Tuesday, October 7, 2014

Imminent decision on $2.7bn potash mine in UK's national park

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Potash News Digest
Wednesday 8 October 2014
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Analysts say this is "make or break" time for the company behind the massive mine, Sirius Minerals.

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The project, first of its kind in the world, aims to demonstrate that the so-called "clean coal" technologies are feasible.

It would also create a a 15-kilometre long ''super pit'' from the union of Rio's Mount Thorley Warkworth and Glencore's Bulga open-pit mines.

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

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"All that's required is to hand the world's best mining assets to the world's best management."

Viktor Belyakov has resigned from his position as Chief Financial Officer of one of the world's largest potash producers.

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