Emmerson PLC - Moroccan-focused potash development company - Expects to receive mining license and environmental permit for its Khemisset potash project in Morocco in the first half of 2021. also expects construction on its Khemisset project to start by the end of the fourth quarter of its 2021 financial year. Notes several workstreams are underway, including operational capability build-out, additional technical work and project de-risking, front end engineering and design and financing, which Emmerson is confident to have in place by the third quarter of its 2021 financial year.
"Whilst we remain cognisant that we are operating in an unusual time in history with Covid-19 playing a major role in the way businesses are run, we believe that targets can still be met and look forward to 2021 with confidence," says Chief Executive Graham Clarke.
Current stock price: 6.00 pence
Year-to-date change: up 13%
By Zoe Wickens; zoewickens@alliancenews.com
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Emmerson (EML)