Highfield Resources persists in believing in the future for Muga
Highfield Resources, an Australian company, has announced negotiations with the authorities of Spain, the province of Navarra and the autonomous community of Aragon regarding the Mining Concession for its Muga Potash Project. The Highfield Resources management is making every effort to finalize the issuance of the Mining Concession as soon as possible.
The Muga Project provides for the exploitation of potash deposits, composed mainly of sylvinite. Due to the mode of occurrence, their layers come close to the earth’s surface. The development of the deposits will be carried out by two enterprises using the chamber method with subsequent processing into potassium chloride.
Muga’s potash reserves are 263.7 million tonnes with an average potassium oxide content of 13.5%. Investments in it are estimated at 413 million euros, the projected production capacity is 1.08 million tonnes of potassium chloride per year.