Episode Details

In this episode, we have a returning guest who appeared back in July 2023 (Episode 353). Ignacio Salazar, CEO of Highfield Resources, who are an ASX listed potash company which focuses on the construction of its flagship low cost, low capex Muga Project in Spain and is forecasted to be one of the highest margin potash mines globally.

Ignacio has a background in economics and law and has worked in the O&G industry with Shell before moving over to the mining industry back in 2009. As the CEO of Highfield Resources since 2020, Ignacio tells us more about the company and the journey he has been through, a current update on the project and the potash industry and what the vision is for the company.

EMR Capital (has a stake in Highfield Resources) is going to be attending the upcoming IMARC Conference in Sydney on the 29-31st October at the Sydney Convention Centre so there’s a link below to purchase discounted tickets so you can meet like minded mining professionals at the event so be sure to get your ticket soon.

KEY TAKEAWAYS

• Highfield Resources is nearing the construction phase of its flagship Muga potash project in Spain, having successfully navigated the permitting and financing stages over the past four years.
• The company secured a binding deal worth €220 million (approximately $240 million) in equity financing, which, combined with previous funding, brings the total to €550 million, sufficient to cover the project's capital expenditure and contingencies.
• Highfield has formed strategic partnerships with investors, including a significant group from Asia, which not only provides capital but also enhances access to markets, particularly in the Asia-Pacific region.
• The potash market is expected to remain strong in the long term due to increasing global food demand and declining arable land. However, short-term challenges include fluctuating prices influenced by geopolitical factors, particularly the roles of Russia and Belarus in the market.

BEST MOMENTS

"We are now practically ready, shower ready, as we like to say, for construction... huge, huge, big ticks on the boxes for permitting and financing."

"This deal is about the 200 million euros from a group of investors plus there is an M&A transaction... done at a premium to our share price."

 "The only way you can be more productive with less land to feed more people is through fertilisers, not like potash, nitrogen, phosphates."

"We will be sixth, seventh global player globally in ranking... very confident that we really have the ingredients to make it successful."

VALUABLE RESOURCES

Mail:        rob@mining-international.org

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/

X:              https://twitter.com/MiningRobTyson 
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast 

Web:        http://www.mining-international.org

IMARC:

Register: https://hubs.ly/Q02M_gGS0 

10% discount on Delegate Passes – DigDeep10

Free expo pass code - HJ5EG6

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and