P J H
- 30 Jun 2009 16:01
HARRYCAT
- 30 Jun 2011 18:41
- 98 of 976
Cp, the sp has gone steadily down from 22p to 6p. The demand for food worldwide continues to increase, yet the SKR and SXX prices continue to fall. It's not all about food demand however, but companies which are profitably producing potash and phosphates in stable political environments. There are already a number of these, Canadain companies being one of the top producers atm.
As for manipulation of stock, enough has already been said on that subject on these boards. If you think that's the case, then my advice is to avoid the stock.
rococo
- 04 Jul 2011 08:44
- 99 of 976
9.75p +0.25p
RNS ......
York Potash Concept Study
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the commencement of the Concept Study on the York Potash Project.
The Concept Study represents a key stage in the development of the York Potash Project. During this phase the various options and development alternatives for the project will be analysed and tested. Importantly a through innovation analysis phase will be incorporated to ensure the latest breakthroughs in mine and process development and sustainable design are incorporated into the Project. Sirius expects this to be completed by the end of 2011.
Sirius has finalised the appointment, via its subsidiary York Potash Ltd, of its team of consultants to deliver the Concept Study for York Potash. The Company has adopted a novel approach to this critical early stage study of the project's feasibility by appointing leading specialist consultants for different project aspects:
-- Geology and Drilling: FWS Consultants
-- Concept Study Engineering: Ercosplan
-- Slurry Pipeline Transport: Murphy Group
-- Owner's Team Support: Hatch
Chris Fraser, Managing Director and CEO of Sirius, said: "We believe we have assembled the best possible team of consultants to help us deliver the York Potash Project. Our decisions have been based on securing relevant and practical expertise in analysing the unique aspects of the York Potash Project. In this team we have access to well over 100 years of potash expertise and this strongly positions us to deliver the highest quality Concept Study for the project."
FWS (www.fwsconsultants.co.uk) has been working on the York Potash Project since its inception in early 2010. Lead by Rick Smith, the FWS team remain the lead consultants on all geological aspects of the project.
Ercosplan (www.ercosplan.com) is one of the world's leading potash geological and engineering consulting firms. In particular they have extensive in-house expertise in relation to the Zechstein Basin from their origins in the German potash industry and from working with K+S KALI GmbH. Ercosplan will have overall responsibility for the compilation of the Concept Study and work in partnership with Sirius's other consultants.
Given the important potential represented by the transport of mined ore to processing facilities via pipelines, Sirius decided to secure the services of a dedicated pipeline expert. Murphy Pipelines (www.murphygroup.co.uk) has extensive experience in the construction of major pipeline systems around the world but in particular in the UK. Murphy brings practical expertise and should enable Sirius to form more definitive views on the viability and economics of the pipeline systems sooner.
In addition, Sirius has secured the services of Hatch (www.hatch.ca) to work with the Owner's Team to drive project innovation and analysis. Hatch provides a very powerful resource with extensive potash expertise. Their ability to critically review and provide input into the Concept Study will be of significant value to the Company.
chessplayer
- 04 Jul 2011 09:04
- 100 of 976
We seem to have a recovery underway, supported by some half decent news. high time too !
rococo
- 04 Jul 2011 12:39
- 101 of 976
There was a seller @ 9.50p, a large order was put on the order book, and eventualy was done as AT.
since then the buyers are back and the bid is back to 9.50p, instead of offer
rococo
- 06 Jul 2011 10:00
- 102 of 976
10.50 / 10.75p -0.25p
The stock looks like had reached its peak for the moment being after rising from lows lately.
Indicators at its top also overbought. selling is going on now.
HARRYCAT
- 21 Jul 2011 12:27
- 103 of 976
StockMarketWire.com
Sirius Minerals have gained approval from the North York Moors National Park Authority for two additional planning applications for drill sites for the York Potash Project.
At a meeting held in Helmsley, North Yorkshire, the members of the North York Moors National Park Planning Committee approved the applications following the Officers' positive recommendation.
Following the successful early completion of the preparation work at its first drill site near Hawsker in North Yorkshire and procurement of critical components Sirius expects the first drill rig to be on-site next week.
Given the amount of anticipation and interest in the first drill hole Sirius will update the market when drilling has commenced. At this time, Sirius will also provide an expected schedule for the completion of the first hole.
Site preparations have now also commenced at the second drill site near Ugglebarnby, North Yorkshire.
Chris Fraser, Managing Director and CEO of Sirius, said: "After months of preparation and planning, drilling at the York Potash Project is about to commence. This is an exciting time for Sirius and represents the culmination of the lot of hard work by everyone involved. However, this is only the beginning of defining the quality and extent of this important potash deposit in North Yorkshire."
chessplayer
- 21 Jul 2011 15:03
- 104 of 976
Good enough for me, so have bought a few more.
skinny
- 27 Jul 2011 07:32
- 105 of 976
For immediate release: 27 JULY 2011
Sirius Minerals Plc
Preliminary Results for the Year Ended 31 March 2011
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the Company's preliminary results for the year ended 31 March 2011.
Financial and Operational Highlights within Period
24.3 million raised through three separate placings. High quality institutions now hold some 15% of the Company's issued share capital;
Acquisition of York Potash Limited in January 2011;
JORC Exploration Targets1 established for the York Potash Project of between 3.3 and 6.0 billion tonnes of 67% to 94% polyhalite (19% to 27% K2SO4) and of between 330 million and 400 million tonnes of 35% to 40% KCl;
Board strengthened with the appointments of Chris Fraser, Andrew Lindsay and Russell Scrimshaw;
Operational management team expanded; and
Ongoing evaluation activity at Sirius' Adavale and Canning Basin properties in Australia and first hole drilled at Dakota Salts in North Dakota.
Post Period
Planning applications for the first four drill sites at the York Potash Project approved by the North York Moors National Park Authority;
Concept Study for York Potash commissioned;
Drilling programme commencing at York Potash; and
The appointment of Peter Woods as a non-executive director
Chris Catlow, Chairman of Sirius, said:
"York Potash has the potential to rapidly become a "Tier 1" company-making asset. It provides Sirius with a world-class project that has every chance of becoming a major potash production centre and a significant contributor to both the North Yorkshire and the UK economies.
"Sirius remains committed to a diversified portfolio approach to major project financing and development. At the same time as aggressively moving York Potash forward we will continue to conduct exploration and analysis work on our existing Australian and American properties and review and evaluate numerous other opportunities to add shareholder value. Strength throughout our portfolio is what will drive the success of Sirius in achieving its goal of becoming a major potash producer.
"With our strengthened balance sheet, management team and portfolio, we believe the Company has made excellent advances in the period as we progress on our path of becoming the New Potash Powerhouse."
chessplayer
- 27 Jul 2011 08:22
- 106 of 976
Has anyone seen time scale projections for these plans?
HARRYCAT
- 01 Aug 2011 08:43
- 107 of 976
Commencement of Drilling at York Potash
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) are pleased to announce that over the weekend drilling of the first hole commenced at the York Potash Project.
It is planned that each hole in the York Potash drilling programme will utilise two rigs to improve efficiency and reduce impact. The first smaller "top-hole" rig will sink each hole to approximately 750 meters. At this point the larger "coring" rig will be brought onto the hole to core the entire evaporite sequence. It is anticipated that each hole will intersect the two potassium chloride targets, the Sneaton and Boulby seams, and the potassium sulphate target, the Fordon polyhalite seam. While the coring is occurring at one hole, the top-hole rig will move onto the next hole and the procedure will be repeated.
This drilling programme has been designed to reduce impact at each drill site. During the first phase of each hole it is planned that the top-hole rig will only operate on a 12-hour day shift basis. The coring rig will however operate 24 hours a day. The time taken by the top-hole rig is expected to be approximately the same as the time required by the coring rig for the coring of each hole. This has been planned to result in a relatively seamless handover of each hole from the top-hole rig to the coring rig.
Subject to a number of factors inherent in drilling of this nature, the first hole is anticipated to take up to 60 days to be completed. Following the completion of each hole it is expected that it will take approximately three weeks before Sirius receives the assay results. Once Sirius has had an opportunity to review the results it will update the market as soon as practicable.
HARRYCAT
- 18 Aug 2011 15:02
- 108 of 976
StockMarketWire.com
North York Moors National Park Authority has approved an additional planning application by Sirius Minerals for a drill site for the York potash project.
And a further application was also approved subject to the receipt of confirmations from certain government agencies.
MD Chris Fraser said: "Work is now well under way on the York potash drilling programme with rapid progress made over the last two months.
"Securing these new approvals continues the good momentum of the project and is testament to our commitment to deliver this phase of the project in the shortest time possible.
"We will continue to work positively with the local community and decision making bodies to deliver the very best project possible."
chessplayer
- 31 Aug 2011 07:47
- 109 of 976
Sirius Minerals Plc
Director Dealings
RNS Number : 2576N
Sirius Minerals Plc
31 August 2011
For immediate release: 31 AUGUST 2011
Sirius Minerals Plc
("Sirius" or the "Company")
Director Dealings
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash mining company, were notified on 30 August 2011 that Desmo Super Pty Limited as trustee of Desmo Superannuation Fund, of which Mr CN Fraser is a beneficiary, has purchased on 30 August and the previous trading day 500,000 of the Company's 0.25p ordinary shares ("Ordinary Shares") at an average price of 9.44p each. Following this transaction, Mr Fraser has an indirect beneficial interest in 114,000,750 shares representing 11.0% of the Company's issued share capital.
As at the date of this announcement, the Company's issued share capital consists of 1,032,577,755 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.
Therefore the total number of Ordinary Shares in the Company with voting rights is 1,032,577,755.
For further information, please contact:
Sirius Minerals Plc
Chris Fraser
(MD & CEO)
Tel: +44 7582711382 or
+61 404 073 288
Andrew Lindsay
(FD & CFO)
Tel: +44 20 3327 3661
NOMAD
Joint Brokers
Media Enquiries
Beaumont Cornish Limited
Liberum Capital Limited
XCAP Securities Plc
Gth Media Relations
Roland Cornish,
James Biddle
Michael Rawlinson, Clayton Bush
John Grant, Karen Kelly, Parimal Kumar
Toby Hall,
Christian Pickel
Tel: +44 20 7628 3396
Tel: + 44 20 3100 2222
Tel: +44 20 7101 7070
Tel: + 44 20 3103 3903
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 and Western Australia).
The Company is additionally progressing ongoing Innovation initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.
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 the use of 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
skinny
- 09 Sep 2011 07:59
- 110 of 976
RNS Number : 8974N
Sirius Minerals Plc
09 September 2011
For immediate release: 9 SEPTEMBER 2011
Sirius Minerals Plc
("Sirius" or the "Company")
CSIRO Study
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce that it has engaged Australia's leading research institute, the Commonwealth Industrial and Scientific Research Organisation ("CSIRO"), in a research project that will explore the application of new and potentially more accurate methods for potash resource analysis and estimation.
Sirius and CSIRO hope that this project will demonstrate the applicability of these new techniques, originally developed for oil and gas exploration, to potash exploration. If successful, this project will enable Sirius to draw more accurate conclusions from seismic exploration data and potentially reduce the cost of exploration for all of its potash projects.
The most common techniques used for seismic analysis were designed when computer hardware was older and much slower. CSIRO's techniques take advantage of modern processing power to run much more intensive calculations. Referred to as "uncertainty quantification", these methods are better able to factor in the inherent uncertainty in seismic analysis.
The initial data set for the project is the seismic data from Sirius' Canning Basin project. This will have the dual purpose of proving that the new methods are potentially applicable to potash while also potentially advancing the analysis and understanding of Sirius' West Australian assets. Other project data will be considered as the project progresses, including data from York Potash, Dakota Salts, and Adavale.
Chris Fraser, Managing Director and CEO of Sirius, said:
"If we can improve the value we get from seismic analysis we can potentially significantly reduce the amount of drilling we need to undertake during project development. Ultimately, we hope to be able to use these exciting modern techniques for all of our future potash exploration.
"By collaborating with CSIRO, Sirius can potentially benefit from more leading-edge technologies normally only available to companies with large, mature R&D programmes."
The CSIRO is Australia's national science agency, aiming to tackle major national challenges through large scale, multi-disciplinary R&D and technology transfer, with a staff of 6000, and a science budget of A$1.4bn annually. CSIRO has a long history of undertaking world class research in the resources and minerals domain and works with many SME and global companies across the exploration, extraction and minerals processing industries.
chessplayer
- 12 Sep 2011 09:02
- 111 of 976
Sirius Minerals Plc
Adavale Synergy Study
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce it has engaged Parsons Brinckerhoff, a leading engineering firm, and RMIT University in Melbourne to explore how synergies between the potash solution mining and coal seam gas industries could enable more sustainable development options for the Adavale Project in Queensland, Australia.
The Adavale Synergy Study will be a multiple phase study that will look at several linked development scenarios and unique synergies that could provide better economics for the Adavale Project. The first phase of the project is expected to take at least six months.
Solution mining is a method of underground mining that uses water to recover mineral salts such as potash. A key determinant of project viability for solution mines is securing cost effective and sustainable access to water. A major part of this current Adavale study is to evaluate the viability of using the wastewater from the nearby coal seam gas industry.
Coal seam gas wastewater contains salt and other mineral impurities that make it unsuitable for direct disposal on the surface or in the ocean. The coal seam gas industry is currently planning to install large desalination facilities to purify this water. Desalination requires large amounts of energy and produces significant amounts of salt and impurities as waste products that must be disposed of.
The potential exists to directly use the wastewater from coal seam gas extraction for potash solution mining. This water source provides a unique benefit in that the salt content of the wastewater could actually improve the recovery rate of potash and therefore improve the economics of potash extraction. For the coal seam gas industry solution mining at Adavale potentially represents a unique low impact method for permanently and safely storing the salt and mineral impurities deep below the surface (over 1,500 meters) in the salt formations.
Another area of focus for the Adavale Synergy Study will be to explore the potential to generate power and industrial heat from advanced solar thermal ponds (being developed in collaboration with RMIT). Solar ponds store excess wastewater and convert solar heat to energy. They work by capturing the sun's heat in very salty water at the bottom of the pond. This heat can then be extracted and used for either industrial processes or converted to electricity. Unlike solar panels, solar ponds continue to operate at night and when it's cloudy. Solar ponds are potentially a valuable renewable energy generation and storage system requiring only salt, water and sunlight to operate.
Finally the study will also evaluate the potential to realise added value by processing salt and renewable electricity from the solar ponds through the construction and operation of an on-site chloralkali plant. Chloralkali plants convert salt to products such as caustic soda that are used in many essential Australian industries such as the alumina industry in Queensland. Global demand for caustic soda is over 60 million tonnes and spot prices are currently over $400/tonne.
Chris Fraser, Managing Director and CEO of Sirius, said:
"Sirius Minerals is committed to creating value not just for its shareholders, but for the ecological and social environments in which it operates. We believe that an integrated potash mine, chloralkali plant and solar wastewater pond energy system could result in a profitable and environmentally sustainable solution for Sirius and for Queensland.
"The basis of this concept is for potash solution mining to extract sustainable value from a major waste problem faced by the $60 billion coal seam gas industry in Queensland. If this concept proves to be viable Sirius believes it could significantly improve the viability and economics of our Adavale Project and also offer a more sustainable and economically attractive waste water solution for the rapidly growing coal seam gas industry in Queensland.
"The potential of a synergistic linkage that brings together the coal seam gas industry, potash solution mining, renewable energy generation, and caustic soda production is quite remarkable. Sirius is uniquely positioned to analyse and realise this potentially economically rewarding and sustainable business solution."
HARRYCAT
- 13 Sep 2011 07:45
- 112 of 976
Drilling and Planning Approvals Update
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to provide an update on drilling and planning application approvals for its York Potash Project.
Drilling Update
Following the completion of the top-hole rig activity on Hole 1 (Pasture Beck), the larger coring rig arrived at Pasture Beck on 5 September and, having been successfully installed, drilling has now begun. It is expected to reach the evaporite minerals and commence coring in approximately ten days. Separately, top-hole drilling at Hole 2 (Howlett Hall) commenced on 2 September and drilling depths now exceed 100 meters.
Planning Approvals Update
Further to the announcement of approvals on 18 August, Sirius last week received written confirmation of the approval on the remaining application. The Company has now secured six planning application approvals to drill exploratory holes within the National Park. Additional applications are expected to be submitted to the National Park within the next month.
skinny
- 20 Sep 2011 07:16
- 113 of 976
Sirius Minerals Plc
("Sirius" or the "Company")
Macquarie Appointed Nomad and Joint Broker
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce that the Company has appointed Macquarie Capital (Europe) Limited ("Macquarie") to act as its Nominated Adviser and joint broker with immediate effect.
Chris Fraser, Managing Director and CEO of Sirius, said:
"We are delighted to appoint Macquarie as our Nomad and Joint Broker. They are one of the world's leading global resources banks with strong research and distribution capabilities in the mining and agricultural sectors. The combination of Liberum and Macquarie as Joint Brokers give the company access to market leading expertise to advance Sirius towards our goal of becoming a leading producer in the global potash industry."
HARRYCAT
- 20 Sep 2011 12:57
- 114 of 976
Liberum note today: 26p target price
Sirius Minerals aims to become a global force in the potash industry through the development of its flagship York Potash project in North Yorkshire, England. 97km of historical drill data indicates 3.3-6.0bn tonnes of high grade polyhalite (19-24% K2SO4), while ongoing drilling is set to deliver a JORC resource in Q112.
The completion of a Scoping Study (expected end of 2011) will mark a key step in confirming early indications of asset potential to support a large scale (3Mtpa), low cost, premium priced potash operation. At the helm is a world class big financing management team headed by CEO Chris Fraser (former Head of Metals and Mining, Citigroup Australia) and Chairman Chris Catlow (Former CFO of Fortescue Metals Group
We see material upside to our base case EV valuation of $390m (0.26/shr, +109 premium to current price) as management begin to wake a sleeping potash giant.
skinny
- 17 Oct 2011 07:02
- 115 of 976
RNS Number : 2407Q
Sirius Minerals Plc
17 October 2011
For immediate release: 0700hrs, 17 October 2011
Sirius Minerals Plc
("Sirius" or the "Company")
Expansion of Management Team
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the appointment of Mr Graham Clarke to the position of Operations Director.
Graham Clarke is the current Managing Director of Cleveland Potash Limited, which operates the Boulby Mine in North Yorkshire, the UK's only potash mine. He has spent his entire 26 year career at Boulby. During this time he has served in many roles and has been Managing Director since 2004. This has given him unique insights into all aspects of operating a large-scale potash production facility. In particular, Graham has been instrumental in the commissioning of the Boulby Mine's polyhalite extraction project. Boulby is the only operational polyhalite mine in the world today.
Graham will be one of the key leadership team delivering the York Potash Project. He will also have broader involvement in the development and execution of the Company's global development strategies. He will formally join Sirius in early April 2012 once his notice period with Cleveland Potash has expired.
Chris Fraser, Managing Director and CEO of Sirius, said:
"I am absolutely delighted to announce Graham's appointment to the Company. There is no person better qualified to help us continue the rapid progress of the York Potash Project and to fulfil our goal of becoming one of the world's leading potash producers. Not only is he the only person to successfully commission and oversee a new polyhalite mine, but he lives and breathes for the local area and its wellbeing."
Graham Clarke commented:
"I have been very impressed with the strategy and approach of Sirius and in particular the sense of urgency and innovation ingrained in the Company's culture. The York Potash Project is a fantastic project and the opportunity to join Sirius and help deliver its large-scale production strategy is an opportunity I could not turn down.
"I understand not only the challenges involved but also the huge benefits the York Potash Project can bring to the area and the UK. The operational experience I have of mine development, the local environment and health and safety issues will enable me to help accelerate the York Potash Project towards production.
"I leave Boulby after many happy years and with great gratitude to all the hard working members of staff. There is a strong management team in place to step into my shoes and I look forward to the possibility of working together in the future on key areas of potential cooperation."
skinny
- 27 Oct 2011 07:49
- 116 of 976
Preliminary Coring Results.
81.8 metres (true thickness) of total potash mineralisation across all three seams with the hole being terminated while still in polyhalite mineralisation;
All three potash seams successfully cored;
65 metres of polyhalite (potassium sulphate) mineralisation within the Fordon evaporites including two zones containing a total of a 19 metres (true thickness) of massive higher grade polyhalite;
7.8 metres of the Boulby potassium chloride seam;
9 metres of the Sneaton potassium chloride seam; and
~100% core recovery.
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the completion of coring at its first borehole at the York Potash Project.
Chris Fraser, Managing Director and CEO of Sirius Minerals, said:
"Although preliminary, these are fantastic results for Sirius. The confirmation of all three seams in exceptional thicknesses is a validation of the world-class status of the project. We are all looking forward to the completion of the chemical assays to confirm the grade of these potash zones. Of particular excitement is the 19 metre thickness of massive polyhalite. This compares very favourably to the 5 metre thickness assumption used in the previously announced Exploration Target.
"The first hole we have drilled in the York Potash Project has delivered one of the world's single thickest potash intersections ever reported."
chessplayer
- 27 Oct 2011 14:36
- 117 of 976
The market certainly likes the news, up 2 points with 35 million shares traded