Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

York Potash Project approvals update

5th Jun 2013 07:00

RNS Number : 3032G
Sirius Minerals Plc
05 June 2013
 



 

5 June 2013

 

Sirius Minerals Plc

 

York Potash Project approvals update

 

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide an update on the York Potash Project planning approval process.

The Company and the North York Moors National Park Authority ("NYMNPA" or "the Authority") have agreed a small extension to the onshore planning application determination date. The Special Planning Committee meeting scheduled for 2 July 2013 will now be held on 29 July 2013.

The short extension will allow further feedback from statutory stakeholders to be provided to the Authority. Positive discussions have been held with the key statutory bodies with a view to resolving a number of the outstanding objections. In the course of those discussions some additional information has been provided by the Company and its consultants to clarify existing information. As a result of this additional submission the Authority must undertake a re-consultation exercise on that information to ensure robustness of the determination process.

The additional time will allow the Authority to prepare a detailed recommendation report having fully considered all of the information and a detailed set of planning conditions with a more complete understanding of feedback from the statutory bodies.

Both the Company and the Authority believe this extension is in the best interests of a robust determination and is made under the spirit of the best practice 'Planning Performance Agreement' which the Company entered into with the Authority.

Chris Fraser, Managing Director and CEO of Sirius, commented:

"We welcome a small extension that allows the remaining issues to be properly considered by the Authority before it makes its decision on 29 July. We remain focused on achieving the positive determination that will enable the project to progress rapidly towards production and will unlock all of the benefits to the local, regional and national economies."

 

For further information, please contact:

Sirius Minerals Plc

Investor Relations

 

Tel:  +44 8455 240 247

 

Email:

ir@siriusminerals.com

NOMAD/ Joint Broker

Joint Brokers

Joint Brokers

Media Enquiries

Macquarie Capital (Europe) Limited

Liberum Capital Limited

Jefferies Hoare Govett

Pelham Bell Pottinger

Steve Baldwin,

Raj Khatri

Michael Rawlinson, Clayton Bush

Peter Bacchus

 

Charles Vivian,

Lorna Spears

Tel: +44 20 3037 2000

Tel: +44 20 3100 2222

Tel: +44 20 7029 8000

Tel: +44 20 7861 3232

 

About Sirius Minerals Plc

Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland). Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKZLFBXQFXBBZ

Related Shares:

Sirius Minerals
FTSE 100 Latest
Value8,760.31
Change-14.34