Business
Completion of Power & Gas Supply,Potash Project
Completion of Power & Gas Supply,Potash Project.
About this update from Emmerson Plc
[{"type":"text","content":"\n \n \n RNS Number : 8222D\n Emmerson PLC\n 24 February 2020\n \n \n \n \n Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining\n \n \n 24 February 2020\n \n \n Emmerson Plc \n (\"Emmerson\" or the \"Company\")\n \n \n \n Completion of Power and Gas Supply at Khemisset Potash Project\n \n \n Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that it has completed the full cost estimate for the capex required to ensure electricity and gas supply at its 100% owned Khemisset Potash Project located in northern Morocco (\"Khemisset\" or \"the Project\"). K\n hemisset is a potentially world class potash development, with industry leading, low, capital cost to production and, as a result of its location, among the highest margins in the potash industry.\n \n \n This work has been completed by independent consultant \n Golder Associates (\"Golder\") with the assistance of key local partners\n , as part of the forthcoming Feasibility Study, which is ahead of schedule, with delivery now expected in the early part of Q2 2020 instead of previously planned end of H1 2020. These estimates have confirmed the potential for significant capital cost savings for the Project due to its proximity to excellent infrastructure. \n \n \n To view the press release with the illustrative maps and diagrams please use the following link: \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8222D_1-2020-2-23.pdf\n \n \n \n \n \n Highlights\n \n \n · \n Total budgeted cost for supply of electricity from the existing electrical infrastructure is approximately US$10.6 million including a 10% contingency\n \n \n o \n Estimated capital cost saving, compared to average Canadian potash mine development1, for a similar work package, of approximately US$71 million, or 87%\n \n \n o \n Budget includes engineering design, construction, and land easements for both powerlines and the mine downgrade substation\n \n \n o \n Engineering firm, Clemessy, a leader in design and construction of high voltage powerlines and transformer stations, has supported Golder in the technical feasibility and cost estimates\n \n \n o \n Technical solution and cost ranges confirmed to be feasible by the Moroccan national grid operator (''ONEE'')\n \n \n · \n Proposed site location is approximately 15km from the planned...