PROJECT FINANCE

Sirius Minerals sets out two-stage funding plan

UK polyhalite project developer Sirius Minerals has pinned its hopes on a new two-stage financing plan, under which it will seek to raise US$600 million by March and $2.5 billion later. With Qatari investors possible backers, but UK government support lagging, the project’s development prospects are still in the balance.

Sirius Minerals management hoping investors will find the focus on a lower capital expenditure to reach production more palatable

Sirius Minerals management hoping investors will find the focus on a lower capital expenditure to reach production more palatable

Sirius will need to climb a funding mountain if it is to get its project off the ground. After a disastrous August and September in which the project appeared to be teetering on the brink of collapse,...

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