Harvest Minerals expands capabilities as wait for product certification continues

Natural fertiliser producer Harvest Minerals has expanded its sales and processing capabilities ahead of product certification for its KPfértil remineraliser.

Equipment is set to arrive on site in the next week for the expansion of the company’s modular processing plant and is set to be installed this quarter, while the establishment of a new office has aided the expansion of the sales and marketing scheme.

Brian McMaster, chief executive of Harvest Minerals, said: "We have continued to gain momentum through the first quarter and now into the second. The expansion to both our sales team and processing plant provides us with the capacity to continue to grow our sales and revenues, which remains a key focus for 2018."

The AIM-traded company also stated that it is working closely with Agrocerrado on sales strategy and commercial and technical training.

Meanwhile, the Harvest Minerals has submitted an application to the MAPA to register the Brazilian Arapua Processing Unit as a fertiliser producer, with a view to saving time if the company chooses to register KPfértil as a fertiliser.

The company is waiting for MAPA approval of the product as a remineraliser and has supplied all the necessary documentation for a decision to be made.

"Although the confirmation of KPfértil as a remineraliser hasn't been as efficient as we would have liked, it has not impacted our ability to sell our product. I'd again like to thank all our shareholders for their continued support and we look forward to meeting many of you at the UK Investor Show tomorrow," said McMaster.

Agronomic testwork is ongoing, with the company engaged in long term trials on coffee at the Veloso Agropecuária plantations, other trials with coffee co-operatives and trials on grass for pastures.

As of 1111 BST, Harvest Minerals’ shares were down 5.78% at 18.75p.