Sirius Minerals secures funding
Published by Angharad Lock,
Digital Assistant Editor
According to the BBC, Sirius Minerals has announced it has secured the initial £1 billion funding for the construction of the North York Moors potash mine.
Planning permission has already been granted, and covers the mine and the transport tunnel. Construction is anticipated to take approximately 5 years with an initial production of 10 million tpy of fertilizer.
Chief Executive, Chris Fraser, commented: "This financing today fills out a lot of the front work and finances the shafts from beginning to end. The actual first actions on the ground probably won't be until January with the highways work."
Read the article online at: https://www.worldfertilizer.com/potash/25112016/sirius-minerals-secures-funding/
You might also like
Petrobras in discussion with Unigel Participações S.A. on development of fertilizers and green hydrogen
The company has initiated discussions with Unigel Participações S.A. to analyse joint business involving opportunity development in the areas of fertilizers, green hydrogen and low-carbon projects, in line with the revision of the strategic elements for Petrobras' Strategic Plan 2024 – 2028.