George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHarvest Mi (di) Share News (HMI)

Share Price Information for Harvest Mi (di) (HMI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.85
Bid: 1.70
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.30 (17.647%)
Open: 1.85
High: 1.85
Low: 1.85
Prev. Close: 1.85
HMI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Harvest Minerals Pleased With Sales Heading Into Key Buy Period

Mon, 03rd Jun 2019 16:59

LONDON (Alliance News) - Natural fertiliser producer Harvest Minerals Ltd on Monday said it is "pleased" with the way its sales have been going in 2019.

The company, issuing correspondence with shareholders in the last few months, said its focus has been on "driving sales" through distributors.

"January to April is the quiet period for our main markets, but now we have entered the start of the key buying period, sales are increasing as expected," the company said.

Harvest Minerals said the key buying season for its main crops - coffee and sugar - is between May and October. Coffee currently accounts for 55% of the company's sales, followed by soybeans at 28%.

"However, we have been getting good traction with several sugarcane producers and believe that sugarcane could become a major market for us in the near term," the company added.

Harvest Minerals continued: "In addition, as KPfertil is a new product, we don't forecast sales numbers as one or two big orders in a particular period can heavily impact the sales forecasts."

The company said it is looking to develop "several new products" around KPfertil, but Harvest Minerals "immediate emphasis" will remain on generating sales for its base product.

Replying to shareholder concerns about the company's plant, Harvest Minerals said: "We are very happy with how the plant is operating. During the wet season when there are fewer deliveries, we have been processing stockpiled mined ore as required and the plant has been able to operate above the name plate capacity on a consistent basis.

"The plant has been able to process material above capacity and therefore no further work required to optimise it. The last specific work we carried out on the plant was switching to grid power and the only new work we have been carrying out has been to increase the product storage and ore stock capacity."

Harvest Minerals said it has completed all the necessary work for a mining permit and is now waiting on the Brazilian Department of Mines' decision.

"It is largely out of our hands, but we remain hopeful of receiving an affirmative decision by year-end," the company added.

Shares in Harvest Minerals closed down 1.6% Monday at 6.00 pence each.

More News
29 Mar 2019 13:01

Harvest Minerals Interim Loss Widens Sharply But Sees Annual Breakeven

LONDON (Alliance News) - Harvest Minerals Ltd on Friday said interim loss widened sharply due to an increase in operating costs and annual revenue is anticipated to be 25% lower than market was a

Read more
20 Feb 2019 14:56

Harvest Minerals connects Arapua project to Brazilian power grid

(Sharecast News) - Fertiliser producer Harvest Minerals announced on Wednesday that the Brazilian energy company CEMIG had connected its Arapua multi-nutrient, direct application, natural fertiliser project to the country's main electricity grid.

Read more
20 Feb 2019 10:58

Harvest Minerals Connects Arapua Project To Electricity Grid

LONDON (Alliance News) - Harvest Minerals Ltd on Wednesday said its Arapua natural fertiliser project in Brazil is now connected to the main electricity grid.Shares in the fertiliser were a

Read more
28 Jan 2019 10:12

Harvest Minerals Does Not Expect Dam Tragedy To Hurt Licence Request

LONDON (Alliance News) - Fertiliser firm Harvest Minerals Ltd said Monday it does not expect the fatal mining dam incident in Brazil on Friday to impact its application for a mining licence in the

Read more
19 Nov 2018 16:19

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 20 November Pan African ResourcesCap-XXPhysiomicsWednesday 21 22

Read more
17 Sep 2018 13:11

Harvest Minerals Sees Strong Results From KPfertil Fertiliser Testing

LONDON (Alliance News) - Brazil-focused fertiliser producer Harvest Minerals Ltd on Monday said recent testing has shown the effectiveness of its KPfertil product as a long-term grass by the of a

Read more
10 Sep 2018 15:02

David Edghill appointed CFO of Harvest Minerals

(Sharecast News) - Fertiliser development company Harvest Minerals announced the appointment of David Edghill to its senior management as chief financial officer on Monday.

Read more
10 Sep 2018 10:42

Harvest Minerals Appoints David Edgehill As New Finance Head

LONDON (Alliance News) - Fertiliser firm Harvest Minerals Ltd said Monday it appointed David Edgehill as its new chief financial officer with immediate effect.Edgehill joins Harvest from he

Read more
11 Jun 2018 16:40

UPDATE: Harvest Minerals Raises GBP10 Million Through Placing (ALLISS)

LONDON (Alliance News) - Harvest Minerals Ltd late Monday said it raised GBP9.7 million through an oversubscribed placing of 52.5 million shares at a price of 18.5 pence each.Earlier on it

Read more
11 Jun 2018 12:25

Harvest Minerals To Raise GBP9 Million By Placing; Signs Sales Order (ALLISS)

LONDON (Alliance News) - Harvest Minerals Ltd said Monday it intends to raise GBP9.0 million through a placing of shares at a price of no less than 18.5 pence per share.Shares in the were a

Read more
14 May 2018 10:40

WINNERS & LOSERS SUMMARY: IWG Rises On Potential Bidding War

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 0.8%. The British Gas parent said the first a

Read more
20 Apr 2018 13:50

Harvest Minerals To Grow Processing Capacity While Deals With Licences

LONDON (Alliance News) - Harvest Minerals Ltd on Friday said it expects processing capacity to increase, following new plant installation as it awaits a full mining license grant and product in it

Read more
29 Mar 2018 14:10

Harvest Minerals Progresses Brazil Mining License, Gets Report Okay

LONDON (Alliance News) - Harvest Minerals Ltd said on Thursday that the government Department of Mines has approved the final exploration report for its Arapua fertiliser in a

Read more
23 Mar 2018 11:33

Harvest Minerals Interim Loss Narrows As KPfertil Brings First Revenue

LONDON (Alliance News) - Harvest Minerals Ltd on Friday reported narrowed pretax loss for the first half of its financial year, as costs reduced, and said it generated first a

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.