Sirius Minerals worry investors with potential increased costs
Published by Robyn Wainwright,
Assistant Editor
World Fertilizer,
Sirius Minerals' new Woodsmith polyhalite mine in the North York Moors has caused issues for investors with the potential for increased costs and an extended deadline.
The Telegraph states that "Sirius said the cost of digging the mile-deep mine would rise by $400m-$600m (£309m-£464m), on top of the previously estimated $3bn it still needs to raise in debt funding."
The company's shares due to the announcement, however have regained ground since.
Read the article online at: https://www.worldfertilizer.com/project-news/11092018/sirius-minerals-worry-investors-with-potential-increased-costs/
You might also like
OCP Nutricrops announces strategic investment to increase fertilizer production
OCP Nutricrops, a phosphate-based fertilizer producer, has announced a strategic investment to reinforce its production capacity with the creation of two new mining and industrial axes: Mzinda and Meskala, Morocco.