Skip to main content

Sirius Minerals secures funding

Published by
World Fertilizer,


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

Borealis and VERBUND are planning a joint green hydrogen project

The green hydrogen will be used to produce fertilizers, melamine and technical nitrogen at Borealis operations in Linz, Austria. The electrolysis plant is scheduled to commence operations in 2025, with projected annual CO2 emissions reductions of up to 90 000 t.

 
 

Embed article link: (copy the HTML code below):


 

World Fertilizer is not responsible for the content of external internet sites.