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April 15, 2015

Sirius Minerals flags up committee decision date later this month

Shareholders in potash project development company Sirius Minerals (LON:SXX) should circle the date 23 April on their calendars.


That is the date when a Redcar and Cleveland Borough Council committee will meet to pass a verdict on Sirirus’s mine and mineral transport system (MTS) planning application for its York Potash Project.


Sirius said Redcar and Cleveland Borough Council (RCBC) has published a committee report today that includes a recommendation for approval by the planning officers.


That bodes well for the project, which has the world's largest and highest grade deposit of polyhalite (a multi-nutrient form of potash), but the final decision will be made by the members of the RCBC Regulatory Committee at the April 23 meeting.


This application is one of two 'straddling applications' that have been submitted; the other straddling application for the mine and MTS is to be determined by the North York Moors National Park Authority.


Shares in Sirius were up 2.4% shortly before the close of trading on Wednesday.



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