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

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

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Share Price: 1.85
Bid: 1.70
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.30 (17.647%)
Open: 1.85
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Low: 1.85
Prev. Close: 1.85
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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.

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7 Mar 2018 11:50

Harvest Minerals Shares Rise As Major Sales Order For KPfertil Signed

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Harvest Minerals upbeat after Maximus drilling programme

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30 Dec 2016 08:23

Harvest Minerals Expects Arapua Resource Upgrade On Drilling Results

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22 Dec 2016 14:37

Harvest Minerals begins trial mining at Maximus Prospect

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9 Dec 2016 14:32

Harvest Minerals submits final documents for Brazil mining permit

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7 Nov 2016 14:21

Harvest Minerals makes good progress at Maximus

(ShareCast News) - Harvest Minerals updated the market on progress at the Maximus Prospect, part of its Arapua Fertilizer Project, located in the Brazilian state of Minas Gerais on Monday. The AIM-traded company said a number of work streams were being actively pursued at Maximus. The first was an

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28 Sep 2016 14:27

Harvest Minerals begins open pit and drilling work

(ShareCast News) - Harvest Minerals announced on Wednesday that it has started infrastructure work in preparation of commencing open pit mining. Additionally, the AIM-traded company confirmed it is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, loca

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8 Sep 2016 10:51

Harvest Minerals receives environmental licence at Maximus

(ShareCast News) - Harvest Minerals announced on Thursday that it has received the environmental licence for the Maximus project at its Arapuá Phosphate Project in Brazil. The AIM-traded firm said that, following the granting of the required municipal and federal operating approvals, the environment

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23 Aug 2016 12:12

Harvest Minerals says positive test results at Maximus prospect

(ShareCast News) - Harvest Minerals confirms positive results for the latest agronomic and metallurgical test-work conducted at the Maximus prospect, part of its Arapua Fertiliser Project in Brazil. It said all results were well within the required specifications and that notably no toxic elements w

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23 Aug 2016 07:00

Harvest Upbeat On Product From Arapua, To Drill Before End Of 2016

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Harvest Minerals eyes start of trial production at Maximus by year-end

(ShareCast News) - Harvest Minerals signed the lease for the land containing the Maximus resource, potentially paving the way for trial production to kick-off by year-end 2016. The fertilizer manufacturer's Brazilian subsidiary Triunfo Fertilizantes and Mineração Ltda would now be able to progress w

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10 Aug 2016 10:20

Harvest Minerals spikes on promising fertiliser study

(ShareCast News) - Harvest Minerals shares spiked as an initial study confirmed its Brazilian fertiliser project could be financed from existing cash reserves, with first production due later this year. The scoping study indicated that Harvest Minerals's Maximus direct application natural fertiliser

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10 Aug 2016 08:53

Harvest Minerals Study Shows Solid Economics For Fertilizer Project

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