Emmerson PLC Partnerships with University-Environmental Studies (7088B)
February 03 2020 - 1:20AM
UK Regulatory
TIDMEML
RNS Number : 7088B
Emmerson PLC
03 February 2020
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
3 February 2020
Emmerson Plc ("Emmerson" or the "Company")
Partnerships with Moroccan University PhD Candidates to Assist
with Environmental Studies
Emmerson Plc, the Moroccan focused potash development company,
is pleased to announce that it has signed a scientific partnership
with the Rabat Scientific Institute with the purpose of funding PhD
scholarship studies on animal species in the area of its flagship
Khemisset Potash Project ("Khemisset" or "the Project"), and which
will provide key information for the Environmental Impact
Assessment that is currently underway for the Project.
Khemisset is a world class potash development with industry
leading, low capital cost to production and, as result of its
location, within close proximity to numerous key potash markets, is
projected to have among the highest margins in the potash industry.
This results in compelling economics including a post-tax NPV(10)
of over US$1.1bn using industry expert Argus FMB price
forecasts.
Emmerson is committed to the highest standards of corporate and
social responsibility including adopting the IFC Performance
Standards which provide international best practice for the
sustainable development of mining projects. Ecological aspects of
the project area and gaining a thorough understanding of the
various species of flora and fauna is paramount, with a focus on
identifying any potentially vulnerable species. The scientific
partnership with the oldest scientific institution in Morocco has
established a framework for granting honours scholarships for two
students to prepare post-graduate theses.
To view the RNS with images please see the PDF:
http://www.rns-pdf.londonstockexchange.com/rns/7088B_1-2020-2-3.pdf
Highlights
-- The Company to provide a full year scholarship payment to the
students as well as a confirmed budget to cover field investigation
costs and the purchase of equipment and tools to be used in the two
studies
-- The Rabat Scientific Institute has an established track
record of collaboration with government bodies and companies on
similar scientific research frameworks (www.israbat.ac.ma)
-- Partnership with two outstanding professors in biodiversity
with an important background in relevant research and publications
are nominated to supervise the two students in their theses
-- Biodiversity field investigations are still within the scope
of Phenixa as part of the full ESIA study and these academic
reports will provide complementary support
Hayden Locke, CEO of Emmerson, commented:
"Morocco has numerous outstanding universities and scientific
institutions, and we are very pleased to be partnering with the
Rabat Scientific Institute to offer these important scholarships to
its PhD candidates.
"Partnering with local institutions and businesses on work to be
completed for the Project is a core tenet of our Corporate and
Social Governance policy and, as always, we have been impressed by
the high quality of potential candidates presented to us for this
work.
"The Feasibility Study continues to progress well, with more
news flow expected in the coming weeks and months in the lead up to
its release to the market. We look forward to continuing to keep
the market updated with various important milestones for 2020 as we
move closer to our goal of becoming a low cost producer of
potash."
Figure 1: Meeting between Company representatives and the Rabat
Scientific Institute - See PDF
Figure 2: Initial Site Visit with PhD Candidates - See PDF
**ENDS**
For further information, please visit www.emmersonplc.com, follow
us on Twitter (@emmerson_plc), or contact: Emmerson Plc Tel: +44 (0) 20 7236
Hayden Locke 1177
Edward McDermott
Damon Heath Shard Capital Partners Tel: +44 (0) 20 7186
Isabella Pierre 9950
Isabel de Salis St Brides Partners Ltd Tel: +44 (0) 20 7236
Megan Dennison Financial PR/IR 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset Potash
Project located in Northern Morocco. The project has a large JORC
Resource Estimate (2012) of 537Mt @ 9.24% K(2) O and significant
exploration potential with an accelerated development pathway
targeting a low capex, high margin mine. Khemisset is perfectly
located to capitalise on the expected growth of African fertiliser
consumption whilst also being located on the doorstep of European
markets. This unique positioning means the project will receive a
premium netback price compared to existing potash producers. The
need to feed the world's rapidly increasing population is driving
demand for potash and Emmerson is well placed to benefit from the
opportunities this presents.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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