Company News 

Sirius Minerals on the brink

Sirius Minerals on the brink

A torturous summer was capped for shareholders in Sirius Minerals (SXX) this week after the aspiring polyhalite miner scrapped its plans for second-stage financing, throwing into serious doubt the future of the UK’s largest mining development in a generation. Six weeks after an aborted attempt to tap the bond market for $500m (£400m), the group concluded that a second attempt had been rendered impossible by what it termed “current market conditions”.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now