Harvest Minerals Limited (DI) (HMI)

Sector:

Mining

Index:

FTSE AIM All-Share

2.15p
   
  • Change Today:
    -0.050p
  • 52 Week High: 6.05
  • 52 Week Low: 0.71
  • Currency: UK Pounds
  • Shares Issued: 189.17m
  • Volume: 50,496
  • Market Cap: £4.07m
  • RiskGrade: 338

Harvest Minerals connects Arapua project to Brazilian power grid

By Josh White

Date: Wednesday 20 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Fertiliser producer Harvest Minerals announced on Wednesday that the Brazilian energy company CEMIG had connected its Arapua multi-nutrient, direct application, natural fertiliser project to the country's main electricity grid.
The AIM-traded firm said that last May, it received all the required permits to connect the project to the power grid, and that as part of the plant expansion last year it installed a 600 KW power substation and two transformers to supply the plant, as well as the office and other onsite facilities.

In early January, that infrastructure was connected to the grid by CEMIG, before being tested and approved by the CEMIG technicians on 18 February.

Receiving power from the national grid also represented a potential cost saving to the company, having previously relied on higher-cost diesel power.

The current installed capacity exceeds the maximum current demand by 15%, with Harvest saying it could easily be upgraded to 2,500 kW.

"The plant upgrade and expansion we installed last year is working well and by switching from diesel to grid power we will be able to continue to control costs and maintain our position as one of the lowest cost producers in the world," said executive chairman Brian McMaster.

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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 2.15p
Change Today -0.050p
% Change -2.27 %
52 Week High 6.05
52 Week Low 0.71
Volume 50,496
Shares Issued 189.17m
Market Cap £4.07m
RiskGrade 338

HMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average16.70% above the market average
4.55% below the sector average4.55% below the sector average4.55% below the sector average4.55% below the sector average4.55% below the sector average
Price Trend
38.94% below the market average38.94% below the market average38.94% below the market average38.94% below the market average38.94% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income Not Available
Growth
59.80% above the market average59.80% above the market average59.80% above the market average59.80% above the market average59.80% above the market average
67.21% above the sector average67.21% above the sector average67.21% above the sector average67.21% above the sector average67.21% above the sector average

HMI Dividends

No dividends found

Trades for 31-May-2024

Time Volume / Share Price
16:07 1,000 @ 2.00p
16:07 257 @ 2.00p
16:07 2,000 @ 2.00p
16:07 7,008 @ 2.14p
16:04 3,226 @ 2.14p

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