Khemisset moves into pre-construction
The company awarded the contract, which entails the construction of the mineral processing facility to USA based Barr Engineering. According to Graham Clarke, CEO of Emmerson, the company aims to start production at Khemisset early in 2024.
According to Clarke, Emmerson recently secured an upfront cash injection which will enable the company to advance the next stage of the project’s development, namely the basic engineering.
“This is part of the upfront capex, rather than an additional cost, and moves us firmly into the pre-construction phase. Having already signed the contract with Barr Engineering for the mineral processing facility, we have also received bids for the balance of the basic engineering aspects of the project, comprising highways connection and site access; portal and declines; mine site infrastructure; tailings storage facility; electrical power; and water.
“We expect to be able sign contracts for these before the end of January 2022 so that this work can be dual tracked with the due diligence phase of the lending banks syndicate,” says Clarke.
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