Emmerson PLC’s Morocco potash project on track to launch construction

Emmerson PLC’s Morocco potash project on track to launch construction

Head of Emmerson PLC Graham Clarke, a Morocco focused potash company, said that preparations are on track to launch Africa’s largest potash project in Khemisset (95 km east of Rabat)

Potash is a key ingredient in fertilizer production and demand for it is on the surge globally to meet increasing food needs.

The London-listed company will start construction of the mine and related infrastructure at the end of 2021 for a total cost of $400 million, Clarke told Reuters.

Production is expected to start in 2023, he said. Morocco is itself a potash importer and the mine will help supply the domestic market and beyond.

“With the low capital cost and high margins, the company will generate the payback period in three-five years depending on the potash price,” Clarke told Reuters.

In August, the company released a study showing that the project will create 760 direct jobs, increase Moroccan mineral exports by 8% and generate up to $63 million a year in taxes.

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