Source - RNS
RNS Number : 0063K
Harvest Minerals Limited
16 September 2016

16 September 2016

Harvest Minerals Limited

("Harvest" or the "Company")



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."


Harvest Minerals Limited


Brian McMaster, Chairman

Tel: +61 8 9200 1847


Strand Hanson Limited (Nominated & Financial Adviser)

Rory Murphy

James Spinney

Ritchie Balmer

Tel: +44 20 7409 3494


Mirabaud Securities LLP (Broker)


Beaufort Securities Ltd

(Joint Broker)



(Financial PR)


Rory Scott



Jon Bellis



Bobby Morse

Anna Michniewicz


Tel: + 44 20 7878 3360



Tel: + 44 20 7382 8300



Tel: +44 20 7466 5000



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



This information is provided by RNS
The company news service from the London Stock Exchange

Related Charts

Harvest Minerals (HMI)

-0.63p (-3.31%)
delayed 18:15PM