British company Emmerson Plc, which intends to mine the Khemisset potash deposit (80 km from Rabat), plans to start building its Moroccan plant at the end of 2021 and start production by the end of 2023.
According to a statements by its CEO, Graham Clarke, the $ 400 million project is expected to be Africa’s largest potash plant and has the potential to be among the low-cost potash projects of investment in the world.
A feasibility study has shown that Emmerson can produce 735,000 tonnes of muriate of potash and 1 million tonnes of de-icing salt per year, the UK agency said.
“With the low cost of capital and the high margins the business will generate, the return on investment is three to five years depending on the price of potash,” Graham Clarke added.
The Khemisset project benefits from low production costs and easy access to major markets for potash, an ingredient in fertilizer production, he said.
A study released by Emmerson last August indicated that once fully operational, the project is expected to create 760 direct jobs.