Submit a story
Tell us your story.
Shares in Sirius Minerals were suspended this morning ahead of the embattled mining firm’s takeover by Anglo American. Shareholders earlier this month approved the controversial £405m acquisition by Anglo, which offered 5.5p per Sirius share. While most Sirius investors bought in at roughly 25p, the bid was accepted as the mining firm desperately sought funding [...]
Shares in embattled Sirius Minerals surged as markets opened after shareholders approved a controversial £405m takeover by mining giant Anglo American. Within minutes of the FTSE opening, Sirius’ stock had risen over 17 per cent as investors rushed to buy stock in the firm, which was rescued from potentially having to close its potash mine [...]
Embattled UK miner Sirius Minerals said today that it had dropped an alternative funding scheme to its takeover by Anglo American as it was unviable. Last week the firm, which is seeking funds to develop the North Yorkshire polyphalite project, the UK’s largest mine in a generation, said it was exploring potential financing of €680m [...]
Anglo American have agreed a £405m rescue deal with the board of embattled Sirius Minerals, it was announced this morning. Under the agreement, Sirius shareholders will receive 5.50p for each share, a 34 per cent premium on the British mining firm’s 4.10p closing price on 7 January. The deal is a lifeline for Sirius, which [...]
Anglo American today confirmed it is weighing up a £386m rescue bid for the struggling British miner Sirius Minerals. The 5.5p per share cash offer would offer a lifeline to the cash-strapped North Yorkshire company, which is struggling to build a huge potash mine on the North York Moors. Read more: Sirius Minerals seeks $600m [...]
Sirius Minerals have released revised plans for financing its North Yorkshire potash mine, the largest project of its type in the world. After placing the project under review in September, the London-listed group said that it was seeking $600m (£468.9m) in funding from investors for the project. Read more: Sirius boss buys shares after project [...]
One of the UK’s biggest mining projects, expected to provide around 1,200 jobs, was thrown into turmoil today after it was forced to scrap a $500m (£400m) bond sale and pay back $400m from a separate sale to investors. Sirius Minerals said that poor market conditions had forced it to abandon the sale which would [...]
Sirius Minerals shares plummeted 25 per cent this morning as the FTSE 250 firm announced it had suspended a planned $500m (£411m) bond sale intended to finance a mine on the North York Moors. The offering was an important part of the company’s financing package for the Polyhalite mining project. Read more: Sirius Minerals on [...]
Fundraising for a major fertilizer mine project in the north of England is on course to be finished this autumn, the company behind it has said. Sirius Minerals said it would likely complete the $3.8bn (£3bn) raise before the end of September. Read more: Sirius Minerals set to unveil £2.5bn equity and debt package So [...]
Sirius Minerals today revealed it has exceeded its $400m (£306m) fundraising target, but its shares were priced at the lower end of expectations. The London-listed company, which is raising cash to build a fertiliser mine in North Yorkshire, raised $425m from a new share issue. Read more: JP Morgan backs Sirius Minerals $3.8bn financing package [...]
Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.
Subscribe to get the essential daily news updates from City A.M's top stories to your inbox.