Highfield Resources Ltd
Highfield Resources secures equity agreements to fund Muga potash project development
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. The agreements comprise a cornerstone placement of US$220 million as well as Highfield’s US$286m inter-conditional acquisition of Yankuang subsidiary Yancoal […]
BHP’s US$5.7bn commitment to developing Jansen points to strong potash outlook
A signal the long-term outlook is bright for the muriate of potash (MOP) market is BHP Group’s (ASX: BHP) recent decision to move ahead with developing its multi-billion-dollar Jansen project in Canada, with chief executive officer Mike Henry saying the asset will create value for “generations”. Last week, BHP revealed it has approved the capital […]
Highfield Resources secures offtake deal with Maxisalt for Muga potash mine’s salt by-products
Highfield Resources (ASX: HFR) has found a buyer for the by-products from its Muga potash mine with Pardira Premium (trading as Maxisalt) agreeing to take 500,000 tonnes a year of salt. The memorandum of understanding paves the way for Maxisalt to purchase 400,000tpa of the higher value vacuum salt and a further 100,000tpa of de-icing […]
Highfield Resources secures key environmental permit to advance Muga
Highfield Resources (ASX: HFR) has received a key environment permit to advance the Muga potash project in Spain, which as the potential to be one of the highest-margin potash mines worldwide. Spain’s Ministry for Ecological Transition approved the permit, paving the way for Highfield to focus on securing the mining concession and necessary construction approvals. […]