Shares slump at Sirius Minerals after firm announces huge rise in North Yorkshire mine costs

The listed mining company building a mine in North Yorkshire has announced that its construction costs will rise between $400m to $600m, mainly due to the higher costs of the transport system tunnel system.

Sirius Minerals has made a revised capital estimate for the  company's North Yorkshire Polyhalite Project, which  it expects to create more than 4,000 jobs and £100bn for the UK economy over the next 50 years.

Updating the markets, Sirius Minerals stated: "The Company estimates... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...