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Anglo American has been looking for partners for its fertilizer project in North Yorkshire for around six months, chief executive Duncan Wanblad told, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls.
“We have been in the market looking for partners for the better part of six months now and we have to stall to get the partners to the point where they are prepared to invest,” Wanblad said in an interview withWoodsmith, on which the miner announced a $1.7 billion writedown a year ago, has the world’s largest known deposit of polyhalite, a naturally-occurring mineral containing nutrients including potassium, calcium, magnesium and sulphur, which it is marketing as POLY4.
“ we’re de-levered materially compared to where we are now, we’re going to be in a much stronger position to move this forward and that’s the plan,” Wanblad said.
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