Harvest Minerals Limited MAPA Approval for New Big Bag Facility (8583M)
September 19 2019 - 2:00AM
UK Regulatory
TIDMHMI
RNS Number : 8583M
Harvest Minerals Limited
19 September 2019
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
19 September 2019
Harvest Minerals Limited ('Harvest' or the 'Company')
MAPA Approval for New Big Bag Handling and Storage Facility
Harvest Minerals Limited, the AIM listed fertiliser producer, is
pleased to announce that the Ministry of Agriculture ('Ministério
da Agricultura', or 'MAPA') has issued approval for the Company's
new "big bag" handling and storage facility, located at the Arapua
Project ('Arapua'), where it produces KPFértil, a multi-nutrient
direct application natural remineraliser.
Key Points
-- Big bag handling and storage facility located adjacent to
existing KPFértil production facility
-- MAPA approval enables the marketing and distribution of
KPFértil in one tonne bags, supplementing current bulk sales
-- New storage facility with capacity to hold 500 one tonne big
bags completed and certified by MAPA
-- One tonne big bag suited for the smaller scale agricultural market and co-operatives
Brian McMaster, Executive Chairman of Harvest stated, "The focus
this year has been on sales and marketing, continuing to improve
our facilities and increase our efficiency in order to better serve
our customers as we build a sustainable business. We were delighted
to receive the necessary MAPA approval to advance our one tonne big
bag marketing and distribution initiatives as the ability to
distribute KPFértil in one tonne big bags will help us to service a
broader range of clients, as well as assist in marketing KPFértil
to new customers."
To view this announcement with illustrative images, please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/8583M_1-2019-9-18.pdf
Full Details
The planned expansion to the Company's storage capacity (as per
the announcement dated 11 November 2018) was completed on schedule
and budget during Q2 2019 and incorporated the required equipment
to handle and fill one tonne big bags. The new facilities are
adjacent to the existing production facility and have the capacity
to store 500 one tonne big bags.
Before commissioning, the new facilities were inspected and
approved by the MAPA. Representatives from MAPA visited the project
on 21 August 2019 and following a thorough inspection, the new
storage facilities, bulk bag handling equipment and bulk bags
including labelling have now been approved for use.
Figure 1: New "Big Bag" storage facility and loader
Figure 2: Big bag labels
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
*ENDS*
For further information please visit www.harvestminerals.net or
contact:
Harvest Minerals Limited Brian McMaster Tel: +44 (0) 20 7317
(Chairman) 6629
Dr Mark Heyhoe
(COO)
Strand Hanson Limited James Spinney Tel: +44 (0) 20 7409
Nominated & Financial Adviser Ritchie Balmer 3494
Jack Botros
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
Broker 9900
St Brides Partners Ltd Isabel de Salis Tel: +44 (0) 20 7236
Financial PR Gaby Jenner 1177
Notes
Harvest Minerals Limited (HMI.L) is an AIM-quoted low-cost and
high margin Brazilian fertiliser producer, located in the heart of
the largest and fastest growing fertilizer market in Brazil.
Our product, KPFértil, is a registered and approved organic
multi-nutrient direct application fertiliser. It contains many of
the essential nutrients and minerals required by plants and, unlike
most fertilisers, it does not require any complex processing or
chemically alteration, instead it can be applied directly to
crops.
KPFértil is produced at the wholly owned Arapua project, that
consists of a fully permitted mine, production and storage
facilities able to produce and deliver KPFértil to customers. Known
mineralisation at the Project is expected to support 100+ years'
production at 450Ktpa.
Our focus now remains on growing our business and we have the
dedicated in-country sales and marketing team with the skills,
experience and contacts to sell KPFértil into the potential
multi-Mtpa market on the doorstep of the Project.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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