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Potash News

Odey urges Anglo American to raise bid for Sirius Minerals

By: Reuters     19th February 2020 London-based hedge fund Odey Asset Management said it would oppose Anglo American's bid to acquire a huge fertiliser project from Sirius Minerals at 5.5p a share, saying the terms do not represent fair value. The asset under a national park in North Yorkshire is Britain's biggest mining project... 

More offtake secured at Lake Way

By: Esmarie Iannucci     19th February 2020 Potash developer Salt Lake Potash has inked a binding term-sheet with trading and investment giant Mitsui & Co for the sale of sulphate of potash (SOP) from its Lake Way project, in Western Australia, into Bangladesh, Cambodia, Japan, Malaysia, the Philippines, South Korea, Sri Lanka and Taiwan.... 

Funds raised for Fort Cady project

By: Esmarie Iannucci     19th February 2020 ASX-listed American Pacific has raised A$7.1-million through a share placement to fund construction activities at its Fort Cady borate mine, in Southern California. The company placed more than 17-7-milliion shares, at a pri9ce of 40c each to institutional, profession and sophisticated... 

The top miner’s vision of the future looks a lot like the past

By: Bloomberg     18th February 2020 BHP’s new top executive has a plan to prosper in a world that’s accelerating efforts to cut greenhouse gas emissions – double down on the raw materials that’ve been key through its near 170-year history. The world’s top miner, with roots in a 19th Century tin mine, plans to add more copper and... 

The top miner’s vision of the future looks a lot like the past
BHP CEO Mike Henry

Appeal hearing into Kropz’s water-use licence resumes

By: Tasneem Bulbulia     6th February 2020 An appeal hearing against the integrated water-use licence (Iwul) granted to Aim-listed emerging phosphate producer Kropz’s Elandsfontein project, in the Western Cape, resumed on Thursday. 

Danakali commits to advancing its ESG performance

By: Creamer Media Reporter      29th January 2020 ASX- and LSE-listed Danakali, which is developing the Coluli potash project in Eritrea, has appointed Todd Romaine as chief sustainability officer. The appointment is aimed at advancing the company's environmental, social and governance (ESG) performance and Romaine will oversee the execution of... 

Danakali working to complete EPCM mobilisation soon

By: Marleny Arnoldi     28th January 2020 ASX- and London-listed potash developer Danakali has made progress on Phase 1 of the Colluli project’s engineering, procurement and construction management contract. The company envisions that Phase 2 will start in mid-February, which will be followed by geotechnical investigation works that will... 

Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome 

22nd January 2020 This week Mining Weekly Editor Martin Creamer unpacks Anglo’s low carbon fertiliser contribution, BlackRock’s move to address climate change and potential job cuts in ferrochrome.   

Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome
Anglo's low carbon move, BlackRock addresses climate change, job cuts in ferrochrome

Anglo’s polyhalite entry likely to hit MoP more than SoP – Danakali 

By: Martin Creamer     21st January 2020 The proposed entry of Anglo American into the fertiliser industry is more likely to impact the muriate of potash (MoP) market than the sulphur of potash (SoP) market, says Danakali CEO Niels Wage. MoP production is relatively concentrated with single-channel CanPotex group of companies in Canada... 

Anglo’s polyhalite entry likely to hit MoP more than SoP – Danakali
Niels Wage

Seaside potash dream turns to pain for thousands of shareholders

By: Bloomberg     21st January 2020 Anglo American's plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents. The deal will ensure billions of dollars of investment in the downtrodden region of North Yorkshire. But people like Neil Trillo, one of the thousands who bought... 

Seaside potash dream turns to pain for thousands of shareholders

Anglo set to make low carbon fertiliser contribution 

By: Martin Creamer     20th January 2020 The polyhalite-based Poly4 product that Anglo American will market if its bid for Sirius Minerals is successful emits significantly less carbon dioxide (CO2) per tonne relative to both of the other two main fertiliser products.. Poly4 emits 93% less CO2 than the more elaborate processing of... 

Anglo set to make low carbon fertiliser contribution
Photo by Creamer Media
Duncan Wanblad

Agrimin adds to Mackay resource

By: Esmarie Iannucci     20th January 2020 ASX-listed Agrimin has reported a 470% increase to the mineral resource at its Mackay potash project, in Western Australia. The project is estimated to host a drainable mineral resource of 123-million tonnes of sulphate of potash (SOP), with the in-situ mineral resource now exceeding one-billion... 

Anglo, Sirius reach acquisition agreement

By: Martin Creamer     20th January 2020 The boards of Anglo American plc and Sirius Minerals plc have reached agreement on the takeover of the share capital of Sirius for £404.9-million. The acquisition will enable diversified  mining company Anglo to enter the fertiliser space through ownership of an underground polyhalite mining... 

Anglo, Sirius reach acquisition agreement
Photo by Sirius
Map showing area of interest

Anglo keen to enter fertiliser space with polyhalite 

By: Martin Creamer     8th January 2020 Diversified mining company Anglo American is keen to enter the fertiliser space by acquiring an underground polyhalite mining project in North Yorkshire, UK, on which more than $1-billion has already been spent on physical development by a company Anglo may take steps to buy for half that. The... 

Anglo keen to enter fertiliser space with polyhalite
Photo by Sirius
Area of 750 km2.

Anglo confirms discussions with Sirius

By: Martin Creamer     8th January 2020 Anglo American confirmed on Wednesday that it is in advanced discussions with Sirius, which has plans to develop a polyhalite mine in North Yorkshire, UK. Sirius, a fertiliser development company listed on the London Stock Exchange, has been taking steps to secure funding for the project's first... 

Anglo confirms discussions with Sirius
Sirius Minerals' Woodsmith mine project area in North Yorkshire, UK.

Mosaic’s McKenzie named Canpotex CEO

By: Creamer Media Reporter      8th January 2020 Canada’s Canpotex, the joint venture between Mosaic and Nutrien that markets Saskatchewan potash overseas, has appointed Gordan McKenzie its president and CEO. The appointment is effective January 17. 

Danakali selects preferred mining contractor for Colluli

By: Creamer Media Reporter      19th December 2019 ASX- and LSE-listed Danakali has selected Earth Moving Worldwide as its preferred contractor for the Colluli sulphate of potash project mining services scope. The mining services scope covers the pre-production period (development) plus the first five years of production. The scope includes the... 

Elandsfontein water use license hearing extended to February 2020

By: Simone Liedtke     18th December 2019 Aim-listed Kropz on Wednesday said that the Water Tribunal had requested continuation of the hearing hearing against Elandfontein’s invalid integrated water use license (WUL), which is expected to resume on February 6, 2020. The appeal hearing was heard by the Water Tribunal from December 11 to... 

Salt Lake secures more offtake for Lake Way

By: Esmarie Iannucci     18th December 2019 Potash developer Salt Lake Potash has inked a binding term sheet with chemical and fertilizer company HELM AG for 50 000 t/y of sulphate of potash (SOP) over a ten ytear period. “It is an outstanding achievement for Salt Lake to secure such a world class partner in HELM for the sale and... 

PFS for Kore’s Congo project on track

By: Simone Liedtke     17th December 2019 The pre-feasibility study (PFS) for potash exploration and development company Kore Potash’s Dougou extension (DX) at the Sintoukola potash project, in the Republic of Congo, is on track to be completed on budget in April 2020, with potentially improved financial outcomes. Technical studies... 

Elandsfontein water-use licence appeal hearing starts 

By: Marleny Arnoldi     11th December 2019 A Water Tribunal hearing into an appeal against the granting of an integrated water-use licence for Aim-listed emerging African phosphate producer Kropz’s 74%-owned Elandsfontein project, in the Western Cape, started on Wednesday. The company advised that it would not provide further comment on... 

EPA approves Lake Disappointment

By: Esmarie Iannucci     10th December 2019 The Environmental Protection Authority (EPA) has recommended the environmental approval of the Lake Disappointment potash project, in Western Australia, being developed by ASX-listed Reward Minerals. Lake Disappointment, located 320 km east of Newman, would produce 400 000 t/y of sulfate of... 

Kalium closes funding for SoP project

By: Esmarie Iannucci     9th December 2019 ASX-listed Kalium Lakes has achieved financial close, allowing the first draw-down on the project debt facilities for its Beyondie sulphate of potash (SOP) project in Western Australia. Kalium in July this year secured a near $102-million of senior debt funding from KfW IPEX-Bank, as well as... 

Kore buys drill rigs, other equipment

By: Simone Liedtke     6th December 2019 Potash exploration and development company Kore Potash has bought two drill rigs and ancillary equipment from Equity Drilling for use in a prefeasibility study (PFS) drilling campaign at the DX project in Congo-Brazzaville. As consideration for the acquisition, 22-million new ordinary shares in... 

Salt Lake raises cash for Lake Way

By: Esmarie Iannucci     6th December 2019 ASX-listed Salt Lake Potash will raise A$23.5-million through a share placement to a number of new Australian institutional investors, to fund the ongoing development of its Lake Way sulphate of potash (SOP) project, in Western Australia. Furthermore, the company on Friday reported that it has... 

India to open up potash mining for private miners

By: Ajoy K Das     3rd December 2019 The government of the central Indian state of Rajasthan has taken a policy decision to open up potash mining to private miners through the auction of reserves. Currently, India is entirely import dependent for its domestic potash requirements with local fertiliser producers shipping in an average... 

AFC invests $50m in Danakali

By: Marleny Arnoldi     3rd December 2019 Africa Finance Corporation (AFC) has made a $50-million, or A$74-million, strategic equity investment in ASX-listed potash developer Danakali. AFC acquired shares in Danakali at a price of A$0.60 apiece.  

Nutrien’s potash mine closure adds to bite of Canada rail strike

By: Bloomberg     25th November 2019 The world’s largest fertilizer producer plans to temporarily close its biggest potash mine as the impact of a Canadian rail strike continues to spread. Nutrien said Monday it notified workers of a two-week shutdown starting December 2 at its Rocanville mine in the western Canadian province of... 

Ethiopia vows to remove barriers to investment in mining

By: Reuters     25th November 2019 Ethiopia vowed on Monday to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which will help drive its industrialisation. Ethiopia, which has a mostly artisanal mining industry, wants to woo foreign mining companies to... 

Haunted by ghost workers, Tunisian phosphate miner seeks revival

By: Bloomberg     21st November 2019 Tunisia says it’s on track to restore once economically crucial phosphate output to levels approaching those before the 2011 Arab Spring uprising, as its beleaguered state-owned miner undergoes a shakeup. Output will probably be at least 4.1-million tons in 2019, up from 2.8-million tons the... 

Resources Watch 

21st November 2019 Hyve portfolio head discusses the 26th Investing in Africa Mining Indaba; And, NMP still banking on marine phosphate project despite enviro objections 

Resources Watch
Resources Watch

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

CN Rail strike begins in threat to Canadian oil, potash cargo

By: Bloomberg     20th November 2019 About 3 200 workers at Canadian National Railway Co went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country. Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company... 

Salt Lake signs SoP offtake

By: Esmarie Iannucci     18th November 2019 Potash developer Lake Way Potash has inked three binding term sheets for sulphate of potash (SOP) offtake from its Lake Way project, in Western Australia. The ASX-listed company on Monday said that a total of 170 000 t/y of volume has been committed to three leading fertilizer distributors over... 

Sirius reveals revised plan for UK fertiliser mine

By: Mariaan Webb     11th November 2019 London-listed Sirius Minerals has unveiled a new development plan for its fertiliser mine project, in North Yorkshire, sending the UK project developer’s share price surging. The initial phase of one-million tonnes a year will require an investor or debt financing for $600-million by the end of... 

Sirius reveals revised plan for UK fertiliser mine

Billionaire Dangote, Togo agree to $2bn phosphate project

By: Bloomberg     8th November 2019 Dangote Industries will invest in a $2-billion phosphate project in Togo, positioning itself to become a main supplier of fertiliser in West Africa. The company controlled by Nigerian billionaire Aliko Dangote will mine an estimated two-billion tons of phosphate in nearby Togo for processing as... 

Three dozen rescued after blast in east German potash mine

By: Reuters     8th November 2019 Around three dozen mine staff in eastern Germany were rescued on Friday after being trapped 700 m below ground following an unexplained blast in a potash mine, police said. The local broadcaster MDR reported that firefighters had carried out a rescue operation, and shortly afterwards local... 

Ethiopia awaits proposals for revival of fertiliser complex

By: Bloomberg     4th November 2019 Ethiopia is awaiting proposals from European and Asian companies for a joint venture intended to oversee the revival of a stalled fertiliser complex. The unidentified firms have expressed interest in developing the Yayu Fertilizer Complex comprising a fertiliser plant, a 90-MW thermal power... 

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