9 June 2021 | 09:55am
StockMarketWire.com - Keras Resources said construction of the processing plant at Diamond Creek, the phosphate mine in Utah, USA, had been completed and commissioning has commenced.
Operational capacity is achieved, expected by the end of June, the plant would produce a range of premium organic phosphate products for sale directly into the growing North American organic fertiliser market, the company said. Completing the plant build is a significant step forward in the optimisation, production ramp up and expansion plans for Diamond Creek which is owned by the company s 51% subsidiary, Falcon Isle Holdings LLC, it added.
Wed, 9th Jun 2021 10:07
(Alliance News) - Keras Resources PLC on Wednesday said construction of the processing plant at phosphate mine Diamond Creek in the US state of Utah has been completed and commissioning has begun.
Shares in Keras rose 6.7% at 0.11 pence each in London on Wednesday morning.
Keras, which has operations in Togo, West Africa and the US state of Utah, said steady-state operational capacity is expected by the end of June.
The plant is expected to roduce a range of premium organic phosphate products for sale directly into the growing North American organic fertiliser market. Diamond Creek is the one of the highest-grade organic phosphate mines in the US and installing this plant will enable us to extract maximum value and sell a range of fully certified, high-quality products into a growing organic fertiliser market, said Chief Executive Rusel Lamming.
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