Scarborough Borough Council (SBC)

Sirius : Stage IV

Captain Black's picture

"The owners of the Potash mine near Whitby say they are focused and committed to delivering the project.

Sirius Minerals have not been able to get the £400m it needs to fund the next stage.

It has taken the decision to reduce the rate of development in order to save funding to allow more time for alternatives.

Gareth Edmunds, External Affairs Director at Sirius Minerals, said:

"We've been focused since the day we started this project, which is nearly nine years now, on delivering it.

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Sirius Minerals : Into Darkness

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"Quarter Two : Progress Update

* Comprehensive US$3.8 billion funding solution for stage 2 financing requirements launched on 30 April 2019 and on-track to complete before the end of September 2019

* Successful completion of US$425 million equity offering and US$400 million convertible bond offering

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Sirius Mine Funded

Captain Black's picture

The Launch : "The Stage 2 Financing consists of a combination of:

(i)    an underwritten Firm Placing and Placing and Open Offer to raise gross proceeds of approximately US$400 million 310 million) at a price between 15 and 18 pence per New Ordinary Share (the "Issue Price") launching immediately following the release of this announcement;

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North Bay Residents Association

Captain Black's picture

North Bay residents & representatives have been meeting to discuss the ongoing Sands & surrounding developments.  A round table meeting was held at the Town Hall on 25th September 2018 to discuss with Roland' Duce's representatives (Architect, Design & Development) local & business residents,  local Councillors, local residents & business who had concerns.  

From the notes to that meeting:

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Elections Timetable

Captain Black's picture

Guidelines and restrictions on decision making and publicity during the pre-election period:

"As you will be aware, local borough and parish elections are due to take place on Thursday 2 May so I thought it would be useful to remind you about the guidelines and restrictions on publicity during the pre-election period, known as purdah, which will start on Wednesday 13 March.

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Election Briefs

Captain Qahn's picture

"The session on Tuesday 19 February at 1.00pm at the Town Hall, St Nicholas Street, Scarborough, will include discussions about the role of a councillor, the responsibilities of the council and how it operates, as well as the skills required for the role.  There will also be a chance to quiz current councillors to find out what it is really like to be an elected member of the council.

The aim of the session is to inform those who might be interested in standing for election but are unsure about what is involved.

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Sirius Minerals - Progress

Benefitz Betty's picture

"2 July 2018  Sirius Minerals Plc Quarterly progress update

* The project remains on track to deliver first polyhalite and commercial production on time 

* The fully procured and financed capital estimate will be provided to the market once binding financing commitment letters have been executed

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