RE: Brian McMaster23 Dec 2020 23:51
My recollection is it was maiden profit (which was a loss of course). On the subject of research perhaps you d like to comment on this ?Wed, 26th Sep 2018 07:00
RNS Number : 9249B
Harvest Minerals Limited
26 September 2018
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
26 September 2018
Harvest Minerals Limited ('Harvest' or the 'Company')
Question and Answer Document
Harvest Minerals Limited, the AIM listed fertiliser producer, is pleased to release this Q&A to publicly answer questions the Company has received from shareholders over recent months. The questions are repeated here as they have been asked and we have grouped them into broad categories for the ease of reference only.
OPERATIONS
Is the 320Kt pa current plant capacity based on 8, 12 or 24hr production and can it be scaled up by simply increasing man hours or is its storage/ plant the limiting factor?
The 320Ktpa production capacity figure is based on three x 7.5-hour shifts, 5.5 days a week for 50 weeks a year. That schedule includes 1.5 days per week for routine maintenance and is a commonly accepted industry shift rotation for an operation as simple as ours. As we have said previously, to scale up production further, we will need to install another processing line which is a relatively straight forward process that should cost ~US$1m and take circa 3-4 months to fabricate and install. There are no limiting factors to expand capacity.
Will you need to do any further work at the plant?
No. The plant is fully operational. We have the option to switch our power supply from generator to the national grid. The infrastructure is in place for this and we are awaiting the power company's technicians attending site to facilitate the transfer, which we expect to happen this year. Once we have been connected to the national grid, we have no further work planned at the plant.