Harbor facilities for Sirius Minerals’ potash mine approved

July 20, 2016

The British government approved the construction of Sirius Minerals’ harbor facilities, on the North York Moors which will clear the way for the development of a massive potash mine that could create as many as 1,000 jobs.

The BBC reported that the harbor facilities at Teesside were approved by the Department of Transportation. This was the final piece of a larger project that will link the facilities to a massive potash mine near Whitby and a processing facility on Teesside.

As a result, all major approvals the multi-million pound project have now been granted. The Department for Transport has approved a “development consent order” for the harbor facilities at Teesside.

Sirius Minerals told investors that the estimated cost of construction had fallen 18 percent, from £2.7 billion to £2.2 billion.

The approval includes the new berth, ship loading facilities and the conveyor belt system to the company’s materials handling facility at the Wilton International site.

The DCO includes all the compulsory purchase powers needed to develop the harbor facilities.

Chris Fraser, Sirius Minerals managing director, said: “We’re delighted to have secured this final approval for the project and would like to thank everyone who has contributed towards the positive determinations of all of the planning applications and the DCO application.

“Our team is currently actively engaged in the financing phase of the project and I look forward to providing further updates in due course. We are closer than ever to delivering this world-class project.”

The huge project is expected to employ more than 1,000 at full production - with hundreds or possibly thousands more jobs created indirectly - and bosses have pledged “if we can employ every single one of our team from the local area - then we will.”

Fraser said there were possible benefits for the project since the UK’s vote to leave the EU, including potentially lower construction costs because of the fall in the value of the pound.

“We are a dollar asset but a big part of the costs will be [paid in] sterling [for] labor... With lower sterling, we will be in a stronger position.”

 

 

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