Highfield Resources signs MoU with Port of Bilbao to enhance Muga potash supply chain


Highfield Resources Ltd (ASX:HFR) has signed a Memorandum of Understanding (MoU) with the Port of Bilbao, one of Spain’s largest ports and a major deep-sea European Atlantic port.

The MoU complements a similar agreement with the Port of Pasaia, announced this month, and together, the ports in northern Spain will be key supply chain components for the Muga Potash Project.

These ports will be central to the project’s competitive logistical advantage and the partnerships will allow Highfield to develop and implement its sales and marketing strategy.

“Key export terminal for Muga”

Highfield CEO Ignacio Salazar said: “This MoU is another step in getting the Muga Mine into production.

“The port of Bilbao is a major European Atlantic port and will be a key export terminal for Muga given its capacity and its proximity and excellent connections to the mine”

The port is within 220 kilometres by road of the Muga Mine, provides a logistics advantage and will support Muga in being a low-cost potash mine.

Sufficient capacity

Under this MoU, the port confirms the availability of sufficient port capacity for up to 700,000 tonnes per annum of muriate of potash and salt.

In addition, Bilbao will facilitate the implementation of the requisite logistics infrastructure and services at the port to efficiently meet the project’s needs.

Furthermore, the port also commits to have all facilities for product handling and shipping operational from Muga’s phase one.

Location of the Port of Bilbao by road from Muga.

Port of Bilbao

The port of Bilbao is among the closest ports to the mine site and one of Spain’s largest ports and a major European Atlantic port.

It currently handles around 35.5 million tonnes including 4.7 million tonnes of dry bulk product annually.

Notably, there are excellent road and rail connections between Muga and the Port of Bilbao.

– Ephrems Joseph


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