https://www.miningweekly.com
Business|Environment|Infrastructure|Mining|PROJECT|Surface|Sustainable|Underground|Infrastructure
Business|Environment|Infrastructure|Mining|PROJECT|Surface|Sustainable|Underground|Infrastructure
business|environment|infrastructure|mining|project|surface|sustainable|underground|infrastructure

South Harz bolsters position in German potash sector

22nd May 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-headquartered potash firm South Harz on Wednesday announced the completion of the prefeasibility study (PFS) for its flagship Ohmgebirge development in central Germany. Alongside this milestone, the company reported a potential significant future acquisition of a neighbouring mining opportunity, opening avenues for brownfield development.

South Harz has agreed nonbinding key terms for the purchase of the Sollstedt property, including shafts, underground and surface infrastructure, as well as mineral rights.

Existing infrastructure at Sollstedt, including multiple shafts, will facilitate underground access and ventilation for mining of Ohmgebirge, significantly reducing pre-production capital expenditure (capex) relative to a greenfield alternative.

The newly released PFS calculates the capex to be $1.15-billion.

The PFS is based on an initial 19-year mine life, with average muriate of phosphate (MoP) output of 0.93-million tonnes a year at a cash operating cost of $147/t of MoP.

South Harz also declared a maiden Ohmgebirge ore reserve of 83.1-million tonnes at 12.6% K2O, comprising 92% of the PFS mine and process schedule.

“This is a significant day in the relatively short history of South Harz Potash. Agreeing key terms for the acquisition of the neighbouring Sollstedt property has delivered a transformational development pathway for Ohmgebirge, which enables us to truly capitalise on the regional mining and infrastructure context in which the project is located.

“The unique brownfield features incorporated into the Ohmgebirge PFS demonstrate that it is possible to develop and operate a world-class potash mine in Germany, in the heart of Europe, profitably and responsibly in the modern era. The study confirms how common perceptions about the German regulatory and operating environment are misplaced, and why the Thuringia district offers such an enormous opportunity to deliver secure, sustainable potash supply to Europe and beyond,” said the chairperson Len Jubber.

Meanwhile, Jubber has moved from a nonexecutive position to executive chairperson, as part of a transition to a leaner, Perth-based corporate structure.

Luis da Silva, the current MD and CEO, will transition out of the business and leave the company on May 31.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.118 0.146s - 128pq - 2rq
Subscribe Now