Study to reveal potash costs
THE firm behind proposals for a new potash mine on the outskirts of Whitby say they will be ready to unveil more detailed plans about their venture next month.
York Potash will make public its Project Study Update for the production of polyhalite - the mineral being sought by the firm to produce potassium, sulphur, magnesium and calcium.
It will also set out details of how the company could produce NPK fertilizers using polyhalite.
At present most of the world’s potash is typically mixed with Phosphorous and Nitrogen to create NPK fertilizers which allows farmers to provide balanced nutrients to crops.
With tests revealing that the Yorkshire Coast and the York Potash area has the world’s largest and highest quality deposits of potash it will allow the company to maximise the benefits of the rare mineral and simplify its processing.
York Potash said this could lead to additional benefits for the project and wider supply chain, as a more diversified business.
The study will also give updated costs for the project following more detailed engineering studies.
It will also set out the capital and operating costs for the areas of the mine shaft, mineral transport, processing and the port facility in Teesside where potash is going to be piped underground so it can be processed.
The Teesside plant is going to be the subject of a separate planning application while an application for the mine itself, earmarked for Dove’s Nest Farm at Sneatonthorpe is expected to be submitted to the National Park before the New Year.
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Friday 24 May 2013
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