20 Jul 2016 10:36
20 July 2016
Sirius Minerals Plc
Approvals update - Harbour approval secured
Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announces that it has received government approval for the Harbour Facilities element of its North Yorkshire polyhalite project (the "Project"). As a result, all major approvals for the Project have now been granted.
The Company has today been informed by the Department for Transport that the Secretary of State has approved its Development Consent Order ("DCO") for the Harbour Facilities at Teesside. This includes the new berth, ship loading facilities and the conveyor linkage to the Company's materials handling facility at the Wilton International site. The DCO includes all the compulsory purchase powers needed to develop the Harbour Facilities.
Chris Fraser Managing Director and CEO said:
"We're delighted to have secured this final approval for the Project and would like to thank everyone who has contributed towards the positive determinations of all of the planning applications and the DCO application.
"Our team is currently actively engaged in the financing phase of the Project and I look forward to providing further updates in due course. We are closer than ever to delivering this world-class Project."
A copy of the decision letter is available on the National Infrastructure Planning website: https://infrastructure.planninginspectorate.gov.uk/projects/north-east/york-potash-harbour-facilities-order/
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information, please contact:
Sirius Minerals Plc Investor Relations |
Email: ir@siriusminerals.com |
Tel: +44 845 524 0247 |
Joint Brokers Liberum Capital Limited (NOMAD) |
Neil Elliot, Clayton Bush, Jill Li |
Tel: +44 20 3100 2222 |
J.P. Morgan Cazenove | Ben Davies, Jamie Riddell | Tel: +44 20 7742 4000 |
WH Ireland | Adrian Hadden | Tel: +44 20 7220 1666 |
Media Enquiries Tavistock | Jos Simson, Mike Bartlett, Emily Fenton | Tel: +44 20 7920 3150 |
About Sirius Minerals Plc
Sirius Minerals is the fertilizer development company focused on the development of its North Yorkshire polyhalite project, the United Kingdom. It has the world's largest and highest grade deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium. 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.