Anglo mentioned it can provide polyhalite from its multi-billion-dollar Woodsmith mine undertaking in North Yorkshire as a part of the agreements, even because it pushed again the date of first manufacturing from 2027 and took impairments of $3.3 billion to date.
The corporate has been searching for companions for the undertaking as a part of a wider overhaul of its enterprise, and mentioned the division is considered one of its three pillars alongside copper and iron ore after its restructuring.
“Given our Crop Vitamins enterprise kinds a part of Anglo American’s distinctive progress trajectory over the following decade, we’re persevering with to foster strategic partnerships,” mentioned Tom McCulley, CEO of Anglo’s Crop Vitamins.
The London-listed miner says polyhalite, a naturally-occurring mineral containing vitamins together with potassium, calcium, magnesium and sulphur, has the potential to enhance the crop yield by 3% to five%. It says fertilizers utilizing the mineral are low carbon and soil pleasant.
The Woodsmith mine has the world’s largest recognized deposit of the mineral.
(By Clara Denina and Shanima A; Modifying by Nivedita Bhattacharjee and Miral Fahmy)