Sirius Minerals shareholders back Anglo American takeover deal
Investors in Sirius Minerals have voted in favour of approving a £405 million bid from Anglo American for the company.
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Investors in Sirius Minerals have voted in favour of approving a £405 million bid from Anglo American for the company.
A drainable inferred mineral resource of 6 Mt SOP at 5080mg/l sulfate of potash (SOP) has been estimated based on results from Trigg’s exploration drilling, auger sampling and historical drill traverses.
The drilling, coring, and assay work has resulted in an overall increase in the Measured and Indicated Resource in the Vanguard Area in south-central Saskatchewan, Canada.
The permit is for the company's Arapua fertilizer project.
With a capacity of 3 million tpy, the plant has been classified as the biggest project in the global fertilizer industry.
The company has now completed construction of 400 ha. of evaporation ponds and 35 km of brine abstraction trenches.
Yara International is working towards making carbon-free fertilizer, and renewable hydrogen is the major enabler for making CO2-free or 'green' ammonia, which in turn, is the key ingredient for 'green' fertilizer.
The total budgeted cost for the supply of electricity from the existing electrical infrastructure to the potash project is approximately US$10.6 million including a 10% contingency.
The company has announced results from the first year of operations at its pilot evaporation trial at the Mackay potash project project in Western Australia.
Salt Lake Potash will initially provide 4000 tpy of sulfate of potash to Mitsui over a period of five years.
The study will examine the benefits of the project for local communes, the broader Rabat-Kenitra-Sale region and Morocco.
The company has urged its shareholders to approve Anglo American's proposal to buy Sirius Minerals.