Business
Review of 2020 and Outlook for 2021
Review of 2020 and Outlook for 2021.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 8720N\n Harvest Minerals Limited\n 03 February 2021\n \n \n \n \n Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n \n \n 3 February 2021\n \n \n Harvest Minerals Limited ('Harvest' or the 'Company')\n \n \n \n \n \n Review of 2020 and Outlook for 2021\n \n \n \n \n \n Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to provide shareholders with a recap of its activities during 2020 and outlook for what is expected to come in 2021 as it continues to make strides at its 100% owned revenue generating Arapua Fertiliser Project in Brazil ('Arapua'). \n \n \n \n \n \n 2020 / Outlook Highlights:\n \n \n · \n Total sales orders of 54,155 tonnes of KP Fértil®, beating our previously stated 50,000 tonnes target for the year\n \n \n o \n 2021 sales guidance targeted at 80,000 tonnes\n \n \n · \n Awarded full mining and environmental permits to mine and process up to 400Ktpa of KP Fértil® \n \n \n · \n Product storage capacity expanded by 300% to a total of 30,000 tonnes of product\n \n \n · \n Mining area increased four-fold to 78,894m2 providing greater production flexibility according to demand and reducing operating costs\n \n \n · \n Completed a series of agronomic tests \n \n \n o \n Coffee - outstanding results based on long-term trials carried out at a large producing farm\n \n \n o \n Sugarcane plantation areas and carrot crops - superior yield performance when using KP Fértil® compared to more traditional fertilisers\n \n \n · \n Planted 18,000 native trees during 2020 to offset emissions generated by the diesel used in our operations\n \n \n · \n Agreement with Banco do Brasil whereby Harvest's clients can access the bank's rural line of credit to fund its product orders\n \n \n · \n Protocol of Intentions signed with the Institute for Integrated Development of Minas Gerais ('INDI') for assistance in areas such as business matchmaking with local suppliers, permitting and licences, tax planning, and funding options, as it may be required\n \n \n \n \n \n \n Brian McMaster, Chairman of Harvest, said:\n \n \n \"This past year was one of consolidation of our operational platform ensuring the necessary scalability to meet market demand as the effectiveness of our KP Fértil® product becomes more widely known across t...