Playing now: - Waiting for next song...

Playing next: -  

Boss of Anglo American Talks More on Whitby Potash

Boss of Anglo American Talks More on Whitby Potash

Published by Jon Burke at 6:31am 23rd January 2020.

The Chief Executive of the company trying to takeover the potash mine near Whitby has been telling us more about his bid.

Anglo American has offered to pay 5.5 pence for each share in Sirius Minerals, which has struggled with financing the development of its polyhalite mine.

This would leave thousands of shareholders, who bought at a much higher price, facing a big loss.

Mark Cutifani said:

"It's tough. From our point of view, we understand that people are disappointed, We understand that they're disappointed that in the case where they've bought for a higher price, that they would be losing money - but we would think that the certainty that we bring is very important, in terms of where the business is today."

He's been speaking to Yorkshire Coast Radio's Karen Liu..


No comments have been posted and approved yet.

Submit a Comment

Submit A Comment