Construction News

25/11/2016

Work To Begin On £2.5bn North Yorkshire Potash Mine Project

Work is to begin on Sirius Minerals' £2.5 billion potash mine project near Whitby in North Yorkshire.

The company's shareholders approved details of a £1bn funding deal yesterday, 24 November.

Preparations will now begin with further geotechnical studies on site. Highways improvements are also scheduled to get underway in the new year, with detailed site preparation works targeted for midway through 2017.

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Russell Scrimshaw, Sirius' Chairman, said: "Today's successful General Meeting concludes the Stage 1 Financing and delivers a major milestone for Sirius Minerals. The financing has taken a huge amount of work and dedication from everyone at the Company and also from those that support our business.

"We are now focussed on the construction programme ahead and the path to first production for our North Yorkshire polyhalite project."

Once completed, the development will have an initial production capacity of 10 million tonnes per annum (Mtpa) and full production of 20 Mtpa.

(LM/MH)

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