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Stage one of financing complete for North Yorks mine

Sirius issues plans for North Yorkshire potash mine Credit: ITV Tyne Tees

245 million pounds has been invested in Sirius Minerals as it starts raising money to pay for its planned North Yorkshire mine.

The money has come from an Australian company owned by billionaire Gina Rinehart.

It's stage one of securing finance for the mine to be built under moorland near Whitby - a project that will cost around 1.7 billion pounds.


Decision time for North Yorkshire potash mine

Proposed potash mine.

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 have been approved at a planning committee tonight - June 30.

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.

The decision was won by eight votes to seven.

200 new jobs at Boulby Potash mine

Boulby Mine is a 200-hectare site located just southeast of the village of Boulby, on the northeast coast of the North York Moors Credit: ITV Tyne Tees

200 new workers have been taken on at the country's biggest potash mine as part of a major expansion.

Cleveland Potash is investing £300m at its site near Saltburn and says it will increase production and help secure of the mine for another 40 years in the future.

1100 people are currently employed by the company, which is looking to recruit another 85.

It mines potash and polyhalite used in fertilisers and extracts salt which is used to grit the roads.

A consultation is also underway to see whether another company can create a similar mine south of Whitby. Credit: ITV Tyne Tees

As well as employing local people, the firm is drawing from a pool of experienced former miners to make sure it can meet demand.

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