Study shows ‘compelling economics’ of Highfield’s Spain project
PERTH (miningweekly.com) – A prefeasibility study (PFS) into ASX-listed Highfield Resources’ Javier potash project, in Spain, has estimated that the project would have a net present value of more than $1-billion.
Based on a resource of 154-million tonnes, grading 12.9% potassium oxide, the Javier project would have a mine life of about 20 years and could deliver 860 000 t/y of potash.
The PFS estimated that the project would require a capital investment of about $250-million. It would have an internal rate of return of 48.4%, and earnings before interest, tax, depreciation and amortisation of $235-million in its first year of full production.
First production had been scheduled for 2016.
Highfield MD Anthony Hall said that the PFS demonstrated the significant advantages attached to mine access through a decline, underground conventional mining, flotation circuit processing, first world infrastructure and close proximity to markets.
“We are extremely fortunate to have a project that has real advantages across all elements of the value chain, from the mine to ultimate customer. All elements work together to drive the compelling project economics.”
He added that the company was focused on making the Javier project construction ready as soon as possible, adding that work had already started on a definitive feasibility study.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation