Sirius Minerals (LON:SXX) were one of the biggest movers on the AIM market this morning, up 76.67% after it was announced that the North York Moors National Park Authority have granted approval for their project’s mine planning application.
Chris Fraser, Managing Director and CEO of Sirius, said: “This is really just the beginning for the Company – we have made a major step forward and now have a pathway to reaching production and unlocking ever more value for our shareholders.
“We are grateful to the members of the Authority for their positive consideration of the application and we thank our many loyal supporters, investors and customers for their patience in helping us to get to this stage.
“The case for the Project has always been compelling because it will not only generate so many jobs and economic benefits, but also because it is accompanied by such extensive mitigations, safeguards and environmentally sensitive design. We now look forward to delivering it.”
The company have now got the go ahead to build a potash mine on the North York Moors, where they will be able to tap a huge seam of a potassium-rich mineral called polyhalite. They say the project will create around 1000 local jobs.