Sirius raises $1.2b for UK fertiliser project backed by Australian magnate

Sirius raises $1.2b for UK fertiliser project backed by Australian magnate

The Sirius Minerals test drilling station is seen on the North Yorkshire Moors near Whitby, northern England July 5, 2013. REUTERS/Nigel Roddis

Sirius Minerals, the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertiliser, has completed the first $1.2 billion (0.97 billion pound) phase of its fund-raising, it said on Thursday.

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