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Author Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
John Lawson

Joined: 09/12/2010
Location: Castle Douglas Dumfries & Galloway

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 17/04/2019 20:52:24
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This ‘apparent’ abandonment of the railway option, in my opinion is just a little shortsighted especially when you consider an enormous amount of Boulby’s production is moved by rail to Teesport! IP: 31.52.22.198
RJV

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Joined: 16/03/2008
Location: Cleveland

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 17/04/2019 22:51:42
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Whitby & tourism more generally is the long-term cash cow & employer in those parts, not a mining venture with a finite lifespan. Bringing huge freight trains into or close to Whitby or along the coast or the Esk Valley would never be a viable or desirable option?

Regardless of that though, I'd guess it would be hopelessly inefficient & unsuitable to a large scale venture. Even the two carriage Middlesbrough to Whitby Northern Rail service takes half a lifetime down the Esk Valley line. Couldn't guess how long a heavy freight train would take, even with massive line improvements?
IP: 82.24.19.176
christwigg

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Joined: 20/02/2008
Location: Cleveland / North Yorkshire

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/04/2019 07:40:37
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There was no way on earth they would have got permission to build 'another Boulby' in the National Park.



It's no coincidence that the Lockwood service shaft is located in the first field in Redcar and Cleveland.
IP: 2.122.103.56
BertyBasset

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Joined: 13/12/2007
Location: Caernarfon, North Wales

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/04/2019 11:33:02
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I would have thought that a continuous conveyor system would be operationally more straightforward than having to load and unload a batch on and off a train. IP: 185.19.209.50
Kingfisher60024

Joined: 14/05/2018
Location: York

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/04/2019 11:57:31
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I believe an idea for a pier from the minesite out to deep water was also floated but quickly discounted! Laugh IP: 212.1.206.18
Jim MacPherson

Joined: 02/09/2015

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/04/2019 12:04:16
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The Hawsker spur was left intact after the Whitby/Scarborough line shut in 1966 just in case somebody chose to exploit the potash south of Whitby. Prescient if not really in quite the right place.

Given the current tunnel cost estimate of £600m (compared to £167m in 2016) I suspect RJV comment about the impact on tourism is more valid than just construction costs on the Esk Valley line and trans-shipment issues.

Of course it could be ICL playing a long game to push Sirius' cost base so high that they run out of cash/stop having a cost advantage Devil

Jim
IP: 213.1.17.86 Edited: 18/04/2019 12:05:32 by Jim MacPherson
inbye

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Joined: 06/07/2008
Location: Huddersfield

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/04/2019 12:05:21
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BertyBasset wrote:

I would have thought that a continuous conveyor system would be operationally more straightforward than having to load and unload a batch on and off a train.


Possibly not practical, even if securely covered, today's immortal and prosecution exempt children would soon find a way in, so they could ride the belt.



--

Regards, John... Huddersfield, best value for money in the country, spend a day there & it'll feel like a week........
IP: 94.196.193.161
BertyBasset

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Joined: 13/12/2007
Location: Caernarfon, North Wales

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 20/04/2019 00:33:08
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Although if it were in a secure tunnel!! IP: 86.164.64.39
inbye

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Joined: 06/07/2008
Location: Huddersfield

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 20/04/2019 07:40:20
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BertyBasset wrote:

Although if it were in a secure tunnel!!


Ahh, sorry. I thought you were proposing an alternative....



--

Regards, John... Huddersfield, best value for money in the country, spend a day there & it'll feel like a week........
IP: 188.30.107.124
russnp

Joined: 21/04/2014
Location: Holt, Norfolk

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 20/04/2019 11:26:47
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Am I right in thinking there is a narrow gauge railway in the tunnel next to the conveyor ?
I wonder if the owners would be up for the occasional special passenger train through it , if it were two foot gauge there are plenty of coaches that could be borrowed for such an occasion!
IP: 86.139.245.159
rikj

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Joined: 27/12/2008

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 06/08/2019 21:51:38
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Sirius Minerals have suspended the sale of the $500m bond that was key to unlocking the $2.5bn revolving credit facility at the end of September.

Seems current cash reserves will last until the same time.

Various news sources on the net. Sorry for using $ figures, £ ones out of date too quickly Blink
IP: 86.169.13.77
BertyBasset

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Joined: 13/12/2007
Location: Caernarfon, North Wales

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 06/08/2019 23:09:00
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It all seems to be converging towards Brexit Day. Good luck with that. I'm sure the financial sea will be nice and calm around that time. IP: 86.160.26.213
Jimbo

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Joined: 30/03/2007
Location: Ooop North

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 18/09/2019 12:09:13
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Oh Dear, too big too fast, the fickle world of mining bites again! Blink

https://www.ft.com/content/7afe6cba-d913-11e9-8f9b-77216ebe1f17

Not looking too good for small local private investors either now!
IP: 213.205.192.224 Edited: 19/09/2019 00:53:57 by Jimbo
Jimbo

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 19/09/2019 00:46:30
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Couple more articles!

https://www.standard.co.uk/business/small-investors-suffer-as-giant-uk-mining-plan-in-yorkshire-nears-collapse-a4238791.html

https://www.proactiveinvestors.co.uk/companies/news/902947/sirius-minerals-yorkshire-mine-will-be-on-ice-for-a-while-after-financing-collapse-says-proactive-research-analyst-902947.html
IP: 213.205.192.224 Edited: 19/09/2019 00:49:25 by Jimbo
rikj

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Joined: 27/12/2008

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 19/09/2019 11:56:49
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Can't believe how much some private investors have put in. No better time to buy shares than now though.

--

IP: 213.205.192.163
John Lawson

Joined: 09/12/2010
Location: Castle Douglas Dumfries & Galloway

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 19/09/2019 19:17:57
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rikj wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.

One can only hope that either the government underwrites part of the expense, or a bigger mining company, RTZ or BHP, will feel groups enough to come in.
One wonders what the PM is thinking about.if there is an election it is in my opinion he will lose a lot of his Scottish seats , and it is suggested he would hope to rake thes losses up in the North East.
My guess is the North East voters will remember all of this when it comes to the ballot box!
IP: 176.24.126.188
John Lawson

Joined: 09/12/2010
Location: Castle Douglas Dumfries & Galloway

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 19/09/2019 19:17:58
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rikj wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.

One can only hope that either the government underwrites part of the expense, or a bigger mining company, RTZ or BHP, will feel groups enough to come in.
One wonders what the PM is thinking about.if there is an election it is in my opinion he will lose a lot of his Scottish seats , and it is suggested he would hope to rake thes losses up in the North East.
My guess is the North East voters will remember all of this when it comes to the ballot box!
IP: 176.24.126.188
Jim MacPherson

Joined: 02/09/2015

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 20/09/2019 07:31:40
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rikj wrote:

Can't believe how much some private investors have put in. No better time to buy shares than now though.


In truth the best time to buy would have been 8am on Tuesday, you would've been twice as rich by yesterday evening.

That's the joy of speculating after the event.

Jim
IP: 109.151.207.234
legendrider

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Joined: 13/07/2014
Location: Darlington

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 20/09/2019 13:06:23
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Well, the definition of a Mine is "a hole in the ground into which you pour money"

hope it all pans out, I really do.

MARK

--

festina lente IP: 82.25.240.225
rufenig

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Joined: 18/03/2008
Location: Shropshire Hills

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 21/09/2019 06:23:02
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Another report.

https://www.bbc.co.uk/news/business-49766418
IP: 51.9.104.214
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