Emmerson Plc (LON:EML)

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Founded in 2016, Emmerson Plc is an Isle of Man-based potash company engaged in the development of Khemisset Potash project in Northern Morocco. The company focuses on the acquisition of a target business or company. The company’s objective is to be the first and leading potash producer in Africa and to create lasting employment and high returns to Morocco and its shareholders by partnering with a global renewable energy company. The company’s shares are traded on the Main Market Segment of the London Stock Exchange since 15 February 2017 as LON: EML.

Following completion of the acquisition, the company will operate the acquired business. The company’s primary project include Khemisset Potash Project in Northern Morocco, which has a large JORC Resource Estimate of 537Mt @ 9.24% K20 and significant potential with an low capital cost, high margin potash mine and  accelerated development pathway. The feasibility study shows that the project has a post-tax NPV8 of US$1.4 billion and IRR of 38.5% to produce around 810,000 tonnes of K60 MOP per annum during steady state operations over the initial 19 years mine life. The project had displayed an incredibly low pre-production capital cost of US $387 million, which is less than half of its global peer average capital intensity. It is located in one of the fastest growing potash consuming countries in the world such as Europe, Brazil, Africa and the US market, which will offer the company with a premium netback price relative to many of its peers.

Contact Information

company address Ioma House, Hope Street IM1 1AP Isle of Man

company websitehttps://www.emmersonplc.com/

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