The newspaper points out that the project that the Navarre-based company plans to start at the end of 2024 will help mitigate the potash supply problem caused by the war in Ukraine and the sanctions against Russia, since this country, together with Belarus, produce 40% of this fertilizer consumed in Europe.
The Financial Times has included the Navarre-based company Geoalcali, which is working on the construction of Mina Muga potash deposit, located between Navarre and Aragon, in a report on the possible alternatives to the shortage of potash —a raw material most commonly used as fertilizer— caused by the crisis in Ukraine.
The newspaper addresses the problem caused by the war in Ukraine and the sanctions against Russia, since this country, together with Belarus, produces 40% of the potash consumed in Europe. And, faced with this situation, Europe is realizing the need to be self-sufficient. This is why it is looking for projects that can meet the demand. In this context, the Navarre company Geoalcali has a project for the industrial production of potash, launched in 2013, which plans to start operations by the end of 2024.
Geoalcali is a Spanish company created from national and international capital, dedicated to the development and exploitation of potash mining. It is responsible for Mina Muga, a potash deposit that will be exploited by subway mining, using the chamber and pillar technique.
The Muga Mine project promoted by Geoalcali will be one of the main industrial engines generating employment in the Communities of Navarra and Aragón, in a mining sector which requires highly qualified and specialized labor and which faces great challenges in the region.