Because the shareholders voted for the takeover?I heard he pocketed a lot more than that but it was only heresay.
Tell me how a bunch of Australian bandits/chancers got their hands on a prime UK North Yorkshire asset like that?
Yes he made money out of his shares and also his salary of course.Because the shareholders voted for the takeover?
The company ran out of cash and the Government made a decision not to support with public funds.
All that was required was a government guarantor on a loan.More chance of support - it was a partially complete project to support a Left Behind area and they showed little interest and give zero - they seem more interested in giving out 50% off meals - so much for "levelling up" All that was needed was a government guarantor on a loan. Actions speak more than words.
All that was required was a government guarantor on a loan.
All that was required??
How does anybody know if that Sirius senior team was ultimately capable of delivering that project?
A little bird tells me all was not right either technically or commercially - it’s still being sorted out and will take some time.
Why should the government put huge amounts of UK public money at risk with what was basically an Australian venture?
You would have to have been sharp to see that coming
The tunnel is progressing very well, the problems are elsewhere.What happened to the mine project and the tunnel to Teesside? Is it still going ahead?
As in finance/business stuff? The mine is still going ahead then? Wasnt it going to bring a few hundred jobs?The tunnel is progressing very well, the problems are elsewhere.
The mine is going ahead and with the Anglo American takeover they now have the money and, possibly more importantly, the senior level technical and commercial expertise to complete the infrastructure. It will take them some time to get it turned around though, during the early parts of the project the Sirius Australian team had massively overspent and had run into serious engineering problems.As in finance/business stuff? The mine is still going ahead then? Wasnt it going to bring a few hundred jobs?