A POTASH firm behind a 1,000-job fertiliser development has completed a stock market switch it says will raise its global profile.

 

Sirius Minerals is now trading on the London Stock Exchange’s Main Market.

 

The business announced its intention to move last month, saying its shift from the AIM Market, which is the City’s international market for smaller growing companies, would raise its international status and provide scope for fresh investment.

 

Sirius, which is behind the York Potash project that aims to extract the fertiliser polyhalite from its Woodsmith Mine, near Whitby, says no new shares have been issued or offered in connection with the admission.

 

Chris Fraser, managing director and chief executive, added: “This is another important milestone for the company.” The firm said last month it hopes to start drilling mine shafts this summer. Its development is expected to create more than 1,000 direct jobs.