Seaside potash dream turns to pain for thousands of shareholders
Anglo American's plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents.
The deal will ensure billions of dollars of investment in the downtrodden region of North Yorkshire. But people like Neil Trillo, one of the thousands who bought shares in project owner Sirius Minerals before it ran out of money, have been left counting their losses.
“It was a bit of a local dream,” Trillo said from behind the counter of his coffee stand in the seaside town Whitby. “Get involved with something local, something on the doorstep with a hundred-year plus tenure. That’s what was sold to investors.”