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Potash News

MAC laments Canada’s declining mining competitiveness

By: Henry Lazenby     17th February 2017 Canada's mining competitiveness is declining, while exploration and mining investment dollars are flowing offshore, a new report by the Mining Association of Canada (MAC) has found. “Very simply, Canada is not as attractive as it used to be for mineral investment and competition for those dollars... 

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Agrium Q4 profit falls two-thirds as fertiliser market slump weighs

By: Henry Lazenby     10th February 2017 Calgary, Alberta-based fertiliser producer Agrium, which controls the largest retail distribution network in North America, has reported a 67% slide in net fourth-quarter earnings attributable to equity holders, to $67-million, or $0.49 a share. The company, which is in the process of merging... 

Verde Agritech stock leaps on Brazil enviro licence approval

By: Henry Lazenby     10th February 2017 The TSX-listed stock of plant nutrient project developer Verde Agritech nearly doubled to a new 12-month high late on Thursday, after it announced that the Minas Gerais State Environmental Agency had issued an environmental licence for its Cerrao Verde project. "With this long-awaited... 

Verde Agritech stock leaps on Brazil enviro licence approval
Photo by Verde potash
Cerrado Verde, Brazil

Vale expects to book $1.2bn Q4 fertiliser impairment

By: Henry Lazenby     7th February 2017 Diversified Brazilian mining major Vale expects to book a $1.2-billion after-tax impairment charge on its fertiliser business for the fourth quarter. The company, which expects to report fourth-quarter and full-year results on February 23, said in regulatory filing on Monday that the charge... 

Vale expects to book $1.2bn Q4 fertiliser impairment
Photo by Bloomberg
Vale CEO Murilo Ferreira

Amendment Bill in limbo, but processes crucial

By: Sascha Solomons     3rd February 2017 While stakeholders are waiting for the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill to pass into law, it is important to not only comply with the current version of the MPRDA, but also to take into account the proposed amendments, comments Hogan Lovells partner and head... 

Amendment Bill in limbo, but processes crucial
WARREN BEECH Renewed consultation might eliminate some of the concerns on the Mineral and Petroleum Resources Development Act Amendment Bill

Mining Charter ‘merely draft’ – law firm

By: Sascha Solomons     3rd February 2017 Much controversy surrounds the April 2016 publication of the draft reviewed Mining Charter, but law firm Werksmans Attorneys reminds concerned stakeholders that it is still “merely in draft form”. Extensive comments were furnished from various industry stakeholders after the publication of the... 

Mining Charter ‘merely draft’ – law firm
CHRIS STEVENS The real-world implications of the revised charter will be fairly substantial for mining companies if it is published in the form in which it was published for comment in April 2016

Danakali clears ‘significant milestone’ as Colluli licence is granted

By: Esmarie Swanepoel     1st February 2017 The Eritrean Energy and Mines Ministry has awarded potash developer Danakali a mining licence for its Colluli tenements, following the signing of a mining agreement. ASX-listed Danakali told shareholders on Wednesday that the licence allowed for the exploitation of potassium, calcium, sodium and... 

PotashCorp profit forecast disappoints amid tough markets

By: Bloomberg     28th January 2017 Potash Corporation of Saskatchewan, the crop-nutrient producer planning to merge with Agrium Inc, forecast lower-than-expected earnings for 2017 as it warned that new nitrogen-fertiliser plants in the US will weigh on prices. Fertiliser stocks dropped. The Canadian company also said Thursday in... 

Encanto going boldly where rivals can only dream

By: Henry Lazenby     27th January 2017 New potash player Encanto Potash is awaiting the imminent finalisation of a feasibility studyon its Muskowekwan joint venture (JV) property, in Saskatchewan, before making a decision on next steps, including a construction decision. The TSX-V-listed project developer turned the global potash... 

Fluor clinches engineering contract for Eritrean potash project

By: David Oliveira     27th January 2017 Global engineering and construction company Fluor announced earlier this month that it had secured a front-end engineering, design and optimisation contract from ASX-listed potash producer Danakali for its Colluli potash project, in Eritrea. Following a competitive tendering process, initiated... 

Juniors to battle for project development prizes at Indaba

     27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

New equipment to be showcased

     27th January 2017 Equipment developers Volvo Construction Equipment and Terex Trucks will be represented by plant and equipment supplier Babcock at the 2017 Investing in African Mining Indaba, where it will showcase new products from the manufacturers that will be introduced this year as part of the company’s... 

New equipment  to be showcased
BIGGER AND BETTER The Volvo A60H 60 t articulated hauler is the largest of its kind in the world

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Partnership to attract new investors, companies
FUNDING EXPANSION Guyana Goldfields will use the net proceeds of its bought deal financing to fund an expansion of its flagship Aurora gold mine in South America

Potash Ridge contemplates smaller-scale ops at Blawn Mountain

By: Henry Lazenby     20th January 2017 TSX-listed project developer Potash Ridge this week published the results of a study updating its 2013 technical report on the Blawn Mountain project, in Utah. The update provides a capital cost that is more attractive given today's market conditions, and sets out an initial production rate that... 

Encanto hits jackpot with direct-selling offtake agreement with Indian farmers' co-op

By: Henry Lazenby     19th January 2017 The potash market on Thursday reverberated with the news that junior project developer Encanto Potash has struck a definitive 20-year offtake agreement with an India-based farmers’ co-op for a minimum of five-million tonnes a year, cutting out the middle man and selling directly to farmers. The... 

Encanto hits jackpot with direct-selling offtake agreement with Indian farmers' co-op

Hits and misses as production reports roll in

By: Henry Lazenby     11th January 2017 Several North American miners issued fourth-quarter and full-year 2016 production reports on Wednesday, with some reporting better-than-expected results and others missing the mark. TSX- and NYSE MKT-listed streaming and royalty firm Sandstorm Gold sold record volume of 13 200 attributable... 

Hits and misses as production reports roll in

Agrium completes urea plant at Texas nitrogen facility

By: Henry Lazenby     11th January 2017 Dual-listed Agrium has completed an expansion build-out at its Borger nitrogen operations, providing improved supply chain integration and product diversification and availability in the important agricultural region of Texas. The company, which is in the process of merging with Canadian... 

Potash Ridge banks first tranche of convertible security funding

By: Henry Lazenby     5th January 2017 Near-term fertiliser producer Potash Ridge has closed the first tranche of a convertible security financing announced last month, bolstering the balance sheet by about $2.64-million. The Toronto-based company said it will use the funds of the up to $11.8-million financing to advance its... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

New Year heralds several senior management employments
Photo by Bloomberg
Cuck Jeannes

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Scotiabank Commodity Index set to end 2016 on high note
Photo by Bloomberg
The surprise rally of bulk commodities, especially metallurgical coal, has lost some momentum in the final weeks of 2016

Colluli granted govt approvals

By: Esmarie Swanepoel     6th December 2016 Eritrea's Ministry of Land, Water and Environment has approved ASX-listed Danakali’s social and environmental impact assessment (SEIA) for its Colluli potash project. Danakali reported on Tuesday that the approval of the SEIA represented a critical milestone in the advancement of the Colluli... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

Indaba invaluable, time-efficient industry barometer – previous delegates
TIME IS MONEY The Mining Indaba is the most time-efficient way of gaining insight into African mining

Gensource to form JV with Essel Group ME to develop Saskatchewan potash project

By: Henry Lazenby     30th November 2016 Potash project developer Gensource Potash has signed a memorandum of understanding (MoU) with Essel Group Middle East (EGME), a subsidiary of Essel Group India, to form a joint venture (JV) company that will focus on the development of one of Gensource’s potash projects in Saskatchewan, Canada.... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

PotashCorp, Agrium shareholders approve merger

By: Henry Lazenby     4th November 2016 Shareholders of PotashCorp of Saskatchewan and Agrium have given their overwhelming support for a merger that is set to create a new $36-billion player. In a special meeting held on Thursday, more than 99% of voting shareholders were in favour of the deal. 

PotashCorp, Agrium shareholders approve merger

Foreign demand still drives African mining

By: Sascha Solomons     4th November 2016 Africa’s mining and quarrying activities continue to be characterised by export-oriented activities and, as a result, the mining sector of this mineral-rich continent is driven primarily by the commodities appetite of the world’s largest economies. “While this is great for mining States in Africa... 

Foreign demand still drives African mining
JACQUES ERASMUS To become globally competitive, emerging economies in Africa are looking to leverage the latest technological advancements

Mining decline will continue unless new minerals Bill changed – Lorimer 

By: Martin Creamer     2nd November 2016 The decline of South Africa’s mining sector will continue unless the new Mineral and Petroleum Resources Development Act Amendment Bill – passed by the National Assembly on Tuesday – is radically changed, says Democratic Alliance Shadow Mineral Resources Minister James Lorimer MP. The Bill, sent... 

Mining decline will continue unless new minerals Bill changed – Lorimer
The Democratic Alliance’s Shadow Mineral Resources Minister James Lorimer MP

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader

By: Henry Lazenby     2nd November 2016 The Ontario government on Tuesday announced that it would invest C$2.5-million in the Centre for Excellence in Mining Innovation's (CEMI's) ongoing work with the Ultra Deep Mining Network (UDMN), which is helping the mining sector develop and adopt commercially viable innovations. Part of a... 

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader
Photo by Ontario Ministry of Northern Development and Mines
Minister of Northern Development and Mines Michael Gravelle addresses the Mining Innovation Summit 2016, held in Sudbury
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