Business
Completion of Permitting Roadmap at Khemisset
Completion of Permitting Roadmap at Khemisset.
About this update from Emmerson Plc
[{"type":"text","content":"\n \nRNS Number : 8144Z Emmerson PLC 22 May 2019 \n\nEmmerson Plc / Ticker: EML / Index: LSE / Sector: Mining\n22 May 2019\nCompletion of Permitting Roadmap at Khemisset Potash Project Confirms Development Timelines\nEmmerson Plc (\"Emmerson\" or \"the Company\"), which is focused on developing the low cost, high margin Khemisset Potash Project, is pleased to announce it has completed a permitting roadmap for the Company's 100% owned Khemisset Potash Project in Northern Morocco (\"Khemisset\" or \"the Project\") which outlines key development milestones for the Company. The permitting roadmap confirms the Company's view that it will be in a position to commence construction of Khemisset shortly after completion of engineering and financing workstreams. \nOverview\n· All major permits and authorisations required to construct and operate the Khemisset Project have been identified\n· Expected timelines to acquire all permits and authorisations confirm belief that the Company will be in a position to commence construction at Khemisset once engineering and financing are complete\n· Company reaffirms commitment to complete all Environmental and Social planning to International Finance Corporation (\"IFC\") standards and Equator Principles, as well as to Moroccan requirements\n· Environmental studies continue as previously detailed, with completed Baseline Study showing no areas of concern which could materially impact the Project (see announcement dated 18 March 2019)\n \nHayden Locke, CEO of Emmerson, commented: \"The completion of the permitting roadmap confirms our expectations regarding regulatory timelines for the Khemisset Project, in particular that commencement of the construction phase should be possible shortly after the completion of engineering and financing.\n\"Our experience and relationship with Moroccan authorities on both a regional and national level continues to be excellent, and we look forward to continuing to work alongside all authorities to make the outstanding Khemisset Potash Project a reality.\n\"We continue to work towards designing and building a Project that is not only highly profitable, but also world class in all aspects, and our continued application of IFC standards and Equator Principles will ultimately benefit ...