LONDON (Alliance News) - Emmerson PLC on Wednesday said it has completed a permitting roadmap for its Khemisset potash project in northern Morocco.
The potash development company said the permitting roadmap confirms its view that it will be in a position to commence construction of Khemisset shortly after completion of engineering and financing workstreams.
Meanwhile, Emmerson said environmental studies continue, with the completed baseline study showing no areas of concern which could materially impact the project.
"We continue to work towards designing and building a project that is not only highly profitable, but also world class in all aspects, and our continued application of IFC standards and Equator Principles will ultimately benefit all stakeholders and will allow investment by a wide range of debt and equity financiers," said Chief Executive Hayden Locke.
Emmerson shares were trading 2.4% higher on Wednesday at 4.92 pence each.
Emmerson (EML)