Emmerson PLC, Isle of Man, reported on Nov. 10 that it has secured a strategic investment of up to $46.8 million from investors for the development of the Khemisset Potash Project in Morocco. The primary investor is Global Sustainable Minerals Pte Ltd., a Singapore-based company backed by a significant Southeast Asia investor.
Emmerson expects to invest some $500 million in the project, which would produce 800,000 mt/y and have a 19-year mine life.