WATCH: Anglo in bid to acquire UK-based Sirius
Anglo said that the transaction was in line with the strategy of focusing on world-class assets and provided certainty for Sirius stakeholders.
Sirius has struggled to deliver its potash project in North Yorkshire after it had failed to get government funding.
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Chief executive Mark Cutifani said the group would use its financial muscle towards the development of the project.
“Our development of the project in the years ahead reinforces the quality of our portfolio and our long-term growth profile.
“It will further enhance our ability to deliver leading returns on a sustainable basis and enduring value for all stakeholders,” Cutifani said.
Source: iol.co.za