Business
Morocco Statement
Morocco Statement.
About this update from Emmerson Plc
[{"type":"text","content":"\n\n\nEmmerson PLC / Ticker: EML / Index: AIM / Sector: Mining\n11 September 2023\nEmmerson PLC (\"Emmerson\" or the \"Company\")\n \nMorocco Statement\n \nEmmerson is shocked and saddened to hear the news of the earthquake that occurred in Morocco over the weekend. The Company expresses its deepest condolences and will support the Moroccan authorities in any way it can.\nThe Company's Khemisset Project and support offices are located some distance from the earthquake zone so are not directly impacted. All Emmerson employees are safe and unaffected by the tragic earthquake.\n \n \n**ENDS**\nFor further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:\n \n\n\n\nEmmerson PLC\nGraham Clarke / Jim Wynn / Charles Vaughan\n \n\n\n+44 (0) 20 7236 1177\n\n\n\n\nLiberum Capital Limited (Nominated Advisor and Joint Broker)\nScott Mathieson / Kane Collings / Will King\n \n\n\n+44 (0)20 3100 2000\n\n\n\n\nShard Capital (Joint Broker)\nDamon Heath / Isabella Pierre\n \n\n\n+44 (0)20 7186 9927\n \n\n\n\n\nBlytheRay (Financial PR and IR)\nTim Blythe / Megan Ray / Said Izagaren\n \n\n\n+44 (0) 207 138 3204\n\n\n\n \nNotes to Editors\nEmmerson is focused on advancing the Khemisset project (\"Khemisset\" or the \"Project\") in Morocco into a low cost, high margin supplier of potash, and the first primary producer on the African continent. With an initial 19-year life of mine, the development of Khemisset is expected to deliver long-term investment and financial contributions to Morocco including the creation of permanent employment, taxation, and a plethora of ancillary benefits. As a UK-Moroccan partnership, the Company is committed to bringing in significant international investment over the life of the mine.\nMorocco is widely recognised as one of the leading phosphate producers globally, ranking third in the world in terms of tonnes produced annually, and the development of this mine is set to consolidate its position as the most important fertiliser producer in Africa. The Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24% K2O, with significant exploration potential, and is perfectly located to support the expected growth of African fertiliser consumption whilst also being located on the doorstep of European markets. Th...