AUS
NZ
UK
CA
USA
IND
_10_04_2024_16_38_50_427275.jpg)
Summary
- Harvest Minerals Limited has reported that it has received positive agronomic test findings for sugarcane plantation fields using KP Fertil at its Arapua project in Brazil.
- The agronomic test has given a superior crop performance in sugarcane farm areas.
- Arapua project consists of eight mineral assets with exploration permits approved and covering a region of 14,946 ha.
Harvest Minerals Limited (LON:HMI), a natural fertiliser firm focussed in South America, has reported that it has received positive agronomic test findings for the sugarcane plantation fields using its KP Fertil at its Arapua project in Minas Gerais state in Brazil.
The fertiliser producer said the agronomic test had given a superior crop performance in sugarcane farm areas in comparison with the traditional and broadly used reactive phosphate Bayovar fertiliser. Harvest Minerals’ product KP Fertil, is a direct application natural remineraliser.
Brian McMaster, Chairman at Harvest Minerals, said the crop performance had shown a remarkable result during the agronomic tests. It is more effective than Bayovar, which is popular and commonly used by the sugar mills in Brazil.
The Arapua project consists of eight mineral assets with approved exploration permits and covers a region of 14,946ha. The project is split into three units -- Arapua, Pindaibas and Maxixe, according to the business intelligence firm Bnamericas’s database.
Earlier in April, Harvest Minerals started the expansion works for the mining region and storage capability at its fertiliser project Arapua despite the pandemic crisis.
At that time, McMaster had said there has been uncertainty about the business and economic activities in the wake of the coronavirus pandemic. But the company is looking at the long-term prospects if the operations don’t pick up.
The company has said that the expansion for its storage facilities is important as it will provide a platform to increase stockpiles of dry material during the rainy season and also to meet projected demand.
McMaster added that the fertiliser producer is commencing the expansion with a robust cash balance and the firm is placed well in order to emerge stronger than ever. The expansion in the mining region will enable the company to have increased production and will offer an extra run for the mine storage facility.
Also, the operating cost per ton of the company would be significantly reduced as the production would be increased due to the expansion of the storage facility.
