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Not unless you were day trading it (on losing money to sirius)
The Woodsmith build looks to be going very well: https://www.gazettelive.co.uk/news/teesside-news/a-job-youll-tell-your-19046357
They have had to import tunnel sections because they can't keep up with the progress of the tunnel machine!
Cheated I too lost a lot of money £150k. But don't think the project will be any better now. DMC lost shaft contract, new company running shafts York Potash run by Chris Fraser himself I kid you not.
We all lost money on Sirius. Hopefully all the hazards have been ironed out and the project rests in honest hands.
I’ve followed this project since 2013 and it really is world class - unlike the government (who failed to support the project).
I look forward to it opening.
OR
New Civil Engineer reports new approach to Lockwood Beck shaft: https://www.newcivilengineer.com/latest/rethink-revealed-on-polyhalite-shaft-construction-method-20-08-2020/
It seems they making good costs savings and making good progress.
No shaft sinking this year, article in Mining International.
“Anglo American has confirmed its Crop Nutrients business has ended the contract of its shaft sinking contractor, DMC Mining Services UK Ltd, at the Woodsmith polyhalite project in the UK.
Anglo, which only took ownership of the asset earlier this year, said DMC staff were expected to transfer to Anglo American under the Transfer of Undertakings (Protection of Employment) Regulations, and construction progress was due to continue.
DMC was awarded the design and build contract for the construction of the deep shafts at the Woodsmith project back in February 2018 when the project was owned by Sirius Minerals.
This contract would have seen it engineer and construct four shafts at the project in North Yorkshire. Those shafts include a production and service shaft, each around 1,500 m deep, and two smaller shafts associated with the materials transport system, each approximately 350 m deep. It was to sink the deep shafts using Herrenknecht’s Shaft Boring Roadheader technology.
Herrenknecht developed the SBR for the mechanised sinking of blind shafts in soft to medium-hard rock. Based on the technology of the Herrenknecht Vertical Shaft Sinking Machine, the SBR offers improved safety performance compared with conventional shaft sinking methods while also achieving higher advance rates, according to the company.
DMC, itself, had become familiar with the technology after helping successfully sink two blind shafts to depths of -975 and -1,005 m, respectively, at the BHP-owned Jansen potash project in Saskatchewan, Canada.
Sinking activities with the SBRs at Woodsmith, meanwhile, were expected to start next year, with the machines having already arrived on site.”
magic word....... Redcar mudstone, thats what they are going through.
Bellers,
I carry out some consultancy work on the site of a very large logistics company in Middlesbrough (I do not carry out work for the logistics company) Two weeks ago I noticed that they are hauling concrete sections for what I assumed was either a tunnel or a shaft. Later that week I was talking to one of the senior managers of the company and I asked him if the sections were for the Woodsmith mine, and if so were they for the tunnel or the shaft? He told me that they were for the tunnel. He further told me that apparently the tunnel was progressing at such a high rate that the company producing the sections were having difficulty keeping up with the tunnelling machine / machines?
However it was my understanding (When I was invested in SXX) that there was a tunnel section / segment plant on site at Wilton. I live near the Lockwood beck service shaft site and I have seen very little activity there. I would have expected that if the tunnelling was going so well I would have seen a lot more activity at the Lockwood beck site.
I have no way to corroborate what I was told, but does it mean that the tunnel is / was progressing way faster than what was previously expected and faster than what investors in SXX were told? As far as I remember there wasn't any updated information regarding tunnel progress during the last few months before AAL took over SXX.