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Whitby Potash Company Announces Progress

sirius minerals

11:10am 6th March 2018
(Updated 11:16am 6th March 2018)

Sirius Minerals Plc has announced the results for Sirius and its subsidiaries ("the Group") for the year ended 31 December 2017.

Its annual report for 2017 refers to a year of substantial progress.

You can see the full report here.

Sirius Minerals Plc CEO Chris Fraser commented:

"Our world class project based in North Yorkshire has the potential to disrupt the global fertilizer market and contribute substantially to the UK economy.

We achieved a number of important performance milestones in 2017, with commencement of construction, incremental supply agreements signed, bringing the total to 4.4 million tonnes per annum, a move to the London Stock Exchanges's Main Market and inclusion in the FTSE250 amongst the highlights. 

We continue to innovate and work hard on all aspects of our project to secure value for shareholders and are focused on ensuring 2018 will be another year of significant progress on all fronts, as demonstrated by our recent shaft sinking contract."

Looking ahead - Chairman, Russel Scrimshaw, said:

"2018 will be a pivotal year for us as we seek the remaining financing required to complete this transformational project.  The construction of the first new fertilizer mine in the UK for a generation is an opportunity to create thousands of jobs and bring significant economic benefits to both national and local economies.

In order to fully realise this transformational opportunity for the UK, a partnership with the UK Government, in the form of a Treasury Guarantee under the Infrastructure Project Authority's scheme, is essential."

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