Anglo American to invest £440 million in Woodsmith polyhalite project in 2022

Mark Cutifani, Chief Executive of Anglo American, said at the company’s recent Annual Results presentation that the company invested nearly £390 million in the project last year, with excavation of the mineral transport tunnel from Teesside passing 18 km by the end of the year, beyond the intermediate access shaft site at Lockwood Beck.

The Lockwood Beck shaft is complete, having reached its target depth of 383 m, and shaft lining is currently under way. At the mine head itself, shaft boring has started in the services shaft, while progress is also being made on the production shaft infrastructure.

Cutifani confirmed that the company is working on a number of changes to the design of the project to create an enhanced configuration and to ensure the project meets Anglo American’s safety and operating standards, as well as its commercial objectives given the very long life of the mine.

“This is a world class fertiliser project and a business segment that we are even more positive about than when we acquired the project,” said Cutifani. “This is a very long-life asset and a product for which we see increasing market interest as the commercial trials demonstrate its crop yield and numerous environmental qualities, so we are going to take the necessary time to get every aspect of the design right to match our long term vision and value aspirations.”

Read the article online at: https://www.worldfertilizer.com/project-news/28022022/anglo-american-to-invest-440-million-in-woodsmith-polyhalite-project-in-2022/