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British Firm Secures Major Potash Deals for Moroccan Mine Project
Tuesday 22 November 2022, by
The Khemisset potash mine project is progressing. The British mining company Emmerson PLC has signed agreements with two Swiss agricultural commodity trading companies for the purchase of potash and salts that will be produced in its mine.
In a press release, Emmerson PLC states that one of these agreements has been signed with Keytrade AG for the sale of a minimum of 245,000 metric tons per year of muriate of potash (MOP), for a period of 10 years. As for the second agreement, it has been concluded with Hexagon Group AG for the sale of a minimum of 245,000 metric tons per year of MOP and a minimum of 500,000 metric tons per year of sodium chloride, both for a period of 10 years. These agreements will represent more than 65% of the muriate of potash production and 50% of the salt production, within the future mine, it is further stated.
"I am delighted to present our first offtake agreements as we progress our construction readiness process at Khemisset," said Graham Clarke, CEO of Emmerson. He added: "This is a clear signal of the critical importance of potash in the context of global food security, as we continue to lay the foundations for establishing Africa’s first commercial potash mine."