Friday 24 May 2019

Qatari sovereign wealth fund reveals stake in UK’s Sirius Minerals | Financial Times

Qatari sovereign wealth fund reveals stake in UK’s Sirius Minerals | Financial Times:

Qatar’s sovereign wealth fund has emerged as a shareholder in Sirius Minerals, the London-listed company building a giant fertiliser mine under a national park in North Yorkshire.

The Qatar Investment Authority owns 3.3 per cent of Sirius, according to a regulatory filing. Traders said the QIA had probably picked up its stake when the company issued $425m worth of new shares last month.

Sirius is trying to raise a total of $3.8bn so it can complete development of its Woodsmith mine and start mining a huge underground deposit of polyhalite, a type of fertiliser.

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