Activist investor Elliott calls BHP potash plans ‘disastrous’

The commodities trader and miner explored a stock-exchange listing Down Under.

The project, first of its kind in the world, aims to demonstrate that the so-called “clean coal” technologies are feasible.

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

"All that's required is to hand the world’s best mining assets to the world’s best management."

Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.