Yorkshire Potash Plan Lights Up UK Mining Hopes

Source:

"Last week saw plans unveiled for what would be Britain's biggest mining venture since the days of coal."

Telegraph, Emma Rowley

Last week saw plans unveiled for what would be Britain's biggest mining venture since the days of coal.

Aim-listed Sirius Minerals hopes to become a global force in the potash industry by developing a venture which mines the fertiliser on the North Yorkshire coast.

After studies showed the development between Whitby and Scarborough was viable, management on Monday outlined a $6bn (3.6bn) investment program, including a start-up capital cost of $2.7B.

Sirius needs the hefty capital injection to get its venture up and running because it will be digging deep underground, rather than via an open-pit mine, and also wants to build processing facilities. . . .View Full Article

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