Skip to content
Agriculture Farming Rural, Oil Mining Resources

Highfield Signs Binding Offtake Agreement with Maxisalt for 75ktpa High-Grade Vacuum Salt

Highfield Resources Limited asx.HFR 2 mins read


  • Highfield Resources Limited (“Highfield” or the “Company”) has signed a binding take-or-pay offtake with Padira Premium S.L.U./Maxisalt (“Maxisalt”) for up to 75kt per annum, of high-grade vacuum salt per annum

  • Representing 20-30% of the expected annual vacuum salt production in phase 1 of the Project

  • The contract is for the first 5 years of production of high-grade salt at the Muga Mine (“Muga” or the “Project”)


Highfield is pleased to announce that it has signed a binding take-or-pay offtake agreement with Maxisalt for a minimum of 50,000t per annum with the option to sell up to 75,000t per annum of vacuum salt. This represents around 20-30% of Muga’s full phase 1 vacuum salt production. The key terms of the contract are:

  • The offtake will be for 5 years from the start of production;
  • Delivery of the product to be at the Port of Bilbao or at the Port of Pasajes;
  • The price, that will need to be agreed by both parties will be based on the Spanish vacuum salt market standard.

Maxisalt ( is a salt and chemical worldwide provider and trader, based in Barcelona in Spain. Maxisalt specialises in uses of salt in leather, tannery, pharmaceutical, chemical, paint and detergent industries, among others and focuses on de-icing, water softening, swimming pools and industrial salt products.

Commenting on the binding offtake agreement with Maxisalt, Highfield CEO and MD, Ignacio Salazar, said:

“Muga is located centrally to an area with strong local potash and salt demand, representing a compelling competitive advantage.  We are very pleased to sign this first salt offtake agreement for Muga with Maxisalt, a global trader with a strong market presence and track record.”


For media and investor queries, contact:

Elvis Jurcevic
Investor Relations – Australia
+61 408 268 271


Olivier Vadillo
Investor Relations – Global
+34 609 811 257


More from this category

  • Agriculture Farming Rural, Business Company News
  • 05/12/2023
  • 13:13
Avocados Australia

Gross value of production for Australian avocados has bounced back to 2020-21 level

According to Avocados Australia’s “Facts at a Glance 2022/23 Report”, the gross value of production (GVP) for Australian avocados was estimated at $574 million in 2022-23, which is a return to the 2020/21 level. Key statistics like this about the Australian avocado industry can be found on the Avocados Australia website here thanks to an important project led by Avocados Australia. The “Avocado industry and market data capture and analysis” project (AV20000) came to an end this year and the Facts at a Glance report was the culmination of three years of data collection and analysis. This Hort Innovation funded…

  • Agriculture Farming Rural
  • 05/12/2023
  • 10:48

Minor lift in global animal protein production expected, despite unfavourable market conditions – Rabobank outlook

Animal protein production growth will slow as margins remain tight in 2024, with producers and processors needing to adapt to sustain success, according to…

  • Contains:
  • Finance Investment, Oil Mining Resources
  • 05/12/2023
  • 10:26
Victory Metals Limited (ASX:VTM)


Victory Metals Limited (ASX:VTM) (“Victory” or “the Company”), a leader in the exploration and development of rare earth elements (REE), is excited to announce…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time your distribute with Medianet. Pay per release or save with a subscription.