http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Wed, 23 May 2018 19:33:46 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Issue of Performance Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180523070003_13651221/ Wed, 23 May 2018 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180523070003_13651221/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514140537_13640259/ Mon, 14 May 2018 14:05:37 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514140537_13640259/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514140024_13640249/ Mon, 14 May 2018 14:00:24 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514140024_13640249/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514090023_13639550/ Mon, 14 May 2018 09:00:23 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514090023_13639550/ <![CDATA[News - Harvest Minerals says Ministry of Agriculture in Brazil has conditionally approved KPfértil as a remineraliser ]]> http://www.proactiveinvestors.co.uk/companies/news/196890/harvest-minerals-says-ministry-of-agriculture-in-brazil-has-conditionally-approved-kpfrtil-as-a-remineraliser-196890.html Harvest Minerals Limited (LON:HMI) said it has been informed by the Ministry of Agriculture in Brazil that it has conditionally approved the company's application to register KPfértil as a remineraliser, pending the submission of additional materials which has now been done. 

The AIM-listed natural fertiliser producer said it has been advised that the submitted materials will be reviewed expeditiously, with final approval from MAPA expected this quarter.

READ: Harvest Minerals adds to sales and manufacturing capacity ahead of KPfertil ramp-up

Harvest's executive chairman, Brian McMaster, said, "This is welcome news, although it's important to note that the delay in gaining certification from MAPA has not impacted our ability to sell KPfértil, as highlighted by a recent 36Kt order from a major fertiliser distributor in Brazil.”

He added: “The process has taken longer than we anticipated, although this is largely because this is an entirely new process put in place by MAPA to facilitate approval, rather than any product issues. 

“Meanwhile, we are busy completing the plant expansion, which will enable us to process 320,000 tonnes of KPfértil per annum; all the equipment is now on site and is being installed and we have also received all the necessary permits to switch to grid power. 

“These advancements will facilitate the continued growth of sales and revenues as we look to establish Harvest as a highly profitable business."

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Mon, 14 May 2018 08:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/196890/harvest-minerals-says-ministry-of-agriculture-in-brazil-has-conditionally-approved-kpfrtil-as-a-remineraliser-196890.html
<![CDATA[RNS press release - MAPA Application Conditionally Approved ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514070009_13638999/ Mon, 14 May 2018 07:00:09 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180514070009_13638999/ <![CDATA[News - Harvest Minerals readies for step-change year at Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/195851/harvest-minerals-readies-for-step-change-year-at-arapua-195851.html Harvest Minerals Ltd (LON:HMI) is pushing ahead confidently with its KPfertil fertiliser product and recently expanded its sales team and manufacturing plant.

The AIM-listed miner is currently anticipating a permit from the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA) which, while taking longer than initially thought, will make 2018 “another real step change” according to chairman Brian McMaster.

Investing in fertiliser at Arapua

At present,  the company’s focus is the Arapua fertiliser project, located about 400km south-east of Brasilia in the State of Minas Gerais, a major agro-industrial centre.

The project is composed of eight mineral properties, all with exploration licences granted, covering an area of around 14,946 hectares split into three blocks, Arapua, Pindaibas and Maxixe.

The blocks contain high concentrations of phosphate, an essential ingredient in fertiliser that is required for crops to grow in large amounts.

A 2012 JORC showed an indicated and inferred resource at the project of 13.07Mt at 3.1% potassium oxide (K2O) and 2.49% phosphorus pentoxide (P2O5).

Grab samples from the Arapua block saw grades of between 5% to 24% Phosphate P2O5, with auger drilling at Pindaibas returning values up to 14.8% P2O5.

Harvest currently has a four-year Trial Mining Permit, allowing to extract 50,000t of product on a rolling basis and deliver to existing customers.

However, the company is about to enter the final stages of an application for a full mining licence, granted by the Brazilian Department of Mines (DNPM), following the approval of a final exploration report at the Arapua project.

Big demand in Brazil

Brazil is currently one of the biggest users of phosphate, accounting for 80% of Latin American consumption.

Harvest is already seeing major interest in KPfertil, signing a major sales order in March with Agrocerrado, a substantial fertiliser distributor in Brazil.

The order is for 36,000t of KPfertil, which has a sales value of more than US$2mln according to McMaster.

A recent report by Capital Network indicated that at a product sales price of around US$60 per tonne, Arapua has a net present value at 10% of around £64.9mln, with operating costs of less than US$10 per tonne.

Exploration near Brazil’s only potash mine

Aside from Arapua, Harvest also has a 51% interest in the Capela potash project, located next to the only potash mine in Brazil, Taquari-Vassouras.

3D seismic data from the site has confirmed that the project is the possible northern extension of the Taquari-Vassouras deposit, and the company is currently preparing for a potential drilling programme, subject to available funding.

Harvest is also conducting a scoping study at its Sergi Potash project, located 40km south of Taquari-Vassouras.

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Thu, 26 Apr 2018 09:42:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195851/harvest-minerals-readies-for-step-change-year-at-arapua-195851.html
<![CDATA[News - Harvest Minerals adds to sales and manufacturing capacity ahead of KPfertil ramp-up ]]> http://www.proactiveinvestors.co.uk/companies/news/195454/harvest-minerals-adds-to-sales-and-manufacturing-capacity-ahead-of-kpfertil-ramp-up-195454.html Brazil-focused Harvest Minerals Limited (LON:HMI)  has expanded its sales team and manufacturing plant for its KPfertil fertiliser product ahead of product certification and a mining permit. 

The company has been producing KPfertil on a trial basis in anticipation of a permit from Brazil’s Ministry of Agriculture, Livestock and Supply (MAPA).

READ: Harvest Minerals says final exploration report for Arapua Fertiliser Project gets approval

Last month, the company signed a sales agreement with Brazilian fertiliser distributor Agrocerrado.

Harvest added it had started work on the Environmental Report, a constituent of the Feasibility Study that will be submitted to the Brazilian Department of Mines as the final part of the application for the full mining licence.

Agronomic test work is also ongoing, including long-term trials on coffee at the Veloso plantations, new trials on grass for pasture and coffee trials with two coffee co-operatives.

Brian McMaster, executive chairman, said:  "We have continued to gain momentum through the first quarter and now into the second.

“The expansion to both our sales team and processing plant provides us with the capacity to continue to grow our sales and revenues, which remains a key focus for 2018.

“Although the confirmation of KPfértil as a remineraliser hasn't been as efficient as we would have liked, it has not impacted our ability to sell our product.”

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Fri, 20 Apr 2018 08:27:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195454/harvest-minerals-adds-to-sales-and-manufacturing-capacity-ahead-of-kpfertil-ramp-up-195454.html
<![CDATA[RNS press release - Corporate and Operational Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180420070004_13611922/ Fri, 20 Apr 2018 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180420070004_13611922/ <![CDATA[RNS press release - Updated Corporate Video ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180405070005_13592389/ Thu, 05 Apr 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180405070005_13592389/ <![CDATA[News - Harvest Minerals says final exploration report for Arapua Fertiliser Project gets approval ]]> http://www.proactiveinvestors.co.uk/companies/news/194008/harvest-minerals-says-final-exploration-report-for-arapua-fertiliser-project-gets-approval-194008.html Harvest Minerals Limited (LON:HMI) has announced that the final exploration report for its Arapua Fertiliser Project in Brazil has been approved by Department of Mines (DNPM) inspector for Minas Gerais, following an assessment and a site visit.

The AIM-listed firm said the report, which was submitted in April 2017, represents a further step in the application for a Full Mining License (FML) and will now be sent to the DNPM office in Brasilia, which will publish the approval in the official gazette.

READ: Harvest Minerals says Ministry of Agriculture in Brazil has processed registration of KPfertil fertiliser

Following approval, the natural fertiliser producer said it intends to submit its environmental reports and then a feasibility study as the final steps in the application process for the FML.

Harvest Minerals said it currently operates under a four-year Trial Mining Permit, allowing to extract 50kt of product on a rolling basis and deliver product to existing customers.

Brian McMaster, executive chairman of Harvest, said: “We are now focused on submitting an environmental report and feasibility study; work on both reports has already started. In the meantime, the company continues to produce and deliver product under its trial mining permit.”

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Thu, 29 Mar 2018 07:56:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194008/harvest-minerals-says-final-exploration-report-for-arapua-fertiliser-project-gets-approval-194008.html
<![CDATA[RNS press release - Approval of Final Exploration Report ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180329070002_13585858/ Thu, 29 Mar 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180329070002_13585858/ <![CDATA[News - Harvest Minerals says Ministry of Agriculture in Brazil has processed registration of KPfertil feriliser ]]> http://www.proactiveinvestors.co.uk/companies/news/193935/harvest-minerals-says-ministry-of-agriculture-in-brazil-has-processed-registration-of-kpfertil-feriliser-193935.html Harvest Minerals Limited (LON:HMI) has announced that the application to register its multi-nutrient natural fertiliser, KPfertil has been processed by the Ministry of Agriculture (MAPA) in Brazil.

The AIM-listed natural fertiliser producer said in a statement that MAPA is now required to conduct a site visit to the company’s Arapua Fertiliser Project, most likely later in April. It is anticipated that the registration will then be granted shortly after that.

READ: Harvest Minerals says “2018 is going to be another real step change”

Brian McMaster, executive chairman of Harvest, said: “The certification process for KPfertil as a remineraliser has taken longer than we initially thought, although I’d like to reiterate that there have been no issues with KPfertil itself.”

He added: “The delay has not impacted on our day to day activities or our ability to produce and sell KPfertil as demonstrated by the signing of a 36Kt sales contract at the start of the month.”

“Our focus is now on growing sales and revenues and I look forward to providing further updates,” McMaster concluded.

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Wed, 28 Mar 2018 07:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/193935/harvest-minerals-says-ministry-of-agriculture-in-brazil-has-processed-registration-of-kpfertil-feriliser-193935.html
<![CDATA[RNS press release - MAPA Certification Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180328070003_13583999/ Wed, 28 Mar 2018 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180328070003_13583999/ <![CDATA[News - Harvest Minerals says "2018 is going to be another real step change" ]]> http://www.proactiveinvestors.co.uk/companies/news/193699/harvest-minerals-says-2018-is-going-to-be-another-real-step-change--193699.html Fertiliser producer Harvest Minerals Limited (LON:HMI) said its Arapua project is on the cusp of reaping the benefits of significant investment as commercial production nears.

In its interim results statement covering the second half of 2017, the chairman, Brian McMaster, said all four of its main targets in 2017 were achieved: to complete all the required agronomic test work at Arapua; to apply to register its product KPfértil with the Brazilian Ministry of Agriculture (MAPA); to achieve first sales; and to commission a modular processing plant to ensure that it is easy to expand production in line with sales.

READ: Harvest Minerals signs major sales order

“Looking forward, 2018 is going to be another real step change for us as we focus on increasing our sales volumes and head towards commercial production,” McMaster said.

The registration for KPfértil from MAPA is expected soon, although Harvest's customers do not appear to be waiting for this as the group we signed its first major deal this month with a key fertiliser distributor in Brazil, Agrocerrado Produtos Agrícolas e Assistência Técnica LTDA, for 36Kt of KPfértil, which has a sales value in excess of US$2mln.

Harvest has a strong order book for the year, McMaster said.

“We announced in January 2018 a significant expansion for our processing plant to 320Ktpa, which will be completed in early Q2, and are actively expanding our sales and marketing team. We will also be submitting a full feasibility study and environmental report as part of the application for a full mining licence and continuing our agronomic testing, including the ongoing long-term test work on coffee, which is the major crop within 50km of the project. In the meantime, we continue to produce product under our trial mining licence,” McMaster said.

Revenue from fertiliser sales in the six months to the end of December 2018 was just US$42,294, up from zero the year before, but is clearly poised to take off this year.

The loss before tax narrowed to US$833,508 from US$1.43mln in the same period of 2016.

Harvest ended the year with cash and cash equivalents of US$1.64mln, up from US$1.39mln a year earlier.

Shares in Harvest were down 0.3 at 21.9p in a falling market.

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Fri, 23 Mar 2018 09:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193699/harvest-minerals-says-2018-is-going-to-be-another-real-step-change--193699.html
<![CDATA[RNS press release - Interim Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180323090002_13578912/ Fri, 23 Mar 2018 09:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180323090002_13578912/ <![CDATA[RNS press release - Shareholder Conference Call Recording ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180319130555_13572137/ Mon, 19 Mar 2018 13:05:55 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180319130555_13572137/ <![CDATA[RNS press release - Board Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180319070007_13571088/ Mon, 19 Mar 2018 07:00:07 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180319070007_13571088/ <![CDATA[RNS press release - Shareholder Conference Call ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180308130001_13560130/ Thu, 08 Mar 2018 13:00:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180308130001_13560130/ <![CDATA[News - Harvest Minerals signs major sales order with Brazil’s Agrocerrado, says additional discussions regarding sales on-going ]]> http://www.proactiveinvestors.co.uk/companies/news/192736/harvest-minerals-signs-major-sales-order-with-brazils-agrocerrado-says-additional-discussions-regarding-sales-on-going-192736.html Harvest Minerals Ltd (LON:HMI) has signed a major sales order with Agrocerrado Produtos Agricolas e Assistencia Tecnica LTDA, a fertiliser distributor in Brazil, and said additional discussions regarding sales are on-going.

The order is for 36 kilotonne (Kt )of KPfertil, the company’s multi-nutrient natural fertiliser and remineraliser produced at its Arapua Feriliser project in Minas Gerais, Brazil.

READ: Harvest Minerals to expand operations at Brazil fertiliser project

The AIM-listed potash and phosphate exploration and development company said the supply will come from existing stock already produced at Arapua, where annual capacity is being expanded to 320,000 tonnes.

The delivery will commence in early May 2018.

Brian McMaster, Harvest’s chairman, said: “With a sales value in excess of US$2mln, this is truly fantastic news, and proves that we have a commercial product that is in demand in one of Brazil’s premier agricultural belts.”

He concluded: “The focus is now on sales and revenue growth as we transform Harvest into a profitable business with the aim of providing significant returns to all our shareholders.”

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Wed, 07 Mar 2018 07:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192736/harvest-minerals-signs-major-sales-order-with-brazils-agrocerrado-says-additional-discussions-regarding-sales-on-going-192736.html
<![CDATA[RNS press release - Major Sales Contract Signed ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180307070007_13557325/ Wed, 07 Mar 2018 07:00:07 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180307070007_13557325/ <![CDATA[RNS press release - Statement re broker ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180302124312_13553084/ Fri, 02 Mar 2018 12:43:12 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180302124312_13553084/ <![CDATA[RNS press release - New Corporate Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180223070002_13543268/ Fri, 23 Feb 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180223070002_13543268/ <![CDATA[RNS press release - New Corporate Video ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070005_13520855/ Mon, 05 Feb 2018 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070005_13520855/ <![CDATA[RNS press release - Issue of Performance Based Securities ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070003_13520770/ Mon, 05 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180205070003_13520770/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180201070013_13517264/ Thu, 01 Feb 2018 07:00:13 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180201070013_13517264/ <![CDATA[News - Harvest Minerals to expand operations at Brazil fertiliser project ]]> http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html Harvest Minerals Limited (LON:HMI) is stepping up operations at its Arapua fertiliser project in Brazil with the addition of a new plant and expansion of the sales and marketing team.

KPfertil was soft launched last year while Harvest waits for the Brazilian Ministry of Agriculture Livestock and Supply to certify the product as a remineraliser.

READ: Harvest Minerals says will significantly benefit from Brazilian move to reduce royalty rates on fertiliser projects

The application is now anticipated to be processed early this quarter, having been.delayed by an extended Christmas break in Brazil.

Four additional knife mills  will be added to boost annual production capacity to over 320,000 tonnes and create a single production line.

READ: Harvest Minerals' fertiliser impresses in leach test

Brian McMaster, Harvest’s chairman, said: “The fully funded plant expansion, which should be commissioned in the coming few months, will allow us to meet expected demand for KPfértil.”

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Mon, 15 Jan 2018 07:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html
<![CDATA[RNS press release - Substantial Operational Expansion ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180115070003_13495559/ Mon, 15 Jan 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180115070003_13495559/ <![CDATA[RNS press release - Appointment of Joint Broker ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180111070004_13492404/ Thu, 11 Jan 2018 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20180111070004_13492404/ <![CDATA[News - Harvest Minerals says will significantly benefit from Brazilian move to reduce royalty rates on fertiliser projects ]]> http://www.proactiveinvestors.co.uk/companies/news/188030/harvest-minerals-says-will-significantly-benefit-from-brazilian-move-to-reduce-royalty-rates-on-fertiliser-projects-188030.html Harvest Minerals Limited (LON:HMI) has welcomed news that the Upper House of the National Congress of Brazil has approved a bill to reduce the royalty rates of fertiliser projects from 3.0% to 0.2% which it sees significantly benefitting the group.

The AIM-listed fertiliser development company noted that the bill was approved by the Chamber of Deputies, the Brazilian parliament’s lower house on 22 November 2017 and is part of wider reforms to boost the mining sector and the economy in general.

READ: Harvest Minerals' fertiliser impresses in leach test

The group said the change – which will take effect from January 2018 - will allow it to benefit significantly due to its low cost of production and forecast high production margin.

Harvest Minerals said it anticipates significant cost savings of around US$1.46 per tonne at its Arapua Fertiliser Project.

The company’s August 2016 scoping study for Arapua assumed a cost of US$1.58 per tonne in royalties on sales at US$60 per tonne, and under the new regime this reduces to US$0.12 per tonne in royalties therefore a saving of around US$1.46 per tonne

WATCH: Harvest Minerals bags first sales for KPfertil

Harvest's executive chairman, Brian McMaster, said: " Whilst we were expecting a cut in royalties from 3% to 1%, the fact that it was reduced further to 0.2% shows the Brazilian Government's continued commitment to developing fertiliser and remineraliser projects to reduce the country's dependence on imports.”

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Thu, 30 Nov 2017 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188030/harvest-minerals-says-will-significantly-benefit-from-brazilian-move-to-reduce-royalty-rates-on-fertiliser-projects-188030.html
<![CDATA[RNS press release - Change in Royalty Rates in Brazil ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171130070003_13448494/ Thu, 30 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171130070003_13448494/ <![CDATA[News - Harvest Minerals' fertiliser impresses in leach test ]]> http://www.proactiveinvestors.co.uk/companies/news/187624/harvest-minerals-fertiliser-impresses-in-leach-test-187624.html Harvest Minerals Limited (LON:HMI) has received more data indicating its natural fertiliser KPfertil can perform better than traditional soil treatments.

Leach tests indicated much more potassium reached the plants using KPfertil, with only 0.07% of the potassium washed away compared to 20.8% from potassium chloride, 19.2% from potassium sulphate and 21% from potassium nitrate.

WATCH: Harvest Minerals bags first sales for KPfertil

The tests were carried out the Federal University of Uberlândia and will be used in the certification process for KPfértil by Brazil’s agriculture ministry.

In addition, most of the potassium from KPfértil remained in the first soil layer, said Harvest.

READ: Harvest Minerals says 'stars are lining up' for fertiliser project

“KPfértil's superior behaviour over other sources in the leaching test is due to its low solubility in water resulting in far less potassium being leached away.”

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Wed, 22 Nov 2017 07:45:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187624/harvest-minerals-fertiliser-impresses-in-leach-test-187624.html
<![CDATA[RNS press release - Leach Test Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171122070002_13439686/ Wed, 22 Nov 2017 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171122070002_13439686/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171121094315_13438784/ Tue, 21 Nov 2017 09:43:15 +0000 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171121094315_13438784/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171025090001_13408336/ Wed, 25 Oct 2017 09:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171025090001_13408336/ <![CDATA[RNS press release - Notice of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171020070003_13403166/ Fri, 20 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171020070003_13403166/ <![CDATA[Media files - Harvest Minerals bags first sales for KPfertil ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8231/harvest-minerals-bags-first-sales-for-kpfertil-8231.html Thu, 12 Oct 2017 14:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8231/harvest-minerals-bags-first-sales-for-kpfertil-8231.html <![CDATA[News - Harvest Minerals notches first sales and lines up additional customers ahead of KPfertil certification ]]> http://www.proactiveinvestors.co.uk/companies/news/185485/harvest-minerals-notches-first-sales-and-lines-up-additional-customers-ahead-of-kpfertil-certification-185485.html Harvest Minerals Limited (LON:HMI) has recorded first sales of its fertiliser replacement KPfertil.

The sales were in response to requests from customers even though the company is waiting for formal certification for KPfertil as a remineraliser from the Brazilian Ministry of Agriculture.

READ: Harvest Minerals says 'stars are lining up' for fertiliser project

Major coffee grower Veloso has been trialling the product this year, while orders have also come in from orchard and broad acre farmers, distributors, blenders and co-operatives, Harvest said.

Orders and pre-registration sales to date have been worth US$80,000, but Harvest expects demand to ramp up rapidly once certification is complete, which is expected by company to be by the end of 2017.

A processing plant to mill and put KPfértil into 1 tonne "big-bags" has already been installed.

Meanwhile, major shareholder, the Edwards family, is upping its stake in Harvest to 29.9% from 28.3% by backing a placing of shares at 10p to raise £1.2mln to fund sales and marketing lines and infrastructure installation at the Arapua deposit.

READ: Harvest Minerals applies for product registration for KPfertil in Brazil

Brian McMaster, executive chairman, said: The funds raised will be used to progress the full mining licence and application, further develop our rapidly growing sales channels, process additional stockpile, explore acquisition opportunities as well as for general working capital purposes. 

“With the transition from explorer to developer and now producer complete, we look forward to the future with confidence."

KPfértil is an organic, multi-nutrient slow release fertiliser and remineraliser produced from a weathered potassium and phosphate-rich lava, which offers many economic and agronomic benefits. The product is mined at Arapua in the heart of the Brazil’s agriculture belt in Minas Gerais.

“There may be additional sales ahead of certification but it is anticipated that the bulk of our robust potential order book, currently standing at over 20 independent farmers and corporations, will cross the line quickly after certification, “ added McMaster.

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Thu, 12 Oct 2017 08:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185485/harvest-minerals-notches-first-sales-and-lines-up-additional-customers-ahead-of-kpfertil-certification-185485.html
<![CDATA[RNS press release - Infrastructure Finalisation, First Sales & Placing ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171012070002_13394034/ Thu, 12 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171012070002_13394034/ <![CDATA[RNS press release - Board Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171004123001_13385950/ Wed, 04 Oct 2017 12:30:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20171004123001_13385950/ <![CDATA[News - Harvest Minerals says 'stars are lining up' for fertiliser project ]]> http://www.proactiveinvestors.co.uk/companies/news/184735/harvest-minerals-says-stars-are-lining-up-for-fertiliser-project-184735.html  

 

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Thu, 28 Sep 2017 08:39:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184735/harvest-minerals-says-stars-are-lining-up-for-fertiliser-project-184735.html
<![CDATA[RNS press release - FY 2017 Audited Annual Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170928070002_13377972/ Thu, 28 Sep 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170928070002_13377972/ <![CDATA[News - Harvest Minerals applies for product registration for KPfertil in Brazil ]]> http://www.proactiveinvestors.co.uk/companies/news/184654/harvest-minerals-applies-for-product-registration-for-kpfertil-in-brazil-184654.html Harvest Minerals Limited (LON:HMI) has applied to have its KPfértil fertiliser registered as a remineraliser with the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA).

The application is expected to be approved by the end of the year with sales of KPfértil to grow rapidly following certification and in time for the next buying season, said Harvest.

READ: Harvest continues to deliver excellent agronomic test results from Arapua

KPfértil is a multi-nutrient, slow-release fertiliser and remineraliser that can replace imported fertilisers. Harvest believes it will achieve significant market penetration on certification. 

Harvest has already run multiple crop agronomy trials and said in a statement that it was urged to apply after a presentation to MAPA impressed the agency.

READ: Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser

Brian McMaster, executive chairman, said: "We always knew that KPfértil would be a very good remineraliser and fertiliser, but we are still very pleased with the enthusiastic response we received from MAPA.

"Once the registration and certification of KPfértil is achieved, and on the basis farmers recognise the tangible economic benefits in introducing it to their fertiliser rotation, we believe KPfértil has the potential to replace significant amounts of conventional and more expensive fertilisers and become a staple product in the Minas Gerais agriculture belt in Brazil." 

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Wed, 27 Sep 2017 08:11:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184654/harvest-minerals-applies-for-product-registration-for-kpfertil-in-brazil-184654.html
<![CDATA[RNS press release - Registration of KPfértil as a Remineraliser ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170927070002_13376370/ Wed, 27 Sep 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170927070002_13376370/ <![CDATA[News - Harvest continues to deliver excellent agronomic test results from Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/183429/harvest-continues-to-deliver-excellent-agronomic-test-results-from-arapua-183429.html Ongoing testwork continues to confirm the efficacy of KPfértil, the fertiliser product that Harvest Minerals Limited (LON:HMI) plans to produce in bulk from its Arapua project in Brazil.

The results of tests conducted over 180 days on juvenile and mature coffee plants indicate that KPfértil is as effective as traditional fertilisers in supplying potassium and phosphate to plants.

READ: Harvest Minerals' KPfértil performs well in latest independent tests

As part of the test, a total of 12 treatments were applied to compare KPfértil to conventional fertilisers as a source of potassium and phosphate.

The tests are continuing.

"These results are excellent and build on the successful tests carried out on rice crops which demonstrated a substantial increase in dry matter production following the application of KPfértil,” said Harvest’s executive chairman Brian McMaster. 

READ: Harvest Minerals anticipates first production from Arapua in the third quarter of this year

“We have identified the coffee growers in the Cerrado Region as an important customer base and tests results indicating that our local, 100% organic product acts as efficiently as imported KCl, a conventional source of potassium, represent a significant outcome for Harvest. We expect further results from these tests over the coming months, but our focus is now on registering KPfértil with the Ministry of Agriculture, Livestock and Supply and achieving our first sales."

 

 

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Tue, 05 Sep 2017 07:44:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183429/harvest-continues-to-deliver-excellent-agronomic-test-results-from-arapua-183429.html
<![CDATA[RNS press release - Excellent Test Results from the Arapua Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170905070001_13351531/ Tue, 05 Sep 2017 07:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170905070001_13351531/ <![CDATA[News - Harvest Minerals' KPfértil performs well in latest independent tests ]]> http://www.proactiveinvestors.co.uk/companies/news/182510/harvest-minerals-kpfrtil-performs-well-in-latest-independent-tests-182510.html Harvest Minerals Limited (LON:HMI) has lauded continued excellent agronomic results from the Arapua fertiliser project on its direct application natural fertiliser and remineraliser product, KPfértil.

The tests were conducted by the Federal University of Uberlândia (UFU), an institution approved by the Brazilian Ministry of Agriculture, Livestock and Supply (MAPA), and will form part of the company's official registration of KPfértil to MAPA in the final quarter of this year.

READ: Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser

Harvest said the results continue to demonstrate that KPfértil works as a fertiliser and has a positive agronomic efficiency.

Rice crops that had Kpfértil applied to them showed a substantial increase in dry matter production, both in comparison to having no fertiliser applied and to being treated with a conventional source of potassium (KCI).

UFU's test show rice crops produced 3,98 grammes per plant untreated; 5.03 grammes per plant when treated with KCI; and 59.44 grammes when treated with Kpfértil.

Compared to conventional sources of potassium and phosphate, applying the same dose of potassium and phosphate as KPfértil in clayey soils produced up to 73.09% of the dry matter produced using expensive, conventional fertilisers.

“The test results continue to exceed our expectations and are proving the potential of KPfértil, which is a completely  natural, slow release, single product fertiliser,” said Brian McMaster, Harvest's executive chairman. 

“We are working closely with a number of academic and corporate entities in order to begin official registration and certification of KPfértil in the coming months. When achieved, and on the basis farmers recognise the tangible economic benefits in introducing it to their fertiliser rotation, we believe KPfértil has the potential to replace significant amounts of conventional and more expensive fertilisers and become a staple product in the Minas Gerais agriculture belt in Brazil,” McMaster declared. 

"With product ready for delivery, an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5, which translates into a mine life of over 30 years at a rate of 450k tonnes per annum, established infrastructure, a highly experienced and proven sales team and an established local market, the foundations are in place for a robust business and we look forward to the future with excitement," he added.

More results from the tests are expected in the coming months.

"Harvest’s KPFertil product has performed well in all tests. As a slow release natural product it is difficult to make direct comparisons with traditional sources of fertiliser; however, the company is now very confident it will become an important part of local fertiliser regimes," noted Beaufort Securities.

Beaufort said it is looking forward to results from the Veloso crop trials, whcih is said "appear encouraging". Beaufort rates Harvest as a speculative buy,

Shares in Harvest were up 2.3% at 11.25p in late morning trading.

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Wed, 16 Aug 2017 11:32:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/182510/harvest-minerals-kpfrtil-performs-well-in-latest-independent-tests-182510.html
<![CDATA[RNS press release - Continued Excellent Agronomic Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170816070003_13331244/ Wed, 16 Aug 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/12179/LSE20170816070003_13331244/ <![CDATA[News - Harvest Minerals is now on the cusp of completing the production jigsaw at Arapua ]]> http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html Shares in Harvest Minerals Limited (LON:HMI) have enjoyed something of a fillip lately, following a brief flurry of news that looks like the start of what could be a busy period.

Key at this stage is the ongoing success of agronomic testwork on Harvest’s Brazilian fertiliser product, KPfértil.

Looked at one way, this is a pretty simple matter.

“The tests literally just involve putting the product on plants,” says Harvest’s executive chairman Brian McMaster

But looked at from another point of view, it’s likely to mark the moment that Harvest really comes of age. All the capital that’s likely to be needed for production from Harvest’s Arapua project has now been spent. The mine is ready to go. Harvest’s own independent tests on coffee, potatoes and carrots have come up trumps.

All that’s needed is the certification from Brazil’s Ministry of Agriculture, Livestock and Supply, also known as MAPA, and this is based on a test on rice, which has also gone well.

The application is now anticipated to be processed early this quarter (Jan–Mar 2018), having been delayed by an extended Chirstmas break in Brazil.

After that, production is just a short hop away, and given the huge resource at Arapua, it’s really then just a matter of judging the demand.

“We’ve pitched the ball down the fairway at 450,000 tonnes per year,” says McMaster, “but if our sales team come back and say it’s actually 250,000 tonnes or a million tonnes, that’s fine.”

Harvest will be able to adjust output accordingly.

“For us the market is as big as the sales team can make it,” says McMaster. But because the company is aiming to sell directly into the surrounding agricultural communities in Brazil, a little bit of local knowledge is called for.

To that end Harvest has just appointed Lino Furia as sales manager, a man who has worked with several major fertiliser companies, including Mosaic (NYSE:MOS), and local Brazilian champion VALE (NYSE:VALE).

In the announcement that accompanied Furia’s appointment, McMaster also drew attention to Brazil’s stated intention to becoming fertiliser self-sufficient by 2020, just two-and-a half years away.

Whether Brazil as a country will hit that target remains to be seen, but Harvest at least looks well on track to pass its own milestones.

“The fundamentals of why people invested in this company is that they wanted to see Arapua come on stream and start creating cash,” says McMaster.

That’s now about to happen and recent news on agronomics and sales strategy is a “continuation of the thing we’ve been saying we were going to do.”

So all the pieces in that cashflow jigsaw are now falling into place.

Indeed, it won’t be long before investors start to look to the upside that lies elsewhere in the company.

“There are three other projects inside Harvest,” says McMaster.

“One of them is similar to Arapua, and two are traditional potash projects. In addition we’ve publicly said the company is actively pursuing opportunities to grow. So watch this space.”

At 15p, Harvest is valued at a shade under £18mln.

 

 

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Wed, 12 Jul 2017 12:41:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html
<![CDATA[News - Harvest Minerals appoints Brazilian-based sales manager to optimise KPfértil fertiliser ]]> http://www.proactiveinvestors.co.uk/companies/news/180596/harvest-minerals-appoints-brazilian-based-sales-manager-to-optimise-kpfrtil-fertiliser-180596.html Harvest Minerals Ltd (LON:HMI) has appointed Lino Furia as its Brazilian-based sales manager to support sales of its KPfértil fertiliser and build a strong presence across the country’s agriculture sector.

Furia has more than 20 years of experience in managing crop production and developing new products in Brazil, having worked for several major fertiliser companies such as Vale Fertilisers, Yara Fertilisers and Mosaic Fertilisers.

He will be responsible for developing the market and increasing sales of KPfértil. Furia, previously marketing manager of phosphate miner Rio Verde Minerals, will also work alongside the company's technical team as it looks to optimise the product.

Chairman Brian McMaster said: “We are delighted to welcome Lino to the team; his contacts and previous experience in developing and selling new fertiliser products in Brazil will be invaluable as we look to build a strong sales pipeline.”

"Recent results from our ongoing agronomic studies highlight the quality of our product and we are confident that it will play a key role as Brazil focuses on hitting its stated target to be self-sufficient in fertilisers by 2020.”

The next step for the company will be to begin the registration process of KPfértil as a remineraliser by the end of 2017. Harvest will then make an application for registration as a fertiliser to further broaden the market.

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Mon, 10 Jul 2017 08:49:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180596/harvest-minerals-appoints-brazilian-based-sales-manager-to-optimise-kpfrtil-fertiliser-180596.html