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Sirius Minerals gets harbor approval for York potash project

SiriusMinerals Plc said July 20 that it received government approval forthe harbor facilities at Teesside for its York polyhalite project in the U. K.

All "major approvals" for the project have nowbeen granted, the company noted.

The Teesside approval includes the new berth, ship loadingfacilities and the conveyor linkage to the company's materials handlingfacility at the Wilton International site. The approval order also covers allthe compulsory purchase powers needed to develop the harbor facilities.

The London-listed company cut the total funding requirement for the NorthYorkshire polyhalite project by 18% to US$2.91 billion in June, aftercompleting a definitive feasibility study and contractors for the mine sitedevelopment and the mineral transport system.

CEO and Managing Director Chris Fraser said that aftersecuring final approval for the project, the company is actively engaged insecuring financing.