Harvest Minerals Limited (DI) (HMI)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.48p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.50
  • 52 Week Low: 0.71
  • Currency: UK Pounds
  • Shares Issued: 189.17m
  • Volume: 85,044
  • Market Cap: £2.79m
  • RiskGrade: 338

Harvest Minerals inches closer to full approval for Arapua Project

By Josh White

Date: Monday 22 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Fertiliser producer Harvest Minerals updated the market on the status of its application for a full mining license for its Arapua Project, in the Brazilian agricultural belt at Minas Gerais.
The AIM-traded firm said Arapua was fully operational and producing 'KPFértil', a multi-nutrient direct-application natural remineraliser product.

It said the Agência Nacional de Mineração (ANM), formerly the Departamento Nacional de Produção Mineral, had confirmed its acceptance of the company's 'Plano de Aproveitamento Econômico', submitted by the firm in July last year.

It said that in essence, the plan was a feasibility study, wherein the company demonstrated that the Arapua project was technically and economically feasible.

The confirmation of its acceptance was the final step in the ANM's consideration of Harvest's application for a full mining license, the board said.

Additionally, the Superintendencia Regional de Regularização Ambiental had confirmed its acceptance of the company's environmental application.

The final step in the environmental approval process was a site visit, which the firm expected would occur later in the third quarter.

Assuming the site visit identified no issues, the approvals would be sent to the Minister of Mines in Brasilia for final approval.

At the current stage, Harvest Minerals said it expected final approval around the end of the fourth quarter.

Meanwhile, the form said it was continuing to operate unhindered under its current trial mining licence.

"This acceptance of both the company plan and the environmental application propels the company into the final stages of these permitting processes," said Harvest Minerals executive chairman Brian McMaster.

"Our application for the full mining license has been steadily progressing through all the required administrative stages; the ANM have responded to us within the required time frame and we expect the final administrative hurdles to be completed and the mining license to be granted around year end.

"Meanwhile, our production facilities continue to operate under our existing license as we continue to develop the KPFertil brand through the work of our dedicated sales and marketing team."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HMI Market Data

Currency UK Pounds
Share Price 1.48p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.50
52 Week Low 0.71
Volume 85,044
Shares Issued 189.17m
Market Cap £2.79m
RiskGrade 338

HMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.90% above the market average45.90% above the market average45.90% above the market average45.90% above the market average45.90% above the market average
19.08% above the sector average19.08% above the sector average19.08% above the sector average19.08% above the sector average19.08% above the sector average
Price Trend
65.03% below the market average65.03% below the market average65.03% below the market average65.03% below the market average65.03% below the market average
55.24% below the sector average55.24% below the sector average55.24% below the sector average55.24% below the sector average55.24% below the sector average
Income Not Available
Growth
58.19% above the market average58.19% above the market average58.19% above the market average58.19% above the market average58.19% above the market average
71.88% above the sector average71.88% above the sector average71.88% above the sector average71.88% above the sector average71.88% above the sector average

HMI Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
13:38 15,487 @ 1.55p
11:31 10,000 @ 1.54p
10:02 2,300 @ 1.40p
09:13 10,000 @ 1.54p
08:57 35,553 @ 1.44p

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