Highfield secures Bilbao port access to support low-cost strategy
Highfield Resources (ASX: HFR) has announced that it has signed a non-binding MOU with the Port of Bilbao that will assist the miner in executing its sales and marketing strategy for the Muga Potash Mine.
The agreement will see Highfield gain access to port capacity for at least 700,000 metric tonnes per annum of muriate of potash and salt, with the port authority providing logistics infrastructure and services.
The Port of Bilbao is a major deep-sea Atlantic port, and one of the biggest ports in Spain. It is located 220km by road from Muga, providing competitive logistical advantage to support for the company’s low-cost strategy.