Woodsmith Mine development on target, say owners Anglo American
Progress is being made in line with a revised development plan for the multimillion-pound Woodsmith Project, says the company behind it. The low carbon fertiliser is being marketed as a means for farmers to increase yields, improve crop quality and enhance soil health. And in this latest update Anglo said “dislocation” in the global fertiliser market during the first half of the year had caused price increases and availability issues which creates an opportunity for the Crop Nutrients business. Anglo said: “Prices are expected to remain firm and above historical levels for the foreseeable future, as supply restrictions and high energy and manufacturing costs continue. Many countries are re-assessing their sourcing of fertiliser and agricultural products as they seek greater reliability of supply while also encouraging more efficient fertiliser use, driving innovation, and supporting more sustainable crop solutions.”