Global mining company Anglo American expects to spend roughly £446m on the Woodsmith Project this year as shareholders are set to receive a bumper dividend totalling £1.5bn.
In a presentation of results to investors, the FTSE 100 company said it had invested £394m ($530m) last year in the polyhalite fertiliser mining scheme that includes its mine near Whitby, North Yorkshire, an underground conveyor belt and shipping facilities on Teesside.
Only in December the company said it anticipated spending roughly £530m ($700m) on the project.
