John Lawson
12 years ago
I see according to the Time that the North York Moors National Park Authority, did not like the plans that Sirius had submitted for the new mine.

As a result their shares fell by 20%
Knocker
12 years ago
Its mot the NYMNPA that don't like it, it is they're consultant (AMEC), NYMNPA haven't published they're report yet.
BertyBasset
12 years ago
From what I understand, the consultants' report had a number of negative environmental points. Sirius have asked that the vote due next week be deferred while they prepare a response.
John Lawson
12 years ago
According to my usual source Sirius are now seeking a years delay on their planning application.
The North Yorks Moors National Park Authority accused the company of acting 'shoddily'.

So I guess there is a lot more mileage in this yet!
BertyBasset
12 years ago
Cat and Mouse ?
Knocker
12 years ago
The **** the country is in, I can't see the government letting the national park authority stop a development of this scale.
Ty Gwyn
12 years ago
The development is definately of scale,

But is the lesser quality product viable?
Knocker
12 years ago
The first question is, is the product really inferior? In crop studies being undertaken by several universities worldwide, Polyhalite is significantly outperforming MOP.

Secondly, if it is inferior to Boulby's product, why is Boulby deepening to access the seam and produce Polyhalite itself?

Thirdly, as Sirius has sales contracts for 1.7million tonnes per annum in place, are the first two questions actually superfluous?
Ty Gwyn
12 years ago
As a farmer,i`d be very interested to read the info from them universities,any chance of a name or link,
Surprised though,that the UK plant breeding stations are not testing the product.
Knocker
12 years ago
Ty Gwyn
12 years ago
Thanks Knocker,
Interesting reading,but some of them percentages seem a bit high to swallow,
Going by them figures,its suggesting Polyhalite is more effective than MOP,

Has Polyhalite been mined in bulk in other countries?
Wondering if other countries use it as their Potash source in fertilizers.
Knocker
12 years ago
Unfortunately you can only take those figures on face value, it would be interesting to read the full unabridged reports in order to draw your own conclusions.
BertyBasset
12 years ago
Very interesting. Build up of chloride from polyhalite being detrimental to the frankly bizarre info that an Israeli group own Boulby ? Given the current fracking situation, do no British companies do any British mining thesedays?
Ty Gwyn
12 years ago
"BertyBasset" wrote:

Very interesting. Build up of chloride from polyhalite being detrimental to the frankly bizarre info that an Israeli group own Boulby ? Given the current fracking situation, do no British companies do any British mining thesedays?




I believe the new owners of UK Coal are British,or are they,lol
John Lawson
12 years ago
The two biggest mining houses in the world are both Anglo Australian..

B.H.P. Billiton, and Rio Tinto Zinc..

Both are listed on the UK & Australian stock exchanges.
If my memory serves me correct the latter company were instrumental in the opening of Boulby.
christwigg
12 years ago
"John Lawson" wrote:


If my memory serves me correct the latter company were instrumental in the opening of Boulby.



The internet suggests.

Cleveland Potash was formed by ICI and Charter Consolidated (who were 36% Anglo American)

Became 100% Anglo American in 1989 and Israel Chemicals in 2002

I don't think we should be shocked by the fact mining is a truly international business, after all we had the Germans in the Lake District in the 16th century.

davetidza
12 years ago
In fact the British control of international mining goes further than this. The FTSE 100 companies include

Anglo-American
Antofagasta
BHP Billiton
Eurasian
Fresnillo
Glencore Xstrata
Rio Tinto
Randgold
Vedanta

and also

Johnson Mathey.

The reason that none of these firms mine in this country is that there is very little left to mine - we've had it all away over the last 500 years or so!
somersetminer
12 years ago
"davetidza" wrote:


The reason that none of these firms mine in this country is that there is very little left to mine - we've had it all away over the last 500 years or so!



Good point all the cherries are pretty much picked here. However its also playing it safe, none of the British companies with the kind of money to invest want to invest in mining here, seen as (not necessarily is) too risky, hence we have plenty of mining consultancy companies running mines elsewhere. The fact that the few new start ups here are the brainchild of Australian companies, Wolf Minerals, Scotgold Resources etc. (who actually know just how much profit there is in mining) speaks volumes. You only have to watch a show like Dragons Den/The Apprentice to get an idea what our lot want to invest in here...
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