Anglo mulls getting back into fertiliser market with R7bn offer for UK potash miner

Anglo American has flagged its intention to get back into the fertiliser market, saying it is in talks with Sirius Minerals to buy the UK potash mine developer for R7.24bn.

Sirius ran into financial difficulties in late 2019, failing to complete a $500m bond issue to continue building its $4bn phosphate mine in Yorkshire, prompting it to seek a strategic partner.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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BUSINESS MAVERICK: Anglo American bids for – wait for it – a UK fertiliser mine projectLike virtually all UK-listed mining companies, Anglo American is there to extract capital in London, not raw commodities from the English countryside. That may soon change if it is successful in its bid for cash-strapped Sirius Minerals, which has been developing a mine fertiliser project in North Yorkshire.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »

BUSINESS MAVERICK: Anglo American bids for – wait for it – a UK fertiliser mine projectLike virtually all UK-listed mining companies, Anglo American is there to extract capital in London, not raw commodities from the English countryside. That may soon change if it is successful in its bid for cash-strapped Sirius Minerals, which has been developing a mine fertiliser project in North Yorkshire.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »

ELB mulls sale of Australasian businessThe company has suffered losses recently from its work at the Gamsberg zinc project in the Northern Cape
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