Appointment of Mining Contractor

RNS Number : 0063K

Harvest Minerals Limited

16 September 2016

 

16 September 2016

Harvest Minerals Limited

("Harvest" or the "Company")

ARAPUA FERTILISER PROJECT UPDATE - APPOINTMENT OF MINING CONTRACTOR

Harvest Minerals Limited ("Harvest" or "the Company") is pleased to announce the appointment of DK Transportes, Demolição e Locação Eireli ("Eireli") as the principal contractor at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.

Eireli's contract comprises two stages, namely:

·    Stage 1 - relating to civil works including construction of site access and the stockpile areas and also including removal and stockpiling of the overburden from the planned open pit. This work is expected to take approximately 30 work days to complete; and

·    Stage 2 - relating to the mining and stockpiling of an initial 50,000 tonnes of ore. This work will commence immediately once the Trial Mining permit has been granted. This stage is expected to take approximately 40 work days to complete.

Eireli is currently mobilising the required equipment and personnel and is expected to commence work at the project site within the next seven working days.

Executive Chairman of Harvest, Brian McMaster, commented: "The award of the Environmental License last week allows Harvest to commence the initial civil groundworks in preparation of mining. With the appointment of Eireli, we will now begin constructing the site access, preparing the ROM pads and stripping the overburden. The completion of this is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule."

Enquiries:

Harvest Minerals Limited	Brian McMaster, Chairman	Tel: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	Rory Murphy James Spinney Ritchie Balmer	Tel: [phone]
Mirabaud Securities LLP (Broker) Beaufort Securities Ltd (Joint Broker) Buchanan (Financial PR)	Rory Scott Jon Bellis Bobby Morse Anna Michniewicz	Tel: + 44 20 7878 3360 Tel: + 44 20 7382 8300 Tel: [phone]

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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