Taking Stock 

Sirius squares the funding circle

Mark Robinson

Sirius squares the funding circle

Beyond any execution risks or geological considerations, mining executives are usually in thrall to the bean-counters. That has certainly been the case with Sirius Minerals’ (SXX) much publicised Woodsmith potash project in North Yorkshire. So, while executives were grappling with the practicalities of extracting millions of tonnes of polyhalite from underneath the North Sea, together with the task of convincing regulators of the desirability of constructing a 38-km-long mineral transport system underneath the North York Moors National Park, their efforts would have been in vain if the merchant banks had simply drawn a red line through the project.

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