Emmerson PLC - Moroccan-focused potash development company - Appoints Shard Capital Corporate Finance to lead the structuring and arranging of project finance debt for its Khemisset potash project.
"The project benefits from an industry-leading cost profile in terms of both capital costs and bottom quartile all-in delivered cost to customer, which together yield outstanding economic metrics including average annual life of mine Ebitda of USD236 million and a post-tax net present value of USD1.4 billion based on the feasibility study," Emmerson said.
Current stock price: 5.10 pence
Year-to-date change: up 26%
By Paul McGowan; paulmcgowan@alliancenews.com
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Emmerson (EML)