Sirius Minerals down to last chance as investors shun risky mining project

Sirius Minerals Aug2019 from corp site 230x150
By Karoliina Liimatainen
07 Aug 2019

UK mining company Sirius Minerals has put its hopes of survival on getting a high yield bond away in September after it postponed a deal earlier this week. But investors are skeptical about the firm's chances. Sirius will run out of money by the end of September and its $3.8bn financing package will turn void on October 30.

Without the financing in place, Sirius cannot continue constructing the mine — and it has no other operations and has so far generated no revenue. 

Sirius is not only required to complete the 7.5-year $500m ...

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