Business
Substantial Operational Expansion
Substantial Operational Expansion.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 8061B Harvest Minerals Limited 15 January 2018 \n\nTo view the press release with the photographs, please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/8061B_-2018-1-14.pdf\n \nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n15 January 2018\nHarvest Minerals Limited\n('Harvest' or the 'Company')\n \nSubstantial Operational Expansion\n \nHarvest Minerals Limited, the AIM listed fertiliser producer, is pleased to announce that the Company is substantially expanding operations at its 100% owned Arapua Fertiliser Project ('Arapua') in Brazil. This includes the enlargement of the existing modular processing plant and the expansion of its Brazil based sales and marketing team as a direct result of expected accelerated growth in sales of KPfértil, its proven, multi-nutrient, slow release, organic fertiliser and remineraliser following the successful soft product launch in late 2017.\n \nHighlights\n· Four additional knife mills and associated infrastructure ordered, to be fed by the existing knife mill, taking annual capacity to over 320,000 tonnes\n· Plant expansion expected to be installed and commissioned by the commencement of Q2, 2018\n· Fully funded to meet the capital cost of the expansion\n· Expansion creates single production line with additional production lines to be added as required\n· Currently expanding local sales and marketing team to broaden geographical focus\n· Brazilian Ministry of Agriculture Livestock and Supply ('MAPA') reviewing application to certify KPfértil as a remineraliser - anticipated to be processed early Q1, 2018\n \nHarvest's Executive Chairman, Brian McMaster, said, \"Whilst 2017 was a transformational year for Harvest, completing key agronomic test work and achieving and delivering first sales, 2018 is shaping up to be an even more significant year as we focus on increasing sales and broadening our market penetration. We have hit the ground running in 2018 and are now implementing the plans to make this happen; the fully funded plant expansion, which should be commi...