Why Owen Hegarty is bullish on Pamplona potash project

Mining veteran Owen Hegarty says potash projects make more sense in a world where a growing population is eating more, and there is less arable land to produce food.

His private equity firm, EMR Capital, has agreed to tip another $18 million into Highfield Resources through a convertible note in a sign of faith in potash demand in Europe, where major producers of the crop nutrient, Russia and Belarus, are under trade sanctions.

Another long-time Highfield backer, Tectonic Investment Management, is investing $7 million as part of a total cash injection of about $25 million to advance the Muga potash project near Pamplona, Spain.

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