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  1. Mining
  2. »
  3. SIRIUS MINERALS

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Key Company Info.
Company Description:

Through the development of its North Yorkshire polyhalite project, Sirius Minerals will become a world leading producer of polyhalite, a unique multi-nutrient fertilizer containing potassium, sulphur, magnesium and calcium.

The £2.4 billion project is constructing Woodsmith Mine – south of Whitby, North Yorkshire – to extract polyhalite, and a tunnel system to transport it to a materials handling facility and harbour at Teesside. The polyhalite deposit is the world's largest and highest grade. At full production the Project will create over 1,000 direct jobs and many more indirectly. It has the potential to generate over £2 billion of annual exports for the UK.

Sirius Minerals has gone to extraordinary lengths to ensure the Project is sensitive to its environment. Surface buildings at Woodsmith Mine will be limited, sunk underground and screened by existing topography, woodland and new planting. The Company will invest a minimum of £17M to promote the local area, £130M to safeguard and enhance the local landscape and over £12M to improve local transport infrastructure.

Our polyhalite fertilizer product, POLY4, can improve yields and quality in a large range of crops to help meet the global challenges of food security and growing populations.

Active: Trading
EPIC:

SXX

Sector:
List date: 1st August 2005 00:00
Region:

London

Advisors
Nominated Advisor:

Liberum Capital Limited

Broker:

Liberum Capital Limited;J P Morgan Securities Plc;W.H. Ireland Limited

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