Company
Highfield Resources Ltd
ASX:HFR
Highfield Resources Ltd (ASX:HFR) is a potash company that focuses on its flagship low-cost, low-capex Muga Project in Spain. The company’s potash tenements Muga-Vipasca, Pintanos and Sierra del Perdón are in the Ebro potash producing basin in northern Spain, covering an area of around 276 square kilometres. Once in production, the project is forecast to be one of the highest margin potash mines in the world.
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Highfield Resources focused on developing world-class Muga Potash Mine in Spain
The mine will have extremely competitive and versatile export options to Europe for muriate of potash (MOP) and its salt by-product.
Highfield Resources authorised to build Muga potash process plant on non-urbanised land
“The authorisation for the process plant from the Government of Navarra was the necessary step to confirm the adequacy of the Muga project to all aspects of urbanistic planning legislation related to its location in Sangüesa, Highfield Reso
Highfield Resources reconfirms Muga’s compelling economics with feasibility study update
“The company has done a lot of work with the banks in reviewing and mitigating the effect of the current global inflationary environment resulting in a thoroughly reviewed and updated feasibility study which reconfirms the outstanding value
Highfield Resources secures €320.6 million in senior secured project financing for Muga development
The credit approval complements Highfield’s stringent cash preservation strategy, which sees it with a cash balance at the end of the third quarter of A$11.3 million.
Highfield Resources forges ahead with Muga Potash Mine construction, ahead of time and on budget
“The grant of the licence in Undués in June has been critical to start work around the mine gate and to take advantage of the dry summer months to progress construction," CEO Ignacio Salazar said.
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Highfield Resources shares rise after signing indicative term sheet for €23.3 million facility with Macquarie for Muga Potash Mine
In May, Highfield signed a project financing mandate letter with a group of experienced European mining finance lenders for a €312.5 million senior secured project financing package.
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Highfield Resources launches community-minded Muga Community Initiative
The Muga Community Initiative is a social development project that encourages and facilitates collaboration and involvement between the local public administrations and the private sector.
Highfield Resources higher as construction kicks off at Muga Potash Mine in Spain
“We are working closely with the authorities and especially Navarra and Sangüesa to finalise the licensing there and will be reporting back to the market as we progress through construction,” says CEO Ignacio Salazar.
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Highfield Resources secures construction licence for Muga Project’s underground development
“This is a pivotal milestone for the project which allows us to start the construction of Muga in the next few days with the initial works around the mine gate. With this licence from Aragón, Highfield is now one big step closer to building
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Highfield Resources secures €312.5 million financing package for Muga Project in Spain, shares up
“The strategic location of Muga in southern Europe is being viewed more favourably than ever in the current geopolitical situation, making it an attractive candidate for financing from the international banking community,” says CEO.