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Highfield Resources awards contract for declines and underground infrastructure at Muga

March 12, 2024

Highfield Resources Ltd (ASX:HFR) has signed a contract for construction of the declines and underground mining infrastructure at the Muga-Vipasca Potash Project in Spain.

This contract has been awarded to the joint venture (JV) formed by mining specialist contractors EPOS-Empresa Portuguesa de Obras Subterráneas S.A. of Portugal and TUNELAN-Obras Subterráneas S.A. of Spain (EPOS-TUNELAN).

The value of the decline contract is €48 million and is aligned to the estimated construction cost of the declines included in the Updated Muga Feasibility Study of November 7, 2023.

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