Highfield Resources Ltd (ASX:HFR) has signed all remaining purchase contracts for the key components of the process plant at its flagship Muga Potash Mine in Spain.
The company has signed a €2.9 million contract with Metso Outotec Finland Oy. (Outotec), to provide the thickeners needed to remove impurities from the brine solution within the crystallisation process.
In addition, Highfield has also signed a €2.6 million contract to provide both potash and salt dryers, as well as dedusting systems and wet scrubbers.
Notably, these long-lead item purchase contracts are key in advancing Muga towards construction and allowing the company to mitigate future inflationary risk.
Looking ahead, with the execution of these two contracts, Highfield has now signed purchase contracts for all of Muga Mine’s critical process plant equipment.
“Key process plant equipment”
Highfield CEO Ignacio Salazar said: “We are delighted to report another important step towards construction at Muga.
"With the signing of these contracts, all key process plant equipment has been procured, reducing future potential inflationary risk and construction risk.”
Process plant layout
About Outotec
Metso Outotec was created through the combination of Metso Minerals and Outotec on 30 June 2020.
The company is considered to be a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally.
About TEMA
TEMA Process B.V. is a specialised design and manufacturing company for fluid bed systems for the drying of a range of materials including minerals, chemicals, food, feed and biomass.
The TEMA Fluid Bed can be applied not only for drying but also for cooling, roasting, torrefaction, puffing, blanching, stripping, as well as spices and herbs sterilisation and pasteurisation and calcining.
About Highfield
Highfield Resources 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.