Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, Chief Executive Duncan Wanblad told...
Anglo American has sought fertiliser partners for months, says CEOLONDON - Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, Chief Executive Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls.
Woodsmith, on which the miner announced a $1.7 billion writedown a year ago, has the world's largest known deposit of polyhalite, a naturally-occurring mineral containing nutrients including potassium, calcium, magnesium and sulphur, which it is marketing as POLY4. The company's net debt swelled to $10.6 billion by the end of 2023, from $6.9 billion a year earlier.Wanblad also said a plan to spin off the company's platinum unit in South Africa, sell off or demerge the diamonds and coking coal businesses wasn't rushed by the takeover threat from BHP."I started an operational restructure last year ...in May, it was completed in December," Wanblad told Reuters.
Duncan Wanblad North Yorkshire Woodsmith Platinum Businesses
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