Emmerson PLC 2023 AR2
The report highlights Emmerson PLC's progress during 2023 on its Khemisset Potash Project in Morocco, focusing on securing the Environmental and Social Impact Assessment (ESIA) approval. A key achievement was the development of the innovative Khemisset Multi-mineral Process (KMP), which eliminates deep well injection and reduces water consumption by 50% while producing two new fertilizing by-products, struvite and vivianite. The company updated its financial estimates, showing a post-tax NPV8 of US$2.2 billion and an IRR of approximately 40% for the KMP design. Additionally, Emmerson completed basic engineering work and secured a US$2.5 million share placing in April 2024 to fund ongoing development.
Company: Emmerson PLC
Sector: Mining & quarrying
Country: Isle of Man
Year: 2023
Type: AR2
Pages: 44
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Emmerson PLC
Annual Report & Financial Statements
The report highlights Emmerson PLC's progress during 2023 on its Khemisset Potash Project in Morocco, focusing on securing the Environmental and Social Impact Assessment (ESIA) approval. A key achievement was the development of the innovative Khemisset Multi-mineral Process (KMP), which eliminates deep well injection and reduces water consumption by 50% while producing two new fertilizing by-products, struvite and vivianite. The company updated its financial estimates, showing a post-tax NPV8 of US$2.2 billion and an IRR of approximately 40% for the KMP design. Additionally, Emmerson completed basic engineering work and secured a US$2.5 million share placing in April 2024 to fund ongoing development.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
May 23, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available