Production at Woodsmith site near Whitby set back to 2030 as firm plans to pause work during overhaul Business live – latest updatesAnglo American has taken a further $1.6bn (£1.2bn) 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. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/25/anglo-american-takes-further-16bn-writedown-on-yorkshire-fertiliser-mine
Author : Jillian Ambrose
Publish date : 2024-07-25 13:10:45
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Anglo American takes further $1.6bn writedown on Yorkshire fertiliser mine
