRF) remains focused on securing mining concession and construction permits to advance the Muga Potash Project in Spain towards the construction phase. The collaboration with Beijing Energy reinforces our commitment to Dec 29, 2014 · Muga Potash Project The Company´s 100%-owned Muga Potash Project is targeting the relatively shallow potash (sylvinite) beds in the combined Muga-Vipasca Project that covers an area of more than 110km2. With the demands on agriculture all over the world continuing to grow in line with population, the demand for higher-yielding crops from reduced arable land will remain a global focus May 6, 2021 · Highfield has already signed non-binding MOUs representing more than its full phase-1 production capacity for potash and salt. Sep 24, 2024 · Highfield Resources’ (ASX: HFR) has signed equity agreements with Yankuang Energy Group, Beijing Energy International and Singapore Taizhong Global Development to deliver the remaining funding for Phase 1 development of its Muga potash project in Spain. Project Description An update on the Muga feasibility study Jul 4, 2022 · Highfield hopes to have landed US$24 million equipment operating lease facility for Muga project Highfield progresses Spanish Muga potash project - Mining Journal Nov 8, 2023 · “We are delighted to announce the updated Feasibility Study for the Muga Project. following a “robust” tendering process. May 31, 2023 · The Muga Project contains over 250 million tonnes of high-grade potash mineralization and is located in the potash-rich Ebro Basin, close to key infrastructure like roads, rail, power and ports. Nov 11, 2022 · The project proposes the delivery of about one-million tonnes a year of muriate of potash. Unlock hidden opportunities in the Mining industry. Jan 31, 2025 · Highfield Resources Ltd has acknowledged the continued commitment of the Government of Navarra and the Spanish authorities to the Muga Potash Project, including proactive efforts to resolve a procedural matter related to the Goyo Mining Concession. It covers about 46 square kilometres in the provinces of Navarra and About the Muga Potash Project. 5-million financing package to help fund the construction of its Muga potash project, in Spain. The report provides a Feb 3, 2025 · Highfield Resources, a potash-focused mining company, is making significant strides in Spain's industrial development with its ambitious Muga Potash Project. Dec 27, 2023 · Highfield Resources to advance Muga Potash Project with US$6 million investment December 27, 2023 Highfield Resources Ltd (ASX:HFR) has secured a US$6 million (~A$8. Muga-Vipasca Potash Project (“Muga” or the Feasibility Study (“FS”) that re“Project”) confirms the compelling economics of the Project. Muga Project financing Muga Potash Project Highfield’s flagship potash project spans roughly 60 square kilometres across Spain’s Navarra and Aragón regions and is poised to become the next major European potash mine. HOUSTON (ICIS)–Highfield Resources announced it has entered into binding agreements with several parties which would provide the remaining funding needed for the Muga potash project in Spain and transform the firm into a globally diversified potash company. Jan 28, 2023 · Highfield Resources Ltd (ASX:HFR) is a potash company that focuses on its flagship low-cost, low-capex Muga Project in Spain. HOUSTON (ICIS)–In an update on its Muga potash project financing, Highfield Resources announced it has submitted a formal request to its lenders to amend some terms and seek waivers within the binding agreement with Yankuang Energy Group and commence construction. The potash company spent the June quarter Nov 16, 2023 · Highfield Resources - at a glance Highfield Resources is a Spanish potash developer. Moreover, recent events in Russia and Belarus have increased the awareness of the strategic value of the Muga project for both Spain and the European Union. Promisingly, the company completed the final steps to secure mining concessions covering the Fronterizo, Muga and Goyo areas, which make up the Muga Project. During the quarter, the company continued to engage with traders, potential offtake partners and logistics partners which are interested in a more strategic participation in the project. A recent mining concession application included an improved mine plan consisting of two declines for underground mineral extraction and two 400 tonne per hour processing Jul 26, 2021 · Highfield Resources Ltd is preparing to move into the construction phase at its flagship Muga Project in Spain after closing out the 2021 financial year. Net present value using 2019 price assumptions has been trimmed from €1. Oct 3, 2024 · That US$11 million was part of a US$220 million financing deal struck with Yankuang Energy Group Co Ltd and strategic investors to fund the Muga Phase 1 project — a construction-ready potash Muga Project Overview Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spanish potash developer. Transaction Documents) entered into by the Company in relation to (i) the acquisition by HFR (Vend-in or Southey Vend-in) of the Southey potash project in Saskatoon, Canada (Southey), owned by Yancoal Canada Resources Holding Co. The Project Economics of the Feasibility Study have been updated while maintaining the same Mineral resources and Mine Plan as presented in the 2021 Muga Feasibility Study Update (refer ASX release 7 Jul 26, 2021 · The potash company spent the June quarter completing the final steps to secure mining concessions covering the Fronterizo, Muga and Goyo areas, which make up the Muga Project. 9 million) investment in the form of convertible notes with funds to advance the Muga Potash Project toward development and production. Situated in the Navarra region, this groundbreaking initiative represents a substantial investment in Spain's mining infrastructure, estimated at a total of €700 million. 8 billion. The equity deal is due to be completed in early 2025, with Highfield seeking to raise as much $15 million in the interim to support project activities. The licences for the mine gate and the process plant construction have been issued by the local town halls, or councils, of Undués de Lerda and Sangüesa in Navarra, respectively. Looking ahead, Highfield intends to negotiate a construction agreement with its preferred construction partner, Acciona, and progress financial discussions to secure debt Mar 12, 2024 · Highfield Resources has announced the award of the contract for the construction of the declines and underground mining infrastructure at the Muga-Vipasca Potash Project (Muga or the Project) to the joint-venture formed by EPOS-Empresa Portuguesa de Obras Subterráneas S. Mineralisation in the potash beds commences at depths from surface of less than 200m and appears ideal for a relatively low- Sep 26, 2024 · Muga is Highfield’s flagship project, and the company believes it is one of the most competitive potash projects globally. Conventional Underground Room and Pillar mining. See full list on mining-technology. Of Muga's four major potash projects, this is its flagship project. https://www. com Highfield Resources (ASX:HFR) announced that it has entered into binding agreements with several companies for a transaction centred on its transformation into a globally diversified potash May 26, 2023 · The plan proposes the delivery of about one-million tonnes a year of muriate of potash – Phase 1 and Phase 2 will both produce 500 000 t/y – over a mine life of 30 years, comprising about 18 Mar 12, 2024 · EPOS-TUNELAN joint venture will undertake key infrastructure build for the Muga-Vipasca Potash Project. Sep 24, 2024 · Ltd (Taizhong), in relation to a transaction which is expected to transform Highfield into a globally diversified potash company and deliver the remaining funding for Phase 1 of the Muga potash project. Mine production is planned over 2 phases. 7. Jun 27, 2022 · The Muga project is located in the heart of a European agricultural region which Highfield said has a clear deficit in potash supply. Highfield managing director Ignacio Salazar said the transactions were expected to fully fund the construction-ready Muga project and transform Highfield into a globally diversified potash company with projects in tier-1 jurisdictions. Muga Potash Project. The update outlined May 4, 2022 · Highfield Resources Ltd (ASX:HFR) says it is delighted construction activities are underway at the Muga potash project, in Spain, which is forecast to be one of the highest margin potash mines in Jun 30, 2022 · Initial construction work starts at the Muga Mine after receiving the construction licence in Aragón with the investor call to be held on Thursday 30 June 2022 at 3:00pm AEST. of €1. The contract for construction of the Civil Works and Urbanization for the Muga Project has been awarded to Acciona Construcción, S. Project Description An update on the Muga feasibility study has reconfirmed the Sep 26, 2024 · These agreements are designed to provide the remaining funding for the Muga potash project and to facilitate the acquisition of the Southey potash project in Saskatchewan, Canada. 14. areas within the Muga project due to their lack of geological interest. Muga is a unique project – with shallow mineralization with no aquifers above it there is no need to build a shaft. 5% K 2 O; and a probable reserve of 58. Similar to any commodity, potash prices are market dependent and the projected returns for the Muga project are most sensitive to changes in potash prices. Jul 1, 2022 · Highfield Resources has received a licence to build the mine gate and two underground declines at its flagship Muga potash project. , Ltd (YCor Yancoal Canada) (an Mar 5, 2021 · Highfield Resources has announced that the Observatorio de la Realidad Social, a social department of the Government of Navarra, has released the Social Baseline Study of the Muga mine, which concludes that the Muga potash mine represents a significant positive socioeconomic potential for the local region. Sep 24, 2024 · The investment will finance the first phase of the Muga project and provide general working capital, it said. 6m ($317. Buy Report View Sample. Muga-Vipasca is one of the most competitive potash projects globally. The company has requested amendments to the facility’s terms and waivers in the context of a binding agreement with Yankuang Energy Group Co. 3 Mt at 10. 82 billion and 24% IRR (post tax) • EBITDA of approximately €340 million per annum at full production • Mar 12, 2024 · Highfield Resources has signed an agreement with the Portuguese/Spanish joint venture, EPOS-TUNELAN, to carry out the declines and underground mining infrastructure on the Muga-Vipasca potash project in Spain. Sep 25, 2024 · Muga is a hard rock underground project. L. Jan 30, 2025 · Individual news pages. ( Geoalcali ) (which owns the Muga Muriate Nov 30, 2024 · Critically, Highfield’s buy-in to the Southey project and the equity package for the Muga project are inter-conditional. , Ltd (Yancoal Canada), a subsidiary of Yankuang Energy. Answer in writing. With construction already underway, the mine is expected to begin production in the coming years. The project is as well as Muga being the next European potash mine reinforces both the compelling strategic nature and the status of the Project. com. Oct 24, 2022 · HOUSTON (ICIS)–Spanish fertilizer firm Highfield Resources announced it has received credit approvals for project financing of up to €320. ” Mine plan . Sep 26, 2024 · Highfield Resources - at a glance Highfield Resources is a Spanish potash developer. Jul 5, 2021 · Highfield Resources has announced that on 1 July 2021 the mining concessions for the Muga potash project, namely Fronterizo, Muga and Goyo, were approved and signed by the three administrations in Madrid, Aragón and Navarra respectively. The Muga project, Highfield’s main asset, has a planned annual potash production capacity of 1 million tonnes and will be built in two phases. Being developed in phases, the project is expected to have a production capacity of 500,000tpa in the first phase. Table 1 Audited SRK Mineral Resource Statement for the Muga Potash Project Deposit The Vipasca Exploration Target as released on 19th June 2015 has a range of tonnage of 127 million Jun 30, 2022 · The project aims to provide a stable potash supply, especially crucial given the current geopolitical instability affecting potash availability in Europe. The company’s potash tenements Muga-Vipasca, Pintanos and Sierra del Oct 15, 2018 · The Muga Potash Project Mineral Resource Estimate in Table 1 is as per the ASX announcement released on the 10th October 2018. 3 Mt at a mean grade of 10. Sep 26, 2024 · As part of the deal, Highfield's construction-ready Muga Phase 1 project is expected to be fully funded. Oct 23, 2024 · The Muga Potash Mine, located in northern Spain, is Highfield's flagship project. Highfield Resources (ASX:HFR) is working with the Navarra government and Spanish authorities to resolve a procedural matter related to the Goyo mining concession at its flagship Muga potash project. $75. Chinese state-controlled coal giant Yankuang Energy is set to become the majority shareholder in ASX-listed prospective potash producer Highfield Resources in a proposal that would also secure the remaining funding for the first phase of Highfield's Muga potash project in Spain. Jun 24, 2022 · The Muga project is located in the heart of a European agricultural region which Highfield said has a clear deficit in potash supply. Southey is wholly owned by Yancoal Canada Resources Co. Published: November 13, 2023 Report Code Jun 5, 2020 · Highfield Resources Ltd highlighted the environmental and sustainability measures achieved at Muga Potash Project in Spain in the company's 2019 sustainability report. Jul 29, 2021 · The Muga project: building a potash mine between Navarre and Aragon. Moreover, recent events in Russia and Belarus have increased Highfield Resources Limited (ASX:HFR) has signed principal credit facility in relation to its previously announced senior secured project financing facilities for the company’s 100% owned Muga Potash Project in Spain. miningweekly. A potash developer listed on the ASX (HFR) with projects in Northern Spain . Este proyecto parte de unos estudios realizados en la década de los 80 que Geoalcali ha completado con otros nuevos. Highfield Resources Ltd continues to progress a Senior Secured Project Finance Facility originally signed in December 2022 to advance the Muga Potash Project in Spain into development. The Company’s flagship project is the Muga Project (“Muga”) which covers an area of some 80km 2 in the Jun 27, 2022 · Highfield Resources has secured a licence to build the mine gate and two underground declines at its Muga potash project in Spain. Muga is fully permitted: Environmental, mining concessions, and construction licenses obtained. U. It is forecast to produce 500,000tpa of potash for European fertiliser markets and is expected to be one of Sep 24, 2024 · Diversified potash company. Question for written answer E-003589/2021 to the Commission Rule 138 Dec 12, 2022 · The company, which is focused on the construction of its flagship low-cost, low capex Muga Potash Project in Spain, received firm commitments from institutional, sophisticated and professional investors, with the oversubscribed placement gaining strong support from new and existing shareholders, including high-quality institutional investors Dec 9, 2021 · The company says it is robust enough to cope with lower prices, and has the lowest capital intensity of any potash project in the world. Highfield Resources Ltd is progressing with the approvals process for its Muga Potash Project in Spain’s potash producing Ebro Basin. 9 million) investment in the form of convertible notes with funds to advance the Muga Potash Project toward development and Mining companies and organizations involved in the extraction and production of potash may require the services of Muga Potash Project drilling to locate and exploit potash deposits. Jul 24, 2024 · Overview of Southey Potash Project. Muga has shallow mineralisation and no aquifers above it, which removes the need to build a shaft. Nov 23, 2021 · Highfield Resources (ASX: HFR) ('Highfield' or 'the Company') is pleased to announce the results of an independent technical review undertaken by SRK Consulting (UK) Limited ('SRK') of the updated Ore Reserve estimate ('ORE') and Exploration Target prepared for its flagship Muga-Vipasca Potash Project ('Muga' or the 'Project'). 97 billion to €1. Oct 28, 2022 · Highfield Resources has secured credit approvals from a syndicate of four international finance institutions to fund the development of the project. The 26-month contract involves building two parallel declines and associated underground structures, focusing on using local personnel for construction teams. There is quality and readily accessible infrastructure already in place in the region, and importantly, Muga lies at the heart of a European agricultural region which has a clear deficit in potash supply. Potash sold by the larger producers to the larger consumers in Asia is currently trading in the low $200/mt range. It is fully permitted and construction-ready. Jul 1, 2021 · Pamplona, near the Muga Project site Muga Mine. Apr 7, 2023 · Muga potash project. Location About 50 km to the south-east of Pamplona, Spain. The global response model added significant value by providing potash expertise and a very competitive hourly rate. The second phase will increase the production capacity of the project to one million tonnes a year. Declines accessing shallow mineralisation. The Company’s flagship Muga Project (“Muga” or “the Project”) is targeting the relatively shallow sylvinite beds in the Muga Project 2area that cover about 60km in the Provinces of Navarra and Aragon. Nov 25, 2021 · The updated ORE (which has an effective date 31 October 2021) is 104. Nov 8, 2023 · Highfield Resources Ltd (ASX:HFR) has reconfirmed the compelling economics of the Muga-Vipasca Potash Project in northern Spain in a 2023 update to its feasibility study (FS). A. Outstanding project economics include: • NPV. Apr 30, 2024 · Highfield Resources Ltd (ASX:HFR) has awarded a contract for the construction of civil works at the Muga-Vipasca Potash Project in Spain. Fertilisers such as potash play a fundamental role in the agriculture industry, helping plants thrive and resulting in better yielding and more consistent crops. Muga is a two phase project which will produce a total of 1 Mtpa of Jan 28, 2025 · Highfield aims to raise US$220 million in equity capital from Yankuang and other strategic investors, with the funds to fully finance the Muga Phase 1 potash project and facilitate the acquisition Jul 22, 2024 · Highfield Resources Ltd (ASX:HFR) is on its way to becoming a globally diversified potash company, having entered into a non-binding letter of intent for cooperation with leading Chinese energy Sep 11, 2020 · Highfield Resources Ltd is progressing with the approvals process for its Muga Potash Project in Spain’s potash producing Ebro Basin. View article Of Muga's four major potash projects, this is its flagship project. During the first half of 2020, the company’s subsidiary Apr 29, 2024 · Highfield Resources Ltd (ASX:HFR) has awarded a contract for the construction of civil works at the Muga-Vipasca Potash Project in Spain. “Over the life of the project, Hatch and Hatch Indisa personnel were not only very responsive but also helpful and reasonable in their approach to the many changes that occurred. Conventional Flotation and Crystallisation processing. Highfield’s flagship Muga Project (“Muga” or “the Project”) is targeting the relatively shallow sylvinite beds in the Muga Project area that covers about 46km2 located in the Provinces of Navarra and Aragón. . Southey is a greenfield potash mine project located approximately 60 km north of Regina, Saskatchewan, Canada, a leading global potash mining jurisdiction. View article Jul 19, 2024 · HOUSTON (ICIS)–Spanish fertilizer firm Highfield Resources has entered a non-binding letter of intent for cooperation with Yankuang Energy Group and other investors which would give the company funding for its Muga Potash project and acquisition of a greenfield development in Saskatchewan, Canada. The ASX-listed company told shareholders May 23, 2023 · Highfield estimates it will need to spend €436 million ($711 million) on building the first stage of the Muga project slated to produce 500,000 tonnes a year of muriate of potash (MOP) and then Mar 12, 2024 · Highfield Resources has announced the award of the contract for the construction of the declines and underground mining infrastructure at the Muga-Vipasca Potash Project (Muga or the Project) to the joint-venture formed by EPOS-Empresa Portuguesa de Obras Subterráneas S. The contracting strategy for the Muga-Vipasca Potash Project will employ an owner-managed project delivery model that envisages the construction of the declines and the underground mining infrastructure to be undertaken by a specialist mining contractor and the civil works by a general contractor. There is quality and readily accessible infrastructure already in place in the With the Muga Potash project and these strategic alliances, we are focused on the ambition of a sustainable future. 2021. The Southey Potash project has a high Dec 21, 2020 · Highfield resources has announced that the engineering and design of its Muga project has progressed in line with its internal plan, and the company is ready to issue all necessary documentation to its construction partner. During HAZOP and constructability workshops, a team of experts came together to optimize engineering. Muga is Highfield’s flagship project, and the company believes it is one of the most Sep 24, 2024 · Individual news pages. 89 billion, but the internal rate of return was steady at 25%, however plugging in real world spot prices boosts the Highfield Resources Ltd (ASX:HFR) is trading higher after receiving authorisation from the Government of Navarra to build on non-urbanised land, the electricity line to the mine site at its Muga Potash Project in Spain. Muga project The company will submit the Mining Concession to the Spanish authorities and continue work to secure the Mining Concession and construction permits. Geological Adjustments In Q1 2022, Highfield relinquished the Goyo Sur and Muga P. Nov 12, 2024 · Highfield’s flagship Muga Project in Spain and the recently acquired Southey Project in Canada are positioned to supply these regions with high-quality potash, meeting rising demand with Highfield Resources is an ASX listed potash company which is focussing on the construction of its flagship low cost, low capex Muga Project in Spain. Powered by . Project Owner/s Highfield Resources. Mar 16, 2020 · Highfield Resources has announced that after extensive engagement with the relevant mining authorities in Madrid, Aragon and Navarra the company submitted the Mining Concession documentation on 13 March 2020 (after market close in Australia) for its Muga potash project. The contract for construction of the Civil Works and Muga está ubicado a unos 50 km de Pamplona, dentro de los términos municipales de Undués de Lerda (Aragón) y Sangüesa (Navarra). During the first half of 2020, the company’s subsidiary Geoalcali has been focused on securing the mining concession and construction permits necessary to take the project to the construction phase. and TUNELAN-Obras Subterráneas S. 2% K 2 O and comprises a proved reserve of 45. Dec 22, 2023 · Security to be granted The Notes are secured by way of the pledge, granted in September 2023, over all of the shares and shareholder loans which the Company indirectly holds (via its wholly owned subsidiary KCL Resources Limited ACN 150 161 658 ( KCL )) in its wholly-owned subsidiary Geoalcali S. 02 Geological survey teams or consultants may also need Muga Potash Project drilling to conduct exploratory activities and assess the feasibility of potash mining Oct 28, 2022 · Name of the Project Muga potash project. I. 8. , Ltd and the Dec 27, 2023 · Highfield Resources Ltd (ASX:HFR) has secured a US$6 million (~A$8. Jan 24, 2020 · Highfield Resources has announced its plans for its Muga potash project and other tenement areas in Spain for the first quarter of 2020. Yankuang Energy is a joint stock company that is engaged in mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and intelligent Feb 16, 2015 · The Muga Potash Project targets the relatively shallow potash (sylvinite) beds in the combined Muga-Vipasca Project that covers an area of more than 110 square kilometres. 4m) to fund the construction and development of its Muga Potash project in Spain. Jan 15, 2025 · The deal is poised to transform Highfield Resources into a globally diversified potash company and deliver the remaining funding for phase of the Muga Potash Project in Spain. Feb 3, 2025 · Highfield Resources (ASX:HFR) is working with the Navarra government and Spanish authorities to resolve a procedural matter related to the Goyo mining concession at its flagship Muga potash project. aspun wuyp idtp pith zluvqi bqbtqie jocep hra ztkgf rybd pnnc cewfoc vfan nseqmg yuzwmm