UK’s Sirius scraps fertiliser mining plan, halving share value
Sirius Minerals has scrapped a plan to raise £400m in a bond sale for its polyhalite mining project
London — Sirius Minerals scrapped a plan to raise £400m in a bond sale on Tuesday, delaying a project to mine for fertiliser under a national park in northern England and halving the value of its shares.
The company had already suspended the bond issue in August. Sirius blamed market conditions aggravated by uncertainty over Britain’s departure from the EU for its failure to secure funding.