Board of Sirius Minerals agrees acquisition by Anglo American
The board of Sirius Minerals has urged its shareholders to approve the acquisition of the company by Anglo American.
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The board of Sirius Minerals has urged its shareholders to approve the acquisition of the company by Anglo American.
The total budgeted cost for construction of access roads via the A2 toll road for the Khemisset potash project is approximately US$2 million.
Titan Chemicals Holding has become the majority shareholder for Cronus Fertilizers' ammonia project in Tuscola, Illinois, US.
The facility will have a production capacity of approximately 1.3 million tpy of ammonia and produce nitrogen-based fertilizers.
The technical report summarises information obtained from exploration drilling conducted between January 2009 and March 2011, and details the results from the latest production drilling in July 2019.
The announcement by Sirius Minerals was made with the consent of Anglo American, which said that the proposal would value the entire issued share capital of Sirius at approximately £386 million.
The report is still in a draft stage and the company plans to finalise the report before the end for 1Q20.
The Ammonia-4 unit will consume most of energy resources from the unit, which will provide up to 60% of its ultrafiltered water. The remainder will be delivered to the facility’s water supply network.
One of the world’s largest phosphate facilities sets out to achieve significant performance optimisation and reliability improvements.
The mining services scope covers the pre-production period (development) plus the first 5 years of production. The scope includes the provision, operation and maintenance of excavation, haulage and dewatering equipment.
The company is raising AUS$1.6 million from investors to fund ongoing pre-development activities at its Lake Wells Sulphate of Potash Project in Western Australia.
The company has said that a pre-feasibility study for the Dougou extension is on track to be completed on budget in April 2020.