When Sirius Minerals announced in mid-September that its $3.8 billion funding plan had failed, it looked like it could be curtains for the company and its ambitious fertiliser project.
Yet Chris Fraser, its chief executive and the mastermind behind the Woodsmith mine in North Yorkshire, remained characteristically bullish. “My job is to deliver the project,” he told The Times in early October. “We believe there’s a pathway forward. We’re confident.”
He had reason to be. What Mr Fraser, 45, and very few others knew was that Sirius had already been approached by Anglo American, the FTSE 100 mining group, about a possible takeover.
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