Developers behind the plans for a multi-million pound potash mine on the outskirts of Whitby have finalised the acquisition of the land that it is set to be built on.
It was revealed to the City last week that the directors of Sirius Minerals Plc had confirmed that York Potash Ltd has completed the purchase of Doves Nest Farm near Sneaton.
The sale was for a total of 100 acres of freehold ownership, including the farm buildings, farmhouse and three separate holiday accommodation properties.
The site will house the proposed shafts and sub-surface processing buildings for the York Potash Project which has been delayed due to setbacks with the planning process.
It is hoped that the planning application will be re-submitted next year after the National Park requested more detailed information.
Until then the farm will remain occupied and operational in advance of the approvals process being completed
Chris Fraser, Managing Director and CEO of Sirius said: “There is no greater evidence of our determination to achieve the approval and completion of this project than our purchase of Dove’s Nest farm, the proposed location of the mine.”
In addition to this Sirius has also confirmed it had signed two memorandums of understanding with customers in China, for 500,000 tonnes per annum each
The firm now has total commitments of 3.78 million tonnes per annum, representing over 75% of phase 1 production.