Anglo American plc is hosting a visit for analysts and investors to its Crop Nutrients business, specifically focusing on the Woodsmith project in North Yorkshire, UK. The Woodsmith project is a modern underground mine that will produce a natural mineral fertilizer product called POLY4. POLY4 has a low carbon footprint, is certified for organic use, and helps farmers increase crop yield, enhance crop quality, and improve soil structure. The Woodsmith project is expected to generate significant cash flow for many decades due to its scale, low operating costs, and potential for a premium product price. The project is located in North Yorkshire, where polyhalite ore will be extracted and transported to Teesside via a tunnel, minimizing environmental impact. The finished fertilizer product will be exported to customers worldwide.
Duncan Wanblad, Chief Executive of Anglo American, stated that Woodsmith is a world-class asset that offers long-term value-adding growth. Tom McCulley, CEO of Anglo American's Crop Nutrients business, highlighted the advantages of POLY4 in addressing the challenges faced by the agricultural industry, including increasing food demand, reducing environmental impact, and improving soil health.
The presentations made during the visit will be available on the Anglo American website. Anglo American is a leading global mining company that provides essential ingredients for modern life. The company is committed to being carbon neutral by 2040 and has a Sustainable Mining Plan in place to ensure environmental responsibility and community development. Anglo American aims to unlock enduring value from natural resources for the benefit of communities, society, and shareholders.