Highfield Resources, Navarre, Spain, on Sept. 21 announced the signing of a purchase contract for important components of the process plant in order to finalize the pre-construction activities at the flagship Muga Potash Mine in Spain. Following the recent A$18.1 million capital raise, the company said it is well funded to finalize the purchase contracts of the remaining long-lead items.
With the signing of the new contract it said 85 percent of the planned equipment needed for the plant has now been contracted, with the remaining 15 percent to be concluded over the next few weeks. The rest of the equipment, mainly for mining, will be acquired prior to start of operations.
“The signing of this supply contract with Weir Minerals is key to ensure that we are ready for construction,” said Highfield CEO Ignacio Salazar. “This is another important milestone for Highfield and continues to highlight the progress and commitment of the company to the efficient construction of Muga.”