John Lawson
6 years ago
This ‘apparent’ abandonment of the railway option, in my opinion is just a little shortsighted especially when you consider an enormous amount of Boulby’s production is moved by rail to Teesport!
RJV
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6 years ago
Whitby & tourism more generally is the long-term cash cow & employer in those parts, not a mining venture with a finite lifespan. Bringing huge freight trains into or close to Whitby or along the coast or the Esk Valley would never be a viable or desirable option?

Regardless of that though, I'd guess it would be hopelessly inefficient & unsuitable to a large scale venture. Even the two carriage Middlesbrough to Whitby Northern Rail service takes half a lifetime down the Esk Valley line. Couldn't guess how long a heavy freight train would take, even with massive line improvements?
christwigg
6 years ago
There was no way on earth they would have got permission to build 'another Boulby' in the National Park.

UserPostedImage

It's no coincidence that the Lockwood service shaft is located in the first field in Redcar and Cleveland.
BertyBasset
6 years ago
I would have thought that a continuous conveyor system would be operationally more straightforward than having to load and unload a batch on and off a train.
Kingfisher60024
6 years ago
I believe an idea for a pier from the minesite out to deep water was also floated but quickly discounted! :lol:
Jim MacPherson
6 years ago
The Hawsker spur was left intact after the Whitby/Scarborough line shut in 1966 just in case somebody chose to exploit the potash south of Whitby. Prescient if not really in quite the right place.

Given the current tunnel cost estimate of £600m (compared to £167m in 2016) I suspect RJV comment about the impact on tourism is more valid than just construction costs on the Esk Valley line and trans-shipment issues.

Of course it could be ICL playing a long game to push Sirius' cost base so high that they run out of cash/stop having a cost advantage :devil:

Jim
inbye
  • inbye
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6 years ago
"BertyBasset" wrote:

I would have thought that a continuous conveyor system would be operationally more straightforward than having to load and unload a batch on and off a train.



Possibly not practical, even if securely covered, today's immortal and prosecution exempt children would soon find a way in, so they could ride the belt.


Regards, John...

Huddersfield, best value for money in the country, spend a day there & it'll feel like a week........
BertyBasset
6 years ago
Although if it were in a secure tunnel!!
inbye
  • inbye
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6 years ago
"BertyBasset" wrote:

Although if it were in a secure tunnel!!



Ahh, sorry. I thought you were proposing an alternative....


Regards, John...

Huddersfield, best value for money in the country, spend a day there & it'll feel like a week........
russnp
  • russnp
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6 years ago
Am I right in thinking there is a narrow gauge railway in the tunnel next to the conveyor ?
I wonder if the owners would be up for the occasional special passenger train through it , if it were two foot gauge there are plenty of coaches that could be borrowed for such an occasion!
rikj
  • rikj
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6 years ago
Sirius Minerals have suspended the sale of the $500m bond that was key to unlocking the $2.5bn revolving credit facility at the end of September.

Seems current cash reserves will last until the same time.

Various news sources on the net. Sorry for using $ figures, £ ones out of date too quickly :blink:
BertyBasset
6 years ago
It all seems to be converging towards Brexit Day. Good luck with that. I'm sure the financial sea will be nice and calm around that time.
Jimbo
  • Jimbo
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  • Newbie Topic Starter
6 years ago
Oh Dear, too big too fast, the fickle world of mining bites again! :blink:

https://www.ft.com/content/7afe6cba-d913-11e9-8f9b-77216ebe1f17 

Not looking too good for small local private investors either now!
"PDHMS, WMRG, DCC, Welsh Mines Society, Northern Mines Research Group, Nenthead Mines Society and General Forum Gobshite!"
rikj
  • rikj
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6 years ago
Can't believe how much some private investors have put in. No better time to buy shares than now though.
John Lawson
6 years ago
"rikj" wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.


One can only hope that either the government underwrites part of the expense, or a bigger mining company, RTZ or BHP, will feel groups enough to come in.
One wonders what the PM is thinking about.if there is an election it is in my opinion he will lose a lot of his Scottish seats , and it is suggested he would hope to rake thes losses up in the North East.
My guess is the North East voters will remember all of this when it comes to the ballot box!
John Lawson
6 years ago
"rikj" wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.


One can only hope that either the government underwrites part of the expense, or a bigger mining company, RTZ or BHP, will feel groups enough to come in.
One wonders what the PM is thinking about.if there is an election it is in my opinion he will lose a lot of his Scottish seats , and it is suggested he would hope to rake thes losses up in the North East.
My guess is the North East voters will remember all of this when it comes to the ballot box!
Jim MacPherson
6 years ago
"rikj" wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.



In truth the best time to buy would have been 8am on Tuesday, you would've been twice as rich by yesterday evening.

That's the joy of speculating after the event.

Jim
legendrider
6 years ago
Well, the definition of a Mine is "a hole in the ground into which you pour money"

hope it all pans out, I really do.

MARK
festina lente[i]

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