Graham Clarke, Chief Executive Officer of Emmerson PLC (EML.L) Interview

Mining Licence Approved for the Khemisset Project

After Tuesday company announcement we took the opportunity to speak with Graham and another major milestone in the development for Emmerson.

Graham Clarke, Emmerson's CEO, commented :

"This is another major milestone in the development of what is to become the first large scale potash mine in Africa. We are grateful to the Ministry that provided considerable support, greatly assisting us throughout the application process.

"By producing up to 800,000 tonnes of potash per year, for export or domestic consumption, Khemisset is forecast to deliver considerable economic benefits to our stakeholders including an anticipated 1% increase to the national tax revenues of Morocco. At the local level, the benefit to our stakeholders is even more important, with an estimated 40% increase to the local area GDP.

"We are all extremely proud to have achieved this most recent milestone, with the help of an expert team focused on putting this potash mine into production. I want to thank our hosts in Morocco and all the key members of the Emmerson team who have worked hard to deliver this well ahead of our original timeline.

"We continue to make strong progress with our financing discussions, including engagement with several potential equity funding partners, and we look forward to delivering updates on this in the near future."

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