Sirius Minerals plc An open letter from Russell Scrimshaw (3362G)
16 Marzo 2020 - 5:29PM
UK Regulatory
TIDMSXX
RNS Number : 3362G
Sirius Minerals plc
16 March 2020
FOR IMMEDIATE RELEASE
16 March 2020
An open letter from Russell Scrimshaw, Chairman of Sirius
Minerals Plc
Today marks the last day for Sirius Minerals Plc, with the
delisting of the shares due tomorrow, when the takeover of Sirius
is due to be concluded by Anglo American plc. I want to use my last
day as a director of the Company to say a very sincere thank you to
every stakeholder that has supported the Company during my time at
Sirius.
There are so many people to thank, but I will start with the
landowners and the wider local community in and around all our
development sites for the Woodsmith Project. They have long backed
us and our endeavours, understanding the economic and employment
benefits that have and will be brought to the area, as well as the
benefits to the country as a whole and the global agricultural
market.
They have trusted us to develop the project in the right way,
given its sensitive location, and I believe we have repaid that
faith throughout our planning, development and construction work.
In 2013 our CEO Chris Fraser, with the full support of the Board
and Management, set up the Sirius Minerals Foundation to help share
some of the revenue from the project with the local area. That
legacy will endure, and I trust it will be a positive influence in
the area for decades to come.
To our customers and research partners around the world I offer
my very sincere gratitude. There are (and continue to be) plenty of
people that seek to talk our POLY4 product and project down. But
our customers know and understand its value and role in the future
of agriculture and without them we could not have progressed this
far. I look forward to the day that they first start receiving
product and they in turn continue to help support farmers with
better and more efficient fertiliser practices that the world
continues to need.
Without our shareholders and our investors, we obviously would
not have been able to make any progress at all. I know there has
been much disappointment regarding the value to shareholders that
the takeover has delivered. However, given the circumstances it was
the only viable route forward. I am sorry we could not deliver what
we hoped to, but we scoured the globe for a funding solution
(without success) after our stage two financings ran into
difficulties. This will of course forever be a major regret to
everyone involved as it has meant that we at Sirius Minerals Plc
were not able to bring the project into production and revenue.
I want to pay particular thanks to Mrs Rinehart and her Hancock
Prospecting team for their ongoing support. In 2017 they signed a
royalty agreement with the Company that helped underpin the stage 1
financing which in turn allowed construction to start and a wave of
jobs throughout the area to be created. In challenging times to
raise money for major greenfield mining projects, this was a major
vote of confidence in both the project and the UK. I have no doubt
they will be a great partner with Anglo American.
Finally, I want to thank the amazing team at Sirius Minerals,
including our contractor partners and advisers, who have worked
diligently and tirelessly over the last 10 years to make the
Woodsmith Project a reality. Few people will understand as well as
I do the level of sacrifice that members of the team have made to
progress the project and deliver the many achievements that so many
people said weren't possible.
Everyone involved with the project must now focus on the job at
hand, progressing work under the stewardship of Anglo American. I
take great comfort knowing that the project will be taken over by a
responsible business and team at Anglo American, such is the
importance of the project's delivery to the local area, the country
and indeed the industry as a whole.
Thank you for your support.
Russell Scrimshaw
Chairman
Enquiries:
Sirius
Gareth Edmunds
Tristan Pottas +44 (0) 845 524 0247
Edelman (Sirius's PR adviser)
Alex Simmons +44 (0) 20 3047 2543
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCBLGDXUDBDGGL
(END) Dow Jones Newswires
March 16, 2020 12:29 ET (16:29 GMT)
Grafico Azioni Sirius Minerals (LSE:SXX)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Sirius Minerals (LSE:SXX)
Storico
Da Nov 2023 a Nov 2024