Highfield receives permit for MOP mine in Spain
Prospective potash producer Highfield Resources has received its environmental permit for the 1mn t/yr Muga potash project in Spain.
The permit was key to move the project forward, and the company will now work on securing a mining concession and construction permits, as well as completing the final project design.
Highfield expects construction to start in one year, with first production projected to start at the end of 2022. The project is in a favourable location, close to port and the premium MOP market of west Europe. The region is served by some nearby existing mines, but European MOP production is declining, as many of the mines are expensive to operate.
Mineral resources at Muga are pegged at 235mn t of 12.3pc K20, with 109mn t of proven and probable reserves at 10.2pc K20. The project is currently for an MOP mine, but it could potentially produce both MOP and SOP.
Related news posts
Qatar's Muntajat raises September sulphur price
Qatar's Muntajat raises September sulphur price
London, 29 August (Argus) — Qatar's state-owned sulphur producer and marketer Muntajat/Qatar Energy has raised the Qatar Sulphur Price (QSP) for September to $125/t fob Ras Laffan/Mesaieed. This is up by $19/t on its August QSP set at $106/t fob after spot prices rose. The latest spot tenders from Qatar and Kuwait have attracted several bids at $120s/t fob from trading firms. This follows a substantial rise of $25/t from July to August, when the latest round of price increases in the spot market started to filter through, as phosphate fertilizer prices firmed and some supply curbs limited output from the usual producers. The latest adjustment for September implies delivered pricing to China of $151-157/t cfr at current freight rates, which were last assessed on 22 August at $26-28/t to south China and at $30-32/t to Chinese river ports for a shipment of 30,000-35,000t. But with China cfr assessments at $134-139/t cfr on 22 August, delivered prices were below the implied range in the previous round of business, as buyers opted to wait and see what was the outlook for fertilizer exports prior to booking more raw material imports. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
India's NFL closes tender to buy urea, offers in
India's NFL closes tender to buy urea, offers in
Amsterdam, 29 August (Argus) — Indian fertilizer importer NFL has closed its tender to buy urea today, with initial unconfirmed feedback pointing to lowest offers at around or slightly below $340/t cfr west coast. NFL will evaluate and open technical offers on 30 August, with an expectation that prices will be officially revealed early next week. NFL has requested a shipment window from load ports up to 31 October. The lowest offer price, if confirmed, would reflect netbacks of around low-mid $320s/t fob Middle East and $280/t fob Baltic, accounting for freight rates and other costs. Indian appetite for fresh urea imports is strong, despite considerable inventories, driven by a strong monsoon. Participants expect that NFL could purchase at least 1mn t of urea under this tender. Rainfall rose by 7pc from the long-term mean since the start of June, which has buoyed domestic offtake. Urea sales to consumer could hit as high as 5mn t this month, up from 4.68mn t in August last year. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
CMOC issues buy tender for sulphur to Brazil
CMOC issues buy tender for sulphur to Brazil
London, 28 August (Argus) — The Brazilian operation of Chinese metals producer and sulphur consumer CMOC issued a tender to buy 40,000 metric tonnes (t) of sulphur for late October delivery at the Santos port's Tiplam terminal. The tender closes for offers on 3 September. The buyer last awarded a tender closed on 10 July for 40,000t of sulphur to arrive in September at Santos' Termag terminal priced at $119/t cfr. Other buyers have since bought spot tonnes in a higher spot market during August for September-October arrival priced between high $130s/t and low $140s/t cfr. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
EABC eyeing switch to DAP from NPS in large tender
EABC eyeing switch to DAP from NPS in large tender
London, 28 August (Argus) — Ethiopian Agricultural Businesses (EABC) is preparing to seek DAP in its annual large-scale fertilizer tender, rather than NPS/NPSB, Argus understands. Argus has been unable to confirm this with EABC. But several sources reported that the switch to DAP is being seriously considered, and one rated the change as highly likely. Typically, the corporation seeks large amounts of NPS and NPSB, and Moroccan major fertilizer producer OCP is awarded the full volume. In its 2023 tender — issued in August — EABC requested a little over 1.02mn t of NPSB and 332,300t of NPS, as well as 980,000t of urea. The NPS grades that EABC receives contain nutrient values of around 19pc nitrogen, 38pc phosphorus and 7pc sulphur. But it may be set to abandon complex fertilizers in favour of DAP this year. It is set to seek 800,000-1mn t of the phosphate product, one source said. The switch should allow the process to be more unpredictable, with various producers vying for awards, rather than one manufacturer being all but certain to supply the full amount. But global DAP supply is tight, keeping prices firm, which would make EABC's decision — if and when confirmed — all the more surprising. OCP has already sold 510,000t of DAP for September-November shipment to India, which is short of the grade because of lower imports earlier in the year. EABC is expected to issue its tender in the next two weeks. By David Maher Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
![](/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F14-generic-hero-banners%2Fherobanner_1600x530_generic-c.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3DFC2BEDE406483FEF5FDB9549159BAC11&w=3840&q=75)
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more