Business
Replacement: Potential Capex Savings at Port
Replacement: Potential Capex Savings at Port.
About this update from Emmerson Plc
[{"type":"text","content":"\n \nRNS Number : 7854R Emmerson PLC 04 March 2019 \n\nThe following amendment has been made to the \"Potential Further Capex Savings at Port\" announcement released on 4 March 2019 at 07.00 am under RNS No 6755R.\nIn the previous announcement, a link to view the full announcement with illustrative maps and images was not made available. \nAll other details remain unchanged.\nThe full amended text is shown below.\n \nEmmerson Plc / Ticker: EML / Index: LSE / Sector: Mining\n4 March 2019\nEmmerson Plc \n(\"Emmerson\" or the \"Company\")\nPotential for Further Capex Savings at Port Enhances Outstanding Khemisset Potash Project\n \nHighlights\n· Potential capex saving of US$7.5m compared to the Scoping Study by utilising existing storage and loading facilities in Port of Casablanca as opposed to the Port of Mohammedia as envisaged in the Scoping Study\n· Indicative mine-to-port logistics cost quotes from Moroccan National Rail Company show no change in operating cost from the Scoping Study, despite a slight increase in transport distances given the potential use of rail rather than trucks for the majority of the journey\n· Access to a significantly larger port with a greater draft capacity, allowing a wider range of vessel sizes to be loaded, potentially reducing overall bulk shipping costs to target markets, including Brazil\n· Ongoing discussions with numerous Moroccan entities, including the Port Authorities, present opportunities for further improving Project economics ahead of upcoming Feasibility Studies\n \nEmmerson Plc (\"Emmerson\" or \"the Company\"), the Moroccan focused potash development company, is pleased to announce that it is investigating the use of the Port of Casablanca for export of product produced at its world class Khemisset Potash Project (\"Khemisset\" or \"the Project\"). This could result in capex savings and a reduction in total transport and logistics costs, which make up a significant proportion of delivered costs to customer. To view the announcement with illustrative maps and images, please use the following link:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/7854R_1-2019-3-4.pdf\n \nAs part of ongoing studies to assess alternative logistics solutions to those ...