Anglo American has taken a further £1.2bn ($1.6bn) writedown on its fertiliser mine in North Yorkshire after setting out plans to pause work on the project while it undertakes a sweeping overhaul of the business.
Anglo plans to slash its investment in the Woodsmith fertiliser mine – in the North York Moors national park, near Whitby – next year from £1bn annually to £200m, before seeking strategic investors to restart full-scale work on the polyhalite project from 2026.
