Hundreds of local jobs along with thousands of futures associated with the Woodsmith Mine hang in the balance this week.
Shareholders, Institutional and private investors get to vote on the Anglo American deal to inject much needed investment to continue the work of Sirius Minerals to bring Woodsmith Mine into production.
The outcome of this weeks vote will be reported and covered as and when news becomes available.
The Board of Sirius Minerals Plc ("Sirius" or "the Company") announces that it is in advanced discussions with Anglo American Plc ("Anglo American") regarding a possible all cash offer of 5.50 pence per Sirius share for the entire issued, and to be issued, share capital of Sirius (the "Proposal").
The Proposal represents a premium of:
- 34.1% to the closing price of 4.10 pence per Sirius share on 7 January 2020, being the last business day prior to the date of this announcement;
"With the company now having submitted an application to the North York Moors Park Authority for permission to continue mining operations for a further 25-years, consultation events are being held throughout this month to explain the proposals to local people.
The current planning permission which has been in place since 1968 expires in 2023.
S106 money has to be used for the purpose intended.
One year in:
The old farmhouse was been demolished with some delay due to the bats, this site now houses temporary welfare facilities for the work force. The construction workers accommodation/village is not required. The company is much committed to 80% local workforce.
The power generation plant is under construction with Lockwood Beck shaft to start soon along with work at Teesport.
The shaft platforms at the mine site are all constructed.