Investors in a potash mine, including thousands of local people from the Whitby area look set to benefit on paper this morning after shares of Sirius Minerals rocketed up in price - with a rise of more than 80%.
It follows a controversial vote yesterday evening in which the North York Moors National Park approved the plans.
The company is listed on the alternative stock market.
A controversial plan to sink a huge potash mine in the North York Moors National Park has been approved by park authority members tonight.
It is said the project will create more than a thousand jobs - and many more when it's under construction. But there have been fears it could damage the environment. Chris Kiddey reports from Sneaton Castle near Whitby.
Sadly, North York Moors National Park authority members voted narrowly by 8-7 this evening, after nine hours of... http://t.co/kWyLV8Ladj
The Campaign for National Parks has expressed its 'disappointment' at the approval of a potash mine by the North Yorks Moors National Park Authority and says it is now considering mounting a legal challenge.
The charity, which acts as the independent national voice for the 13 National Parks in England and Wales, says the project is 'completely incompatible' with National Park purposes.
CNP now has six weeks to apply for a judicial review and says it now needs to decide whether there are grounds for such a challenge.
We’re really disappointed that NPA members have approved the construction of the world’s largest potash mine in the North York Moors. We have long maintainedthat this project is completely incompatible with National Park purposes and that the promised economic benefits could never justify the huge damage that it would do to the area’s landscape and wildlife and to the local tourism economy. There was clear evidence of the planning grounds for refusing this project in the report produced by NPA officers but there has also been huge pressure for NPA members to approve a project which has been widely promoted as bringing employment to the area, even though many of the jobs will not go to local people.
The North Yorks Moors planning commitee has approved plans for a potash mine in the national park, near Whitby, by eight votes to seven. It could set a benchmark for national parks nationwide.
Controversial plans to sink a mile deep mine shaft and create a 1,000 jobs in the heart of the North York Moors National Park near Whitby are expected to be decided today. Mining firm Sirius Minerals wants to dig billions of tonnes of potash - a type of fertiliser - from beneath the moors and seabed. But dozens of environmental groups say the mine will harm one of the region's finest landscapes and damage the vital tourism industry.
Some of the world's biggest cruise-liners could soon be heading to Yorkshire after plans for a new cruise terminal took a big step forward. Hull City Council has backed plans that would see a new berth for the liners created on the Humber, close to the city centre, creating hundreds of jobs and bringing millions of pounds of tourists' cash to the area. But there is concern from some living near the waterfront that the area is not suitable as James Webster reports.
Hull City Council has approved plans for a cruise ship terminal at the city's docks.
The development of the docks could boost visitor numbers and tourism in the area and generate £13 million annually for the city's economy and an additional £15 million for the region.
Areas identified as possible locations for the terminal include Sammy's Point, beside The Deep, and Albert Dock.
The council now says it is looking for private investment for the project.
The development and delivery of a city centre riverside berth will create a long term legacy for Hull, contributing to the wider regeneration of the city centre. Importantly, it will also create long-term employment opportunities for our existing workforce and young people in a key sector. This is such an exciting time in the city and alongside plans already in place to redevelop the city centre and some of our key culture hubs like the Ferens Art Gallery; we need to look to the future and how the city can continue to capitalise on the City of Culture success.
Talks are set to resume today to try to avoid a 24-hour strike by Tata Steel workers at sites including Scunthorpe and Rotherham.
Unions will meet company bosses after workers voted to strike over changes to the pension scheme. It will be the first in the industry in 30 years.
Tata Steel UK says it's approached the conciliation service ACAS to try to resolve a pension dispute wth its workforce.
The company has sites across the North East, at Hartlepool, Skinningrove, Lackenby, Darlington, York and Blaydon.
A one day strike is planned for later this month. Tata says it's facing a projected shortfall of more than £2 billion pounds this year. The Unite union says it's provoking the biggest crisis in the steel industry for a generation.
Thousands of workers at Tata Steel are to go on strike in a row over pensions, unions have announced.
The strike, the first in the industry for 35 years, will take place on 22 June, with around 13,000 workers involved in the action.
It follows a decision by the company to close employees' final salary pension scheme
As ITV News Business Editor Joel Hills reports, Community union General Secretary Roy Rickhuss claimed the move had given staff "no option" but to strike.
“Tata have given us no option but take industrial action" - Roy Rickhuss, Community. Dispute over closure of British Steel pension scheme.