RBT materials handling agreement and lease

Sirius signs materials handling agreement and lease with Redcar Bulk Terminal

§ Materials handling agreement signed with Redcar Bulk Terminal Limited to provide port and ship loading services for up to 10 million tonnes per annum

§ Long-term lease of land for storage facilities adjacent to port facilities

§ Arrangements will provide greater flexibility in storage and port operations

§ Reduces construction risk and capital expenditure requirements during the current construction programme which will have stage 2 financing benefits

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Liberum Capital Buy 33.18 60.00 - Reiterates

Berenberg today initiates coverage of Sirius Minerals PLC (LON:SXX) with a buy investment rating and price target of 50p.

StockMarketWire.com
Sirius Minerals said it had agreed to supply fertilizer to the Chinese companies Guangzhou Eiliseng Biotech and Yantai Service Agricultural Science and Technology from its Woodsmith Mine in Yorkshire.

The binding take-or-pay agreements both had 10-year terms, running from first production, with pricing 'linked to relevant product benchmarks', the company said.

Eiliseng Biotech and Yantai Service would purchase up to 1.2m tonnes per year and 800,000 tonnes per year, respectively.

The deals pushed the company's aggregate peak contracted take-or-pay sales volumes up to at least 5.7 Mtpa, up from 4.7 Mtpa.

'In China, government enforced changes in agricultural practices and planned farm consolidation will support the drive to restore soil efficiencies through the adoption of more balanced and environmentally sustainable fertilization practices,' Sirius said.

Sirius said its trials had demonstrated the benefits of its POLY4 product as a multi-nutrient fertilizer, with a low environmental impact that delivers greater nutrient uptake.

A 2 year high with decent volume.

It certainly looks promising with a good few saying "buy"

but don't expect instant gratification

Lowest price paid 7.40p over 3 years ago - I can wait :-)

Barchart Opinion

Partnership with Archer Daniels Midland Company

Expanded partnership with Archer Daniels Midland Company

§ Archer Daniels Midland Company ("ADM"), a Fortune 500 US-based agri-business, confirmed as Sirius' North American POLY4 off-take partner

§ Sirius signs agreement with ADM for the supply of starch-based binding agent to be used in the production of Sirius' POLY4 product



Sirius Minerals Plc ("Sirius" or the "Company") announces the signing of an agreement with ADM for the supply of binder for its POLY4 product and names ADM as the Company's North American off-take partner.

Archer Daniels Midland Company (NYSE: ADM), a Fortune 500 company (currently ranked 48th) is one of the world's largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries. With a global value chain that includes approximately 500 crop procurement locations, 270 ingredient manufacturing facilities, 44 innovation centers and the world's premier crop transportation network, ADM connects the harvest to the home, making products for food, animal feed, industrial and energy uses.

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

"Sirius has been working with ADM for more than four years and today's announcement further strengthens our relationship by securing ADM as an important supplier and as a customer aligning our interests for the long-term and demonstrating the significant role POLY4 will play in the world fertilizer markets."

ADM named as North American customer

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Liberum Capital Buy 36.44 60.00 - Reiterates

What about the prospect of reaching the all time high of about.46 reached about 2 years back ?

Looking a bit "gappy" and over bought?

Arguably a breakaway gap - time will tell.

https://ftalphaville.ft.com/2018/08/07/1533614400000/Sirius-Minerals--money-for-a-hole-in-the-ground/

Very interesting article on SXX and discussion afterwards. Many different opinions and 'experts'. (You need to be registered with FT to read).

motley fool sell notice dosn't help. profit or in the black 2023 to long for me.
will buy , back in @ 23p BB

Procurement and capital estimate update
§ Design and build contract signed with STRABAG for the remaining mineral transport system drives

§ Materials handling facility EPC contract signed with Jacobs UK Limited

§ Finalising procurement and the associated risk allocations expected to result in stage 2 funding requirement increasing by US$400 - 600m

§ Company to review the most cost effective and efficient sources of capital to fund the additional capital requirement



Sirius Minerals Plc ("Sirius" or the "Company") announces the signing of two major construction contracts and a revised capital estimate for the Company's North Yorkshire Polyhalite Project (the "Project"). The Company has entered into design and build contracts for the construction of Drive 2 and 3 of the Company's mineral transport system ("MTS") and an EPC contract for the construction of the materials handling facility ("MHF") at Wilton. In addition, following the signing of these contracts which substantially completes procurement across the Project, the Company has finalised a revised estimate of the Project's capital cost, funding requirements revised operating costs.

Chris Fraser, Managing Director and CEO of Sirius, commented:
"The signing of the contracts for the remaining tunnel drives and the materials handling facility at Wilton are significant steps forward for the business with almost all procurement now complete. The expected increased funding requirement coming from this process reflects an optimisation of the MTS tunnel design and a significantly improved risk allocation for Sirius to support the senior debt financing. The Project's economics remain extremely compelling and we are confident they support the expected additional funding requirement."

http://www.moneyam.com/action/news/showArticle?id=6117306

Liberum Capital today reaffirms its buy investment rating on Sirius Minerals PLC (LON:SXX) and set its price target at 60p.