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Potash News

KPC finds rail solution for Kazakhstan potash projects

By: Esmarie Swanepoel     16th September 2016 ASX-listed explorer Kazakhstan Potash Corporation (KPC) has inked a framework agreement with the national rail operator that would look to integrate the transportation requirement of the company’s potash projects for shipment through to China into the Kazakhstan national railway network. KPC CEO... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

Advantage swoops in on 1 472 ha Salinas Grandes salar within Argentina’s ‘Lithium Triangle’

By: Henry Lazenby     15th September 2016 New explorer Advantage Lithium has signed a letter of intent (LoI) to acquire an option to earn 100% interest in the Stella Marys project, located within the so-called ‘Lithium Triangle’ of Salta province, Argentina. The Vancouver-headquartered company announced Wednesday that the 1 472 ha... 

Israel Chemicals, hurt by weak potash prices, names interim CEO

By: Reuters     12th September 2016 Israel Chemicals (ICL) on Sunday named Asher Grinbaum interim chief executive officer after Stefan Borgas stepped down as CEO last week. German-born Borgas, 52, said last Thursday he would resign after four years as CEO but would stay available to the company and chairperson Johanan Locker during... 

PotashCorp, Agrium to merge, creating $36bn company

By: Reuters     12th September 2016 Canada's Agrium Inc and Potash Corp of Saskatchewan agreed to merge to create the world's largest fertiliser company and navigate a severe industry slump, assuming the deal can first overcome close regulatory scrutiny. PotashCorp shareholders will own 52% of the new company, with Agrium... 

PotashCorp, Agrium to merge, creating $36bn company

Fertiliser trading agreement secured

     9th September 2016 Aim-listed exploration company African Potash has signed a 12-month fertiliser supply agreement, subject to quarterly reviews, with Zambian fertilizer supplier and distributor Rockwell Fertilisers. African Potash executive chairperson Chris Cleverly says the company is “delighted” to have further... 

Fertiliser trading agreement secured
CHRIS CLEVERLY African Potash has strengthened its trading presence in Zambia and the Southern African region through the trade agreement with Rockwell

Karnalyte completes Phase 2 optimisation at Wynward

By: Samantha Herbst     7th September 2016 Potash project developer Karnalyte Resources has successfully commissioned the second phase of its Brine Production Phase optimisation programme at the company's Wynyard potash mine, in Saskatchewan. Karnalyte president Robin Phinney commented on Tuesday that the company had completed... 

Elemental signs $50m equity deal

By: Esmarie Swanepoel     2nd September 2016 Shareholders of potash hopeful Elemental Minerals have smiled on news that the company has signed binding agreements with strategic investors worth some $50-million. Elemental on Friday said it had signed separate interconditional definitive investment agreements with three strategic investors,... 

Elemental signs $50m equity deal

Canada fertiliser deal would send farmers to regulators

By: Reuters     1st September 2016 North American farmers will pressure regulators to protect their negotiating leverage with fertiliser suppliers if Potash Corp of Saskatchewan and Agrium Inc agree to merge, major farm groups said on Wednesday. The potential deal revealed on Tuesday would combine the world's largest fertiliser... 

Canada fertiliser deal would send farmers to regulators

PotashCorp, Agrium confirm in talks for 'potential merger of equals'

By: Henry Lazenby     30th August 2016 Two of the world’s largest crop nutrients companies, Potash Corporation of Saskatchewan and Argrium Inc, on Tuesday confirmed that they were engaged in discussions regarding a “potential merger of equals”. Bloomberg News, citing unnamed sources, first reported Tuesday that the merger, which could... 

PotashCorp, Agrium confirm in talks for 'potential merger of equals'

Schwalbe

     26th August 2016 Focused on providing products and services whilst ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and tested, with favourable results, by companies such as gold producer AngloGold Ashanti,... 

Schwalbe

Agrimin study proves robust Mackay SoP project

By: Megan van Wyngaardt     23rd August 2016 A recently completed scoping study at ASX-listed potassium miner Agrimin’s 100%-owned Mackay sulphate of potash (SoP) project has indicated that the project will be able to produce 370 000 t/y over a 20-year mine life. The company on Tuesday said that the Western Australia-based project also had... 

Updated study improves Sal da Vida financial returns – Galaxy

By: Megan van Wyngaardt     22nd August 2016 Australian lithium miner Galaxy Resources has increased the capital expenditure (capex) estimate of its Sal de Vida project, but has significantly reduced the capital cost payback period and now expects “much more attractive” financial returns from the project in Argentina’s Puna region. The... 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Russia’s fertilizer tycoon says potash glut may last a decade

By: Bloomberg     18th August 2016 Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6-billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive” actions by the largest sellers. Potash prices have collapsed... 

BHP’s potash mine may be mothballed after $2.6bn spent

By: Bloomberg     17th August 2016 BHP Billiton, the world’s biggest mining company, may end up mothballing its Canadian potash project by the end of this decade after completing two shafts at a cost of about $2.6 billion. The shafts at the giant potash deposit in Saskatchewan are now at a depth of about 600 meters (1 970 feet),... 

BHP’s potash mine may be mothballed after $2.6bn spent

Danakali’s Eritrea potash project attracts A$6.7m

By: Megan van Wyngaardt     12th August 2016 ASX-listed Danakali is looking to raise A$6.7-million through the issue of 20.2-million shares, at A$0.33 apiece, which will be used to advance the development of its Colluli potash project, in Eritrea. MD Paul Donaldson said on Friday that the placement was testimony to how the international... 

Karnalyte completes Phase 1 optimisation at Wynyard

By: Henry Lazenby     12th August 2016 Potash project developer Karnalyte Resources has completed the first phase of its optimisation programme for the Wynyard potash mine, in Saskatchewan. The company reported that it had, through a cold leaching process that lasted about three months, successfully developed an underground production... 

Centrex advances Oxley to prefeasibility stage

By: Megan van Wyngaardt     8th August 2016 ASX-listed junior Centrex Metals is advancing its Oxley project, in Western Australia, to the prefeasibility study (PFS) stage, after receiving positive results from a scoping study on a start-up potassium nitrate fertiliser (NOP) operation. The scoping study, prepared by Amec Foster Wheeler,... 

Financiers circle as Arianne seeks funds to advance Lac à Paul project

By: Simon Rees     5th August 2016 With a Ministerial decree in hand, issued on December 22, to advance its Lac à Paul phosphate project, in the Saguenay-Lac-Saint-Jean region of Quebec, Arianne Phosphate hopes to put Canada – where potash is king – on the phosphate map. However, the market it seeks to enter is competitive,... 

Financiers circle as Arianne seeks funds to advance Lac à Paul project

Vale to offer notes due in 2026

By: Henry Lazenby     3rd August 2016 Brazilian diversified miner Vale on Wednesday in a US securities filing announced that its subsidiary Vale Overseas plans to offer bonds due in August 2026. The company, which is also the world’s largest iron-ore producer, did not specify how much it planned to raise with the offering, which... 

Potash supplier group will only sign China contracts for 2016

By: Bloomberg     29th July 2016 Canpotex, the Canadian joint venture that represents potash export sales from Potash Corp, Mosaic and Agrium, will only sign contracts to supply China and India with the crop nutrient for the remainder of 2016 as it expects prices to rise next year. Canpotex is taking a cautious approach, Potash... 

Highfield alters potash offtake agreements

By: Megan van Wyngaardt     26th July 2016 Spanish potash developer Highfield Resources has withdrawn from its nonbinding memorandums of understanding (MoUs) for potash offtake it signed with European fertiliser companies in May. The ASX-listed company on Tuesday said that the first MOUs, signed with large European fertiliser companies... 

Danakali to supply 200 000 t potash to potential offtakers

By: Samantha Herbst     20th July 2016 Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource,... 

Danakali to supply 200 000 t potash to potential offtakers

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

Mosaic to idle Colonsay mine

By: Henry Lazenby     14th July 2016 NYSE-listed The Mosaic Company will idle its 2.6-million-tonne Colonsay potash mine, in Saskatchewan, for the remainder of 2016 and halt current turnaround activities, the company announced Wednesday. "Lower global potash demand and market prices require that we curtail production. Idling... 

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Danakali receives positive feedback from Colluli impact assessment reviews

By: Samantha Herbst     11th July 2016 Potash developer Danakali announced on Monday that the two-month public review period for the ASX-listed miner’s Eritrea-based Colluli potash project’s social and environmental impact assessment (SEIA) and associated management plans (SEMP) was now complete, with only positive feedback received... 

Danakali receives positive feedback from Colluli impact assessment reviews

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Bada’s initial drill phase set for August

By: Nadine James     8th July 2016 Resource company Essel Group Middle East (EGME) expects to start Phase 1 of its drilling programme for its Bada potash project, in Eritrea, next month. EGME CEO Punkaj Gupta says the remainder of its 2016 exploration campaign will primarily be focused on drilling test holes to examine the layers... 

Bada’s initial drill  phase set for August
HOT PROSPECT The Bada licence is located in the northern-most part of Danakil depression where temperatures can exceed 50 °C

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Highfield study shows potential for SoP project at Muga mine

By: Mariaan Webb     23rd June 2016 Spanish potash developer Highfield Resources has completed a scoping study for a staged 500 000 t/y sulphate of potash (SoP) operation by converting 430 000 t/y of muriate of potash (MoP) from the Muga potash mine. Total capital expenditure (capex) for the operation was estimated at $147-million,... 

K+S on track to start August commissioning of $4.1bn Legacy project

By: Henry Lazenby     21st June 2016 Germany's K+S Potash Canada (KSPC) on Tuesday said its $4.1-billion Legacy potash project, in Saskatchewan, was on track to start commissioning activities by the end of August, with the aim of producing the first tonne of potash before year-end. KSPC broke ground on the project – the first new... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Centaurus embarks on potash growth strategy with new JV

By: Creamer Media Reporter      17th June 2016 Formerly Brazil-only iron-ore company Centaurus Metals is continuing its diversification strategy and has now, in addition to copper and gold, also added potash to its portfolio. The ASX-listed company announced on Friday that it would embark on a 50:50 joint venture (JV) with Tavarua... 

Centaurus embarks on potash growth strategy with new JV
Potash ore.
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