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Anglo American in takeover talks

by LLB Editor
8th Jan 20 7:45 am

Anglo American, the mining giant, has confirmed that it is in advanced takeover talks with Sirius Minerals which is mining for potash in North Yorkshire.

Anglo American said a possible offer of 5.5p per Sirius share would value the company at £386m.

The future of the mine has been in doubt after Sirius Minerals was forced to pull plans to raise $500m which would have unlocked further funding for the project.

It is set to be the world’s largest mine for polyhalite, a naturally occurring fertiliser which is used in agriculture.

The mine is due to open in 2021 and create more than 1,000 jobs.

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