By Robert Tyerman | Saturday 22 August 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Sirius Minerals (SXX), the AIM-quoted company seeking to develop one of the world’s largest high-grade potash deposits in the North York Moors National Park, says it has reached agreement to expand a recently-signed take or pay supply agreement with a ‘major US agri-business’. This will see the company’s sales rise from an annual 500,000 tonnes of polyhalite for an initial five years to 1.5 million tonnes over seven years from its York Potash project.
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