EUROPE/MIDDLE EAST STORIES

Sirius cash rolling in

A US$300 million investment from Gina Rinehart-owned Hancock Prospecting has been organised as part of Sirius Minerals’ (AIM:SXX) initial $1.1 billion financing for its York polyhalite project in the UK.

Australian billionaire Gina Rinehart is first to financially support the ambitious York polyhalite project construction

Australian billionaire Gina Rinehart is first to financially support the ambitious York polyhalite project construction

The royalty financing agreement would see a Hancock subsidiary in the UK buy a 5% gross revenue royalty on the first 13 million tonnes per annum of sales and 1% for sales above 13Mtpa for US$250 million....

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