Highfield Resources announces Muga potash project update
Highfield resources has announced that the engineering and design of its Muga project has progressed in line with its internal plan, and the company is ready to issue all necessary documentation to its construction partner. The key long-lead items, notably the bolter miner, have already been committed.
With the appointment of Endeavour Financial as its debt financial advisor, the company has begun to move forward with its financing strategy.
The company is in a position to proceed with the project as soon as the mining concession is granted; there will be no significant new financial commitments until that point.