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Potash News

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.

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Photo by Creamer Media
Mining Phakisa strategist Edwin Ritchken

Zaff investment fund to take controlling interest in MBAC

By: Henry Lazenby     4th June 2016 Struggling fertiliser producer MBAC Fertilizer has filed for bankruptcy protection in Brazil, and is considering a similar move in Canada, as it seeks to recapitalise and restructure its business. MBAC owned and operated the Itafós Arraias single super phosphate (SSP) operation in Brazil, which... 

Potash output cuts seen hindering industry's long-term recovery

By: Reuters     2nd June 2016 North America's big potash miners have doubled down on a production cut strategy they hope will lift the fertiliser's price from a near-decade low, even as some investors warn that this threatens their long-term profitability and props up weaker rivals. Shares of Potash Corp of Saskatchewan and... 

Gensource outlines PEA for new ‘potash facility like no other’ in Saskatchewan

By: Henry Lazenby     1st June 2016 Potash project developer Gensource Potash has published a preliminary economic assessment (PEA) for its flagship Vanguard project, in Canada’s potash-rich province of Saskatchewan, saying the report indicates that there is “good potential” for an economic potash operation using small-scale... 

Highfield signs first MoUs for Muga mine offtake

By: Samantha Herbst     30th May 2016 ASX-listed potash developer Highfield Resources has signed its first memorandums of understanding (MoUs) with three large European fertiliser companies for up to 320 000 t/y of K60 muriate of potash (MoP) in offtake from the company’s Muga mine, in Spain’s Navarra province. Highfield MD Anthony... 

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Commodity price indices rally as oil picks up where metals left off

Australia’s GB Energy to acquire lithium project in Namibia

By: Samantha Herbst     19th May 2016 In line with its strategy of targeting minerals critical for the future of the energy environment, ASX-listed GB Energy has entered into an option agreement with an unnamed South African company which, if exercised, provides the GB Energy with the right to acquire a 70% stake in Namibia’s... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 "The global commodity super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals," stated the World Bank in its most recent Regional Overview for Africa (published in late March). "As a net commodities exporter, Africa is deeply affected by falling commodity... 

End of commodities boom hits African countries

Companies bought to enhance training offering

     29th April 2016 Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Eritrean potash project signs eight nonbinding offtake MoUs

By: David Oliveira     29th April 2016 ASX-listed potash developer Danakali has signed nonbinding memorandums of understanding (MoUs) with eight multinational parties throughout Northern Africa, Europe, the Middle East and North America for the offtake of sulphate from its 50%-owned Colluli potash project in Eritrea, in East Africa.... 

MetSkill

By: Creamer Media Reporter      29th April 2016 Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts     29th April 2016 If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector 

By: Kimberley Smuts     29th April 2016 The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons     29th April 2016 Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

African Potash inks participation agreement as Windmill deal falls through

By: Samantha Herbst     22nd April 2016 Aim-listed exploration company African Potash announced on Friday that its fertiliser trade agreement with Southern Africa-based fertiliser producer Windmill has been terminated, owing to the drought currently affecting much of Southern Africa, which has had a marked impact on the fertiliser... 

India likely to end potash import holiday earlier than planned

By: Ajoy K Das     11th April 2016 India is likely to end its potash “import holiday” earlier than planned following positive preliminary meteorological forecasts of favourable monsoon rains and an expected rise in agricultural sowing. According to government officials, India had put off annual potash import negotiations, which... 

Optimised DFS improves economics of Ethiopian potash project

By: David Oliveira     8th April 2016 Potash project developer Circum Minerals last month announced the results of the optimised definitive feasibility study (DFS) for its potash project in the Danakil basin, in Ethiopia. The optimised DFS improved a number of the project parameters set out in the original DFS completed in August... 

Resource-intensive Canadian and US states show stronger economic performance than others

By: Henry Lazenby     7th April 2016 The very strong economic performance in specific resource-intensive jurisdictions in Canada, especially Alberta and Saskatchewan, are mainly responsible for Canada’s comparatively strong overall economic record relative to the US since the recession of 2008/09, a new report by the influential... 

FYI starts JV negotiations in Laos

By: Esmarie Swanepoel     6th April 2016 ASX-listed junior FYI Resources has come a step closer to starting potash production in Laos, after agreeing to start joint venture (JV) negotiations with China’s Yuntianhua Group. The two companies in February signed a memorandum of understanding covering potential potash project collaboration... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

By: Keith Campbell     1st April 2016 It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding to the least abundant these are... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

African Potash to continue exploration in Congo

By: Anine Kilian     29th March 2016  Although it has, over the past year, worked to become a vertically integrated fertiliser business with an initial focus on trading and distribution, Aim-listed African Potash retains its interest in the exploration side of the fertiliser industry. Through its 70% interest in La Société des... 

China sets course for smooth economic transition and commodity price gains

By: Simon Rees     24th March 2016 The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... 

China sets course for smooth economic transition and commodity price gains

Salt Lake raises A$5.2m

By: Esmarie Swanepoel     23rd March 2016 Dual-listed mineral explorer Salt Lake Potash has raised A$5.2-million through a share placement to Australian investors. The ASX- and Aim-listed company on Wednesday announced that it had placed some 16.25-million shares, at a price of 32c each, to raise the funds. The offer price represented a... 

Morocco's OCP posts 58% profit leap

By: Reuters     22nd March 2016 Moroccan fertiliser company Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, reported 2015 net profit up 57.8% year-on-year to 8.01 billion dirhams ($825.8-million) on Tuesday, attributing the rise to higher output. State-run OCP, a major earner of foreign currency for... 

Danakali raises funds for Colluli

By: Esmarie Swanepoel     21st March 2016 Potash developer Danakali would raise about A$5.5-million to advance its Colluli potash project, in Eritrea. The ASX-listed company said on Monday that it had received commitments for professional and sophisticated investors for the issue of up to 25-million shares, at a price of 22c each. 

Arianne Phosphate appoints new chairperson and CEO

By: Henry Lazenby     14th March 2016 With the December ‘ministerial decree’ in hand, the focus of project developer Arianne Phosphate is shifting to development of the Lac à Paul project, in Quebec's Saguenay-Lac-Saint-Jean region, prompting it to appoint industry veterans Jean Lamarre as chairperson and Brian Ostroff as CEO to... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project

By: Henry Lazenby     14th March 2016 India-listed agribusiness firm Gujarat State Fertilisers and Chemicals (GSFC) has agreed in principle to provide $700-million to finance construction of the first phase of project developer Karnalyte Resources’ 625 000 t/y Wynyard potash deposit, in Saskatchewan. TSX-listed Karnalyte would also... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project
Photo by Karnalyte Resources
The Wynyard project, Saskatchewan

Lack of discipline to keep pressure on potash prices into the next decade

By: Henry Lazenby     4th March 2016 The consensus among potash companies participating in Bank of Montreal's (BMO's) Capital Markets Metals and Mining conference this week was that potash prices had reached a seasonal bottom on the back of production deferrals and cutbacks. However, BMO fertilisers and chemicals research analyst... 

Lack of discipline to keep pressure on potash prices into the next decade

US recovery involves short-term pain and long-term gain for commodities

By: Simon Rees     1st March 2016 The US economic recovery placed pressure on metals prices as investors continued to unwind commodities-based positions taken during the resource supercycle, according to Export Development Canada VP and chief economist Peter Hall. It had not been an orderly event, particularly for... 

US recovery involves short-term pain and long-term gain for commodities

PotashCorp curtails output as market slumps

By: Henry Lazenby     26th February 2016 Canada’s largest producer of the crop nutrient potash, Potash Corporation of Saskatchewan, this week announced temporary production curtailments at its Allan and Lanigan operations, in an effort to match supply with market demand. Saskatoon, Saskatchewan-based PotashCorp will curtail production... 

Agrium appoints three new directors, expands board to 12

By: Henry Lazenby     26th February 2016 Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board, effective from Wednesday. 

Dingyi eyes another offer for Elemental

By: Esmarie Swanepoel     12th February 2016 Potash hopeful Elemental Minerals on Friday announced that it had received an unsolicited, nonbinding, incomplete and conditional expression of interest from Dingyi Group Investment regarding a possible off-market takeover. Under the expression of interest, Dingyi was offering Elemental... 

Danakali eyes new product stream at Colluli

By: Esmarie Swanepoel     10th February 2016 Potash developer Danakali would initiate a scoping study into potential sulphate of potash magnesia (SOP-M) production from its Colluli project, in Eritrea. The company said on Wednesday that it had produced high purity, chloride free SOP-M from the Colluli potash project using salts from the... 

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