Anglo American is set to complete the takeover of struggling UK potash miner Sirius Minerals after its £405 million rescue deal was approved by a majority of Sirius’ shareholders last night. Following a lengthy shareholder meeting in London, Anglo’s bid was approved by 80.28% of the...
Anglo American has confirmed it is in advanced discussions with London-listed miner Sirius Minerals after proposing a takeover offer valuing the struggling company at about £386 million (US$507 million). The 5.5p per share cash bid comes in at 34% above Sirius’ current share price, which has...
LSE-listed miner Sirius Minerals has been forced to cancel a US$500 million bond sale for its large scale potash mine in the UK, throwing the future of the project into doubt. The company blamed poor ‘market conditions – including Brexit and a lack of government support...
PotashCorp (TSX, NYSE: POT) will change its name to Nutrien once the merger transaction with Agrium is completed, making it the world’s biggest fertiliser producer. The Canadian company said the new organisation will be the global leader in reliable, low-cost nutrient production, combined with the largest...
Sirius Minerals (LSE:SXX) is seeking $1.2 billion of funding to develop the first stage a new potash mine in Yorkshire, UK. This follow’s last week’s announcement that Sirius had secured $300 million in funding from Australia’s richest woman, Hancock Prospecting owner Gina Rinehart. The company will...
