Spain-focused potash developer Highfield says construction licence granted for Muga mine's process plant
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(Kitco News) - Spain-focused potash developer Highfield Resources (ASX: HFR) yesterday announced that the Townhall of Sangüesa has issued the licence for the construction of the process plant.
The company said that the local townhalls (councils) of Undués de Lerda (Aragón) and Sangüesa (Navarra) are the responsible approving authorities for the mine gate and the process plant construction licences respectively, adding that following on from the grant of the mining concession, these two licences were essential for the construction of the Muga potash project.
Importantly, the company noted it now has the required permits to begin the full-scale construction of Muga comprising the civil works, the process plant and the ramps.
The company now plans to finalize the financing strategy, the remaining construction contracts and all other preparatory work before starting construction in the second half of 2023.
CEO Ignacio Salazar commented, "The grant of the pending construction licence in Navarra for the process plant is a critical milestone for Muga. I do not think I am exaggerating by saying that we all feel this licence closes a long permitting chapter for Highfield. I would like to thank all our stakeholders, staff and shareholders for their continued support. The company will now focus on building Muga as soon as possible."
Highfield Resources is an ASX listed potash company which is focusing on the construction of its flagship low cost, low capex Muga project in Spain that has now received all key permits and construction licences.
The company indicated that Muga is a unique project with shallow mineralization with no aquifers above it; hence, there is no need to build a shaft. The company noted the strategic value of the Muga project for both Spain and the European Union.
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