Scunnered Posted July 18, 2013 Share Posted July 18, 2013 Years ago UKcoal wanted to opencast some green fields near me.I joined everyone else in trying to get it stopped.However it went ahead and they did a fantastic job.Once theyd finished they planted 400k trees,all native,oak,ash,birch etc.They dug several ponds and wetlands all connected with wet ditches.They planted species rich hedgerows.They connected a whole valley with woodlands,wetlands,hedgerows and paths. So from what were really empty arable fields with a few trees are now superb wildlife habitat that is full of wildlife from barn owls to toads.There are also now lots of paths for the public. It changed my view of these sorts of things.A lot of these fields are devoid of any wildlife,just empty green deserts.Development if done right can increase the areas for wildlife in a big way.The housing developments now around us all have pond building and woodland planting as standard and the local wildlife seems to be very happy moving in quickly when they are finished. That was supposed to be happening at various opencast projects in Scotland as well, but just a few days ago we had this... A court decision to give Scottish Coal's liquidators the right to abandon cleanup operations on opencast mines has been blasted by environmental campaigners.On Thursday, judges at the Court of Session agreed that the troubled firm could ignore statutory obligations to restrict dust and water pollution and to restore the land afterwards. The Court also agreed that the company's liquidators KPMG could pay themselves before making payments to local planning authorities to restore the abandoned mines. Malcolm Spaven, Chair of the Scottish Opencast Communities Alliance (Soca), said the decision was "a backward step for environmental responsibility". He said: "Having trashed the countryside, Scottish Coal are now being given carte blanche to walk away from the mess they have created. They have also created a precedent for any future company to abandon the obligations imposed on them when they were granted planning permission. "The end result is that Scottish Coal’s directors get to disappear with millions while cash-strapped local authorities and government agencies such as SEPA are left with an impossible bill for clean-up. "Meanwhile the communities that have had to endure noise, dust and pollution for years face the prospect of many sites never being restored." ... http://news.stv.tv/politics/232863-campaigners-blast-courts-scottish-coal-opencast-mine-cleanup-decision/ Liquidators of the Scottish Coal mines operation have escaped responsibility for a £73m clean-up bill.The decision by a senior judge has left a question mark over who will pay. The Court of Session in Edinburgh was told the final bill linked to the Scottish Coal Company's (SSC) open cast mining sites would make the sites too costly to maintain. ... http://www.bbc.co.uk/news/uk-scotland-23348222 If anyone's ever going to pay for it, looks like it'll be the taxpayers. Quote Link to comment Share on other sites More sharing options...
TrevorS Posted July 18, 2013 Share Posted July 18, 2013 (edited) Probably so their wives, golf partners and wives golf partners can pile in before they submit the mysteriously successful planning application. If that's what you really believe why not pile in yourself? Shares are traded freely. Personally I think they have underestimated the strength of change resistance in the UK and have little chance. It's why I also think shale gas explorers will spend a lot of expensive time mostly going nowhere.. Edited July 18, 2013 by TrevorS Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 19, 2013 Share Posted July 19, 2013 If that's what you really believe why not pile in yourself? Shares are traded freely. Personally I think they have underestimated the strength of change resistance in the UK and have little chance. It's why I also think shale gas explorers will spend a lot of expensive time mostly going nowhere.. Until the lights start going out of course. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted July 19, 2013 Share Posted July 19, 2013 There is a bus over the hill to Manchester but you might have to change at either Meltham or Linthwaite. Erm the 184 goes past the end of my road nearly. http://en.wikipedia.org/wiki/Greater_Manchester_bus_route_184 The service runs hourly Monday-Saturday daytime on its full route between Manchester and Huddersfield Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 19, 2013 Share Posted July 19, 2013 Erm the 184 goes past the end of my road nearly. http://en.wikipedia....r_bus_route_184 The service runs hourly Monday-Saturday daytime on its full route between Manchester and Huddersfield Pretty much what I said then! Quote Link to comment Share on other sites More sharing options...
Will! Posted December 6, 2016 Share Posted December 6, 2016 Another puff piece in the Telegraph today: Digging for the future: Sirius Minerals' Yorkshire fertiliser mine an investment set to last '100 years' I suppose after the company goes bankrupt and all the current investors lose their money then whoever buys up the assets might end up owning a mine that lasts 100 years. Quote Link to comment Share on other sites More sharing options...
One-percent Posted December 6, 2016 Share Posted December 6, 2016 I'm convinced that this is just a cover to bring fracking in the back door Quote Link to comment Share on other sites More sharing options...
spyguy Posted December 9, 2016 Share Posted December 9, 2016 On 06/12/2016 at 2:06 PM, One-percent said: I'm convinced that this is just a cover to bring fracking in the back door No. Fracking is covered by a different rule. At the mo. the oil + gas exloration licenses are mainly off shore. And they nohting will happen til oil is more than $120 barrell. Quote Link to comment Share on other sites More sharing options...
spyguy Posted December 9, 2016 Share Posted December 9, 2016 On 06/12/2016 at 11:30 AM, Will! said: Another puff piece in the Telegraph today: Digging for the future: Sirius Minerals' Yorkshire fertiliser mine an investment set to last '100 years' I suppose after the company goes bankrupt and all the current investors lose their money then whoever buys up the assets might end up owning a mine that lasts 100 years. No mine digging company will give you a 100 year guarantee. 40 years is about tops. Thats more people trying to make the numbers with a spreadsheet - Hmm numbers arent good. Ok, change life span to 100 years - Wow! Boulby mine, just up the road, is falling to bits. Quote Link to comment Share on other sites More sharing options...
One-percent Posted December 9, 2016 Share Posted December 9, 2016 17 minutes ago, spyguy said: No. Fracking is covered by a different rule. At the mo. the oil + gas exloration licenses are mainly off shore. And they nohting will happen til oil is more than $120 barrell. Perhaps, but fracking is happening elsewhere. Near Malton? I cannot come with any other logical explanation for the new potash mine, unless it it to fleece investors. There is a bit of a track record of that in the area as we both know. Pipeline under the moors to teeside? I don't think so. The whole thing stinks Quote Link to comment Share on other sites More sharing options...
spyguy Posted December 9, 2016 Share Posted December 9, 2016 21 minutes ago, One-percent said: Perhaps, but fracking is happening elsewhere. Near Malton? I cannot come with any other logical explanation for the new potash mine, unless it it to fleece investors. There is a bit of a track record of that in the area as we both know. Pipeline under the moors to teeside? I don't think so. The whole thing stinks Maybe. Its a very high risk investment. Fleece/AIM market. Same thing. Quote Link to comment Share on other sites More sharing options...
Venger Posted May 1, 2017 Share Posted May 1, 2017 Leaving AIM with admission all done for the Main Market. http://otp.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=867488 Lot of coverage in papers at the weekend..... more make farmers £millionaires stories. http://www.thisismoney.co.uk/money/investing/article-4458530/MIDAS-SHARE-TIPS-Sirius-digs-deep-Moors.html Hosted pic taken from my paper. Quote Link to comment Share on other sites More sharing options...
Will! Posted March 6, 2018 Share Posted March 6, 2018 Now Sirius only needs a debt guarantee of $2bn from the government to be viable: Telegraph: Sirius says Government backing of $2bn ‘essential’ for North Yorkshire mine Quote Link to comment Share on other sites More sharing options...
Errol Posted March 9, 2018 Share Posted March 9, 2018 (edited) So not really a viable business then. Why does it require such enormous guarantees if all the potash is there? Edited March 9, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
Riedquat Posted March 12, 2018 Share Posted March 12, 2018 Because it's not cheap to go mining, and why pay that money if you can persuade the government to do that for you? Business is all about finding someone else to take the risks but not the profits. Quote Link to comment Share on other sites More sharing options...
Errol Posted March 13, 2018 Share Posted March 13, 2018 Yes, but surely if the stuff is all there (100% guaranteed) then getting finance shouldn't be difficult? Quote Link to comment Share on other sites More sharing options...
Will! Posted September 17, 2019 Share Posted September 17, 2019 On 01/02/2013 at 08:36, interestrateripoff said: http://www.guardian.co.uk/business/2013/jan/31/potash-mining-yorkshire A driving force for a Yorkshire economic recovery? No. BBC News: Giant Yorkshire mine faces uncertain future Quote Link to comment Share on other sites More sharing options...
Will! Posted January 8, 2020 Share Posted January 8, 2020 (edited) On 03/02/2013 at 10:16, spyguy said: The chances of Sirus developing this mine is virtually nil. I assume they want to tidy up the rights and then sell it on to another company - assuming they don;t run out of money first. Investegate: Anglo American response re. Sirius Minerals Plc It looks like Sirius tried the second and is now doing the first. Any sensible shareholder would sell at 5.5p, but I wonder if there are many local shareholders who will hang on. (We're not giving it away etc.) Edited January 8, 2020 by Will! Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 8, 2020 Share Posted January 8, 2020 23 minutes ago, Will! said: Investegate: Anglo American response re. Sirius Minerals Plc It looks like Sirius tried the second and is now doing the first. Any sensible shareholder would sell at 5.5p, but I wonder if there are many local shareholders who will hang on. (We're not giving it away etc.) To quote from various local pubs, bulletin boards and over heard talks. 'These are shares worth <put stupid large sum in>. I wont sell for £1000 ....' Shocking that these shysters have burnt thru so much cash without achieving much. Assuming AA go ahead then Id assume theyll do the following: 1) Can the tunnel. 2) Buy Boulby off ICL and build a new railline and mine entrance at Boulby. 3) Dig a new hole to the deposit. Boulby have a laid a lot of people off since I posted 9 (!!!) years ago - about 50%/1,500 down. Xmas Lex ha a comment piece: https://www.ft.com/content/33d0ac11-7e7a-492c-a5ea-83cba9f73e12 Quote Link to comment Share on other sites More sharing options...
Will! Posted February 19, 2020 Share Posted February 19, 2020 On 08/01/2020 at 14:21, spyguy said: To quote from various local pubs, bulletin boards and over heard talks. 'These are shares worth <put stupid large sum in>. I wont sell for £1000 ....' Looking at the London South East forum there seem to be quite a few very vocal Sirius shareholders who want to vote no to the Anglo American bid but are too stupid to work out how to vote. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 19, 2020 Share Posted February 19, 2020 7 minutes ago, Will! said: Looking at the London South East forum there seem to be quite a few very vocal Sirius shareholders who want to vote no to the Anglo American bid but are too stupid to work out how to vote. https://www.yorkshirecoastradio.com/news/local-news/3044326/sirius-board-rules-out-alternative-rescue-package/?fbclid=IwAR1kwh-3Y9LQU2_eQzJbdmm9AFImvE3TyBaDIWMa8gBjDtQorhtJTOKAR1A Do you want Anglo American to get the benefit of the 2400% valuation uplift or the existing Sirius Minerals share holders and institutions? https://fundsirius.com/ SM never bothered asking the +50% owners of the company if we would like to help raise the $600mSo if we demonstrate to them that we can do so, we may yet fend off the AA bid and get to keep our shares.Please visit the dedicate website setup for this here: https://fundsirius.com/This is really important and our best chance of KEEPING OUR SHARES IN SIRIUS MINERALSPLEASE tell everyone, we need this to go viral to reach all the 85,000 shareholders and people that just want to helpIt does not matter if you are an existing shareholder - EVERYONE CAN DO THIS Companies facing admin are usually trading companies with cashflow issues because expense outweighs income because of a changing market/flawed business model, uncompetitive or outdated product and so on. The SXX business - post construction - has a wall of cash - BILLIONS of dollars - of income. The SXX business model doesn't need a turnaround as is the case in most administration situations. You know full well the point I am making. https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-share-price-plummeting-16939841 https://www.yorkshirepost.co.uk/business/yorkshire-coast-mineral-association-says-it-will-be-tragic-if-sirius-minerals-mining-project-has-to-be-scrapped-1-10262090 Quote Link to comment Share on other sites More sharing options...
Will! Posted February 19, 2020 Share Posted February 19, 2020 1 hour ago, spyguy said: Companies facing admin are usually trading companies with cashflow issues because expense outweighs income because of a changing market/flawed business model, uncompetitive or outdated product and so on. The SXX business - post construction - has a wall of cash - BILLIONS of dollars - of income. The SXX business model doesn't need a turnaround as is the case in most administration situations. You know full well the point I am making. Good grief, that is some expensive stupidity. I see the share price is well below Anglo American’s bid price of 5.5p. Presumably Sirius’s bondholders will buy below the bid price and vote yes to avoid liquidation and haircuts. Quote Link to comment Share on other sites More sharing options...
Hectors House Posted November 10, 2020 Share Posted November 10, 2020 I thought landowners rights went down a foot or so...not deep to the core of the Earth. Mining rights belong to the crown, if someone has the appropriate licence there is not a lot you can do about it, even if your house sits above the said mine! The farmers own the land, but they don't own the mineral rights below it Quote Link to comment Share on other sites More sharing options...
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