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African Potash extends capital raise

By: Megan van Wyngaardt Aim-listed African Potash has extended the placing of new ordinary shares to raise funds to redeem outstanding convertible securities and for the group's ongoing working capital requirements. The exploration company would, by Friday, issue a further 25-million new shares at 0.3p apiece, raising... 

India’s higher potash import price threatens volumes

By: Ajoy K Das Having failed in a bid to avoid a price hike in the first two potash import deals for the financial year, fertiliser producers in India expected inward shipments of fertiliser minerals to drop during 2015/16. Indian potash importers have concluded their first two deals of the year, of... 

Maiden reserve declared at Colluli

By: Esmarie Swanepoel Potash developer South Boulder Mines has reported a maiden Joint Ore Reserves Committee-complaint reserve of 1.1-billion tonnes, grading 10% potassium oxide, for 205-million tonnes sulphate of potash at its Colluli project, in Eritrea. Some 287-million tonnes of the reserve was classified as... 

Fertoz says Canada phosphate project economically viable

By: Esmarie Swanepoel Scoping study into ASX-listed Fertoz’ Wapiti phosphate project, in British Columbia, has proven the project to be economically viable, the ASX-listed company reported on Thursday. The study estimated that a capital spend of C$2.7-million would be required to develop Stage 1 of the project, which... 

O'Rourke to succeed Prokopanko as Mosaic president, CEO

By: Henry Lazenby US potash and fertiliser producer The Mosaic Company announced on Wednesday that the board has chosen executive VP for operations and COO James ‘Joc’ O'Rourke to succeed James Prokopanko as president and CEO, effective from August 5. Prokopanko would continue to serve as senior advisor until his... 

Highfield announces A$101m raising to build Spain potash mine

By: Esmarie Swanepoel Potash hopeful Highfield Resources resumed share trading on the ASX on Monday, after announcing to the market that it would raise about A$101-million through a share placement. Highfield announced to shareholders that it would place some 56.12-million shares, at a price of A$1.80 each, to... 

Potash West agrees to sell South Harz stake

By: Esmarie Swanepoel ASX-listed junior Potash West has inked a binding term sheet with fellow-listed Petratherm to divest of its 55% shareholding in the South Harz project, in central Germany. Potash West announced on Monday that its East Exploration subsidiary would receive 55-million fully paid ordinary shares in... 

Productivity  improved through mine design enhancement

Many existing mines face the dilemma of how to reduce their operating costs while improving productivity in ever more challenging geological and operating conditions, meaning precise mine design becomes the key to project success, says independent technology services company DMT. 

Productivity  improved through mine design enhancement
DEMANDING CONDITIONS South Africa has mining operations with depths exceeding 3 500 m, which has resulted in the development of some of the most modern equipment available worldwide

Oxley sale goes unconditional - Sheffield

By: Esmarie Swanepoel ASX-listed Sheffield Resources on Thursday announced that the sale of its Oxley potash project, in Western Australia, to fellow-listed Centrex Metals has been declared unconditional. In March, Centrex announced that it would acquire the project for A$2.5-million. 

Highfield halts shares as it hopes for cash

By: Esmarie Swanepoel ASX-listed potash hopeful Highfield Resources went into a trading halt on Thursday, with the company saying it was on the brink of a "significant" capital raising. A definitive feasibility study into Highfield’s Muga project, in Spain, recently estimated that a capital investment of $256-million... 

Phosphate Australia spurns improved offer

By: Esmarie Swanepoel The directors of ASX-listed Phosphate Australia have rejected an increased offer from suitor Mercantile Investment, saying the revised offer still undervalued the company. Mercantile on Wednesday upped its offer price for Phosphate Australia shares from 2c each, to 2.2c each. 

Phosphate Australia spurns improved offer

Muga's by-products prove profitable for Highfield

By: Esmarie Swanepoel A scoping study into a proposed slimes crystallisation plant at the Muga potash project, in Spain, has proven the opportunity to generate production and revenue from by-products, ASX-listed Highfield Resources said on Friday. The scoping study was done in addition to a definitive feasibility... 

N American potash producers improve Q1 earnings on higher prices, lower costs

By: Henry Lazenby Two of North America’s largest potash and fertiliser producers, Canada’s Potash Corp of Saskatchewan and US-based The Mosaic Company, have improved their first-quarter earnings on the back of better prices and lower costs. Following a period of “especially robust” potash markets, demand and... 

N American potash producers improve Q1 earnings on higher prices, lower costs

South32 weakness hidden – Investec

By: Martin Creamer Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat says. BHP Billiton intends simplifying its portfolio by demerging the South32 metals and mining company,... 

South32 weakness hidden – Investec
Photo by Duane Daws
Graham Kerr

South Boulder shakes tin for potash studies

By: Esmarie Swanepoel Potash developer South Boulder Mines was hoping to raise some A$6-million through a share placement and rights issue to fund the completion of its definitive feasibility study for the Colluli potash project, in Eritrea. South Boulder on Tuesday announced that it would place about 10.97-million... 

Vale reports record Q1 iron-ore output despite price rout

By: Henry Lazenby Brazil-based global miner Vale has reported record first-quarter iron-ore output despite a global supply glut that wis being compounded by waning demand from China, the world’s top importer of the steelmaking ingredient. For the three months ended March 31, total iron-ore output, excluding... 

Vale reports record Q1 iron-ore output despite price rout

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Highfield’s Sierra del Perdon demonstrates robustness of project pipeline

By: Esmarie Swanepoel A scoping study into Spanish potash developer Highfield Resources’ Sierra del Perdon project has estimated that the project could deliver 520 000 t/y of granular potash. The scoping study estimated that the project would require a capital investment of $233-million, and projected operating... 

African Potash raises £1.2m to fund projects

By: Megan van Wyngaardt Exploration company African Potash has secured £1.2-million in funding through the placing of new ordinary shares with Cornhill Capital. Placing proceeds would enable the company to redeem the outstanding convertible securities held by financier Bergen Opportunity Fund and to fund ongoing working... 

South Boulder achieves high-purity grades at Colluli

By: Megan van Wyngaardt Following a pilot test, which formed part of a definitive feasibility study (DFS), Canadian potash producer South Boulder Mines found that its Colluli project achieved ultrahigh potassium sulphate purity grades of 98%, with typical industry product being only 94%. The company added that the... 

India’s potash imports forecast to rise

By: Ajoy K Das Indian potash imports will likely increase to a four-year high of about five-million tonnes in the 2015 financial year, which started on April 1. This will be the highest level of imports since 2011, when India went into a self-imposed “potash import holiday”. 

MBAC Fertiliser stock ends week on high after midweek financing update

By: Henry Lazenby The stock of beleaguered plant nutrients producer MBAC Fertilisers on Friday ended the week up 128.57% on the TSX, following a midweek corporate update. MBAC, which placed its Brazilian flagship Itafós mine on care-and-maintenance in December owing to a soft seasonal single super phosphate (SSP)... 

Reward studies 400 000 t/y potash project in WA

By: Esmarie Swanepoel A scoping study into the LD potash project, in Western Australia, has revealed that the project could produce 400 000 t/y. Owner Reward Minerals on Thursday announced that the project would require a capital investment of about A$320-million, and would likely have an operating cost of A$204/t. 

Highfield DFS delivers ‘low capex, high margin’ result for Muga mine

By: Esmarie Swanepoel A definitive feasibility study (DFS) has confirmed that the Muga potash project, in Spain, was economically feasible, owner Highfield Resources reported on Monday. Based on an ore reserve of 146-million tonnes, at an average grade of 12.73% potassium oxide, the DFS estimated that the project... 

Encanto Potash gets third-party interest to build 100 MW power plant

By: Henry Lazenby Project developer Encanto Potash has received an expression of interest through its strategic advisor Horgen Holdings from private equity fund manager Fengate Capital Management for the development, construction and financing of a 100 MW power station for the proposed Muskowekwan potash mine and... 

Israel Chemicals to acquire Allana Potash in C$137m deal

By: Megan van Wyngaardt Dual-listed agriculture, processed food and engineered materials manufacturer Israel Chemicals (ICL) will acquire all shares it does not already own in TSX-listed Allana Potash, which owns a potash mine in Ethiopia, for C$137-million. ICL already held a 16.36% stake in the potash company and... 

Saskatchewan tax-rule changes could cost PotashCorp up to C$100m this year

By: Henry Lazenby The world's largest potash producer Potash Corporation of Saskatchewan (PotashCorp) says changes to potash taxation are expected to shave between C$75-million and C$100-million off the company’s 2015 pre-tax earnings. In his 2015/16 budget speech, on Wednesday, Saskatchewan Finance Minister Ken... 

Arianne Phosphate exceeds previous product grade, purity during customer trials

By: Henry Lazenby Project developer Arianne Phosphate has completed a successful series of customer trials that have produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. Arianne, which is focused on advancing the Lac à Paul project, in Quebec's... 

Centrex buys Sheffield potash project

By: Esmarie Swanepoel ASX-listed Centrex Metals has entered into a purchase agreement with fellow-listed Sheffield Resources to acquire the Oxley potash project, in Western Australia, in a transaction valued at A$2.5-million. Centrex reported on Monday that it would pay an upfront A$1-million, which would be... 

South Boulder publishes PFS for Eritrea potash project  

By: Esmarie Swanepoel The prefeasibility study (PFS) into the Colluli potash project, in Eritrea, has estimated that the project would require an initial investment of some $442-million. The PFS examined a two-module development with an expected production of 425 000 t/y sulphate potash for the first five years of... 

Potash West gains 25% stake in technology firm, mulls separate listing

By: Esmarie Swanepoel The share price of ASX-listed Potash West fell slightly on Friday as the company raised the possibility of listing a venture that will pursue potash technologies. Potash West has obtained a 25% interest in a lithium technology licensing company, which holds the licence for a unique lithium... 

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