Sirius Minerals Mining News

Sirius Minerals secures JP Morgan backing to build UK's biggest potash mine

The company's stock fell to its lowest in more than a year — likely a market reaction to the higher funding costs and dilution from the share placing.

Sirius Minerals secures European supply deal for its $5B fertilizer mine

The company has found in BayWa, a Germany agribusiness, a partner that will distribute the fertilizer Sirius plans to produce from its Woodsmith mine in Europe.

Sirius Minerals puts alternative plan for potash project on the table

The Woodsmith mine will be one of the world’s largest in terms of the amount of resources extracted — It's set to generate an initial 10 million tonnes per year of polyhalite, a form of potash used in plant fertilizers.

Sirius Minerals soars after securing supply deal for Nigerian market

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.

Sirius seeks $2bn in government-backed debt for Britain’s biggest fertilizer mine

Securing the debt will be the final milestone to bring the York project into production.

Sirius Minerals lands major Asian deal

The London-listed company sealed a 7-year commercial deal with Wilmar Group.

Potash producer Belaruskali to make new kind of fertilizer — report

The company is also said to be mulling a number of investment projects involving a Chinese chemical company.

Billion-pound cash infusion clears path for UK potash mine

The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.

Banks backstop Sirius Minerals for $2.9B UK potash mine 

Plans for a new potash mine in northern England moved a step forward on Thursday when the mine developer announced it has lined up six companies to backstop the project.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

Intrepid Potash idles US mine, lays off hundreds

The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.

Potash miners hit by increased competition, supply amid low prices

Analysts, companies expect prices to stay below 2015 levels for at least the next two years.

Sirius stock collapses after unveiling plan for UK’s largest potash mine

The company also said it expects final decision notices for key approvals by the end of September.

Sirius gets green light to build UK’s largest potash mine

A special committee voted 8-7 in favour of the project, expected to generate at least 1,000 permanent jobs and inject US$1.6 billion a year to the British economy.

Opposition to Sirius Minerals $3bn potash project in national park builds up

The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.