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Our intern Matt “Hobbsy” Hobbs has gone deep into the asset almost at the centre of the biggest mining M&A deal of the decade – Woodsmith. If you haven’t heard of it, we don’t blame you. This is a giant mining project currently under construction in the UK and it has been a giant plague within Anglo American’s portfolio. Hobbsy unpacks the colourful history of the project and evaluates its prospects here in 2024. Spoiler, we aren’t awfully positive on its outlook despite US$5 billion being sunk to date. Thank you to our Podcast Partners: WA Water Bores – WA’s premier water well drilling company / wa-water-bores James@wawaterbores.com.au VRIFY - Communicate in 3D https://vrify.com/ Email grant@vrify.com (no e) for more information GetWet Solutions - Innovative bladder tanks for mobile water storage https://www.getwetsolutions.com.au/ Matt.hall@getwetsolutions.com.au CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au https://creinsurance.com.au/ DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries https://www.dsiunderground.com/ https://www.dsiunderground.com/contact Silverstone – Energy solutions for your business https://sstone.com.au/ kenny@sstone.com.au K-Drill – Safe, reliable, and productive surface RC drilling https://www.k-drill.com.au/ ryan@k-drill.com.au Brooks Airways – Perth’s leading charter flight operators https://www.brooksairways.com/ ops@brooksairways.com We use SPARK - Market data for active ASX Traders - https://sparktrader.com ------------------------------- Buy your Money of Mine merch at https://bf3b61-2.myshopify.com/ FOLLOW US Join our Money Miner Facebook Group: Facebook Group: https://tinyurl.com/yxhph4fw Sign-up for our Daily Newsletter THE DIRECTOR'S SPECIAL - https://www.moneyofmine.com/ Subscribe to our podcast wherever you listen to them: Spotify: https://sptfy.com/PRGW Apple: https://apple.co/3SoYpVZ Google Podcasts: https://tinyurl.com/4rm5wk6b Follow us on all social platforms to stay up-to-date: Twitter: https://tinyurl.com/5a6ufw9c Instagram: https://tinyurl.com/2p9p4xpd LinkedIn: https://tinyurl.com/kvszkse3 Facebook: https://tinyurl.com/yck4vx9p We have personal Twitter accounts you can follow too: Matty: / mattymikals JD: / jdmoneyofmine Trav: / travmoneyofmine ------------------------------- CHAPTERS 0:00:00 Introduction 0:01:19 Why this project is of interest 0:02:53 The beginnings of Woodsmith: Sirius Minerals 0:09:42 Funding disaster 0:14:52 What the heck is Polyhalite? 0:23:50 Novel engineering approach 0:31:20 Sandstone dilemma 0:44:46 What Anglo American thinks now 0:47:38 When could first production happen? ------------------------------- DISCLAIMER All information in this podcast is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional. MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate. MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.