Mining giant Anglo American says progress is being made at its multimillion-pound North Yorkshire and Teesside fertiliser operation.
In an update to investors Anglo said the project - which will access the world's largest known deposit of natural fertiliser polyhalite - had "continued to progress to our updated plan". The plc previously introduced a technical review and changes to the design of the mine which it said would result in a longer road to completion and operation than anticipated under the project's previous owners Sirius Minerals.
Half year results for Anglo American in the six months to the end of June showed underlying EBITDA losses for the project had widened to $18m, compared to $12m in the same period of 2021. The ultimate capital expenditure on the Woodsmith Mine project is expected to be set later this year and is subject to design engineering works carried out following the review.
