Sirius Minerals submits 'compelling case' for York Potash Project

AIM-listed mining and exploration holding company Sirius Minerals has provided an update on the planning approval process for its York Potash Project.

AIM-listed mining and exploration holding company Sirius Minerals has provided an update on the planning approval process for its York Potash Project.

Following requests for further information previously made by the North York Moors National Park Authority (NYMNPA), the company said it had now submitted a full range of documents.

Chris Fraser, Managing Director and Chief Executive Officer of Sirius, commented: "We have submitted a robust and full set of documents that put forward a compelling case for the National Park to make a positive decision on July 2nd 2013."

Based in North Yorkshire, the York Potash Project targets the production of Polyhalite, a multi-nutrient mineral containing four of the six macro-nutrients required for plant growth.

According to Sirius Minerals' website, the initial development for the project will target multiple routes to market including production of large-scale granulated Polyhalite as a direct application fertilizer and as a main source of potassium for the production of nitrogen, phosphorus and potassium fertilizers.

Sirius' share price was up 1.15% to 22p at 10:50 on Tuesday morning.

MF

Recommended

Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021