EMBATTLED
Last month, Sirius boss
One of these is veteran city tycoon
According to Odey, Anglo's offer is too cheap, and because it is not "best and final", Anglo American has left the door open to paying more. Odey owns around 1.3 per cent of Sirius compared to 7.8 per cent by Jupiter. It was hoped Sirius' North Yorkshire potash mine could generate jobs — both directly through the operation, and indirectly by exporting the product via the nearby port of Teeside. The mine is thought to be the largest potash deposit of in the world but the project ran into difficulty in September last year when it failed to win key funding.
Other investors include people local to the North Yorkshire site, some of whom are thought to have put their life savings into it. In addition to Fraser, local MP
Investors will meet today to decide whether to accept the Anglo offer.
(c) 2020 City A.M., source