Emmerson PLC Successful Stakeholder Day at Khemisset Project
13 August 2018 - 11:30PM
RNS Non-Regulatory
TIDMEML
Emmerson PLC
13 August 2018
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
13 August 2018
Emmerson Plc ("Emmerson" or the "Company")
Successful Stakeholder Day at Khemisset Potash Project,
Morocco
Emmerson Plc, the Moroccan focused potash development company,
is pleased to announce that the Company recently held a stakeholder
day hosted by the office of the Governor of the Khemisset Province
in northern Morocco where the Company's Khemisset Potash Project
("Khemisset" or "the Project") is located. The stakeholder day was
aimed at increasing the Project awareness and stakeholder
engagement which are key facets of the IFC Performance Standards,
to which the Company intends to adhere, for the Project
development. The meeting was both well attended and supported by a
broad profile of interested parties. To view the press release with
the images included please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/6460X_1-2018-8-13.pdf
The meeting was attended by over 30 local stakeholders,
predominately the Presidents and Vice Presidents representing the
Province of Khemisset, Regional Council, local communes, as well as
representatives of Royal Gendarmerie of the Province of Khemisset.
The Company presented the history of the Project, its plans for the
development of a potash mine over the coming years, and the
potential impact of the Project on the regional as well as national
economy. There was also a Q&A session during the meeting where
the attendees got the chance to better understand the Company and
Project, and during which they expressed their full support for the
Project and their gratitude for the level of engagement at this
early stage.
As stakeholder engagement is a key facet of the IFC Performance
Standards for the Project development, similar engagement meetings
will be organised on a regular basis and will form an integral part
of the on-going development of an IFC compliant Environmental and
Social Impact Assessment ("ESIA") for the Khemisset Project.
Hayden Locke, CEO of Emmerson, commented:
"Developing a strong social licence to operate is at the core of
our aim to build Khemisset into a low capex, high margin potash
mine, which makes a positive impact for our shareholders, and as
importantly, in our local communities. The encouraging support we
received during our stakeholder day is a significant first step for
the Company towards this social licence.
"Stakeholder engagement is fundamental to delivering an IFC
compliant ESIA, which in turn is a requirement by major project
financing banks to look at financing a new mine development.
"The Scoping Study and technical work on the ground at Khemisset
are progressing well and I look forward to providing further
updates on our progress on both an operational and social
level."
**ENDS**
For further information,
please visit
www.emmersonplc.com,
follow us on
Twitter (@emmerson_plc),
or contact: Emmerson Plc Tel: +44 (0) 207 236
Hayden Locke 1177
Edward McDermott
James Biddle Beaumont Cornish Limited Tel: +44 (0) 207 628
Roland Cornish Financial Adviser 3396
Jeremy King Optiva Securities Limited Tel: +44 (0) 3137 1904
Broker
Lottie Wadham St Brides Partners Ltd Tel: +44 (0) 20 7236
Susie Geliher Financial PR/IR 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset Potash
Project located in Northern Morocco. The project has a large JORC
Resource Estimate (2012) of 311.4Mt @ 10.2% K(2) O and significant
exploration potential with an accelerated development pathway
targeting a low capex, high margin mine. Khemisset is perfectly
located to capitalise on the expected growth of African fertiliser
consumption whilst also being located on the doorstep of European
markets. This unique positioning means the project will receive a
premium netback price compared to existing potash producers. The
need to feed the world's rapidly increasing population is driving
demand for potash and Emmerson is well placed to benefit from the
opportunities this presents.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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