Business
Major Sales Contract Signed
Major Sales Contract Signed.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 9096G Harvest Minerals Limited 07 March 2018 \n\n \n \nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n7 March 2018\nHarvest Minerals Limited\n('Harvest' or the 'Company')\n \nMajor Sales Contract Signed\n \nHarvest Minerals Limited, the AIM listed natural fertiliser producer, is delighted to announce that it has signed a major sales order ('the Contract') with Agrocerrado Produtos Agrícolas e Assistência Técnica LTDA (\"Agrocerrado\") , a key fertiliser distributor in Brazil. The order is for 36Kt of KPfértil, the Company's multi-nutrient natural fertiliser and remineraliser produced at its Arapua Feriliser project in Minas Gerais, Brazil.\n \nOverview\n· Agrocerrado is a major distributor of fertiliser and agriproducts in the region surrounding Harvest's Arapua project, one of Brazil's premier agricultural belts\n· Contract is for an initial supply of 36Kt of KPfértil\n· Supply will come from existing stock already produced at Arapua where annual capacity is being expanded to 320,000 tonnes\n· The sales price of KPfértil agreed between the two parties is BRL200/t (c.US$60/t)\n· Delivery will commence in early May 2018\n· Additional discussions regarding sales are on-going\n· Sale agreed prior to MAPA registration, which is anticipated to be granted by month end\n \nHarvest's Executive Chairman, Brian McMaster, said, \"With a sales value in excess of US$2m, this is truly fantastic news and proves that we have a commercial product that is in demand in one of Brazil's premier agricultural belts. Agrocerrado is one of the largest established fertiliser and agribusiness distributors in the region; this agreement not only underpins the opportunity in the local market for Harvest, but fully justifies our decision to expand our production capacity, which will stand at 320,000 tonnes annually by early Q2.\n \n\"Encouragingly, this contract was signed before the registration of KPfértil with the Ministry of Agriculture ('MAPA'), which is being processed now and is expected to be certified by the end of ...