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Potash News

K+S cuts outlook after dry weather weighs on production

By: Reuters     15th November 2018 German potash miner K+S lowered its full-year earnings guidance on Thursday after a severe drought hampered production at its main mine network in the third quarter. The company now forecasts earnings before interest, taxes, depreciation and amortisation (Ebitda) between €570-million and... 

Danakali welcomes UN lifting of sanctions against Eritrea

By: Tasneem Bulbulia     15th November 2018 A decision by the United Nations (UN) to lift an arms embargo, travel ban and asset freeze against Eritrea should have a positive impact on foreign investment and enhance international trade opportunities, leading to improved economic outcomes for the people of Eritrea, potash mining company... 

Salt Lake raises A$13m for Lake Way

By: Esmarie Iannucci     9th November 2018 ASX-listed Salt Lake Potash will raise A$13-million through a share placement to institutional and sophisticated investors, to fund the development of its Lake Way project, in Western Australia. The company on Friday said that some 31-million new shares will be placed at a price of 42c a share,... 

Premier African Minerals’ shares fall on proposed restructuring

By: Creamer Media Reporter      7th November 2018 Aim-listed Premier African Minerals’ share price on the LSE fell by 39% on Wednesday after it announced a proposed restructuring of its Zimbabwean minerals projects and a demerger. Premier plans to establish a new wholly-owned subsidiary Newco, into which it will consolidate its entire interests... 

Nutrien permanently closes New Brunswick facility

By: Mariaan Webb     6th November 2018 Potash major Nutrien said that it would permanently close the idled New Brunswick potash facility and that it had recorded a $1.8-billion noncash impairment in its third-quarter results, which were announced on Monday. In early 2016, when Nutrien was still known as Potash Corp of Saskatchewan... 

Nutrien permanently closes New Brunswick facility
The New Brunswick potash facility

Infinity seeks strategic partner for Spain lithium project

By: Mariaan Webb     5th November 2018 Project developer Infinity Lithium, formerly Plymouth Minerals, is scouting for a strategic partner for its lithium project in Spain, or to enter into a corporate transaction that “builds shareholder value”, MD and CEO Ryan Parkin said on Monday. In a shareholder email, he said the ASX-listed... 

Kore shares soar on Kola DFS update

By: Mariaan Webb     1st November 2018 Shares in London-listed Kore Potash soared about 50% on Thursday, after the company provided a further update about the definitive feasibility study (DFS) for its Sintoukola (Kola) potash project, in the Republic of Congo. The potash explorer and developer said that the French consortium of... 

Kore nears DFS, mining licence finalisation for Kola project

By: Marleny Arnoldi     30th October 2018 Aim- and JSE-listed Kore Potash is finalising the remaining volume of documents needed to complete a definitive feasibility study (DFS) for the company’s Sintoukola (Kola) potash project, in the Republic of Congo (RoC). “Completion of the study is a critical step towards unlocking the potential... 

Indian potash import prices surge 21%

By: Ajoy K Das     17th October 2018 Indian potash import prices have surged 21% to about $290/t for deliveries contracted between September 2018 and July 2019. Importers have warned that higher prices, coupled with a sharp depreciation of the Indian rupee below the Rs73 a dollar mark, would sharply increase the landed price of... 

Highfield ups capital cost estimate for Spain potash project

By: Esmarie Iannucci     15th October 2018 An optimised feasibility study into the Muga potash project, in Spain, has increased the project capital cost requirements, ASX-listed Highfield Resources reported on Monday. A 2015 definitive feasibility study estimated a capital investment of $256-million would be required to deliver... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Salt Lake gets approval for Williamson pond

By: Esmarie Iannucci     8th October 2018 The Western Australian Department of Mines, Industry Regulation and Safety has given ASX-listed Salt Lake Potash the go-ahead to construct a pond system to dewater the Williamson pit, at its Lake Way project. The Williamson pond will be the first operational scale sulphate of potash (SOP)... 

Ecanto says COO of three months steps down

By: Creamer Media Reporter      8th October 2018 Canadian potash junior Ecanto Potash on Friday announced the departure of Richard Lively from the company – only three months after he was appointed COO. The company did not provide a reason for Lively’s departure, but stated that it would continue its efforts to reduce projected capital... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

DRA Global confirmed as preferred EPCM contractor for Colluli

By: Tasneem Bulbulia     27th September 2018 Danakali has, on behalf of the Colluli Mining Share Company (CMSC), confirmed DRA Global as the preferred engineering, procurement and construction management (EPCM) provider for the Colluli potash project, in Eritrea. This represents another critical milestone for the project, reinforcing that... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Kalium completes BFS for Beyondie SoP project

By: Mariaan Webb     18th September 2018 ASX-listed Kalium Lakes has completed a “compelling” bankable feasibility study (BFS) for the Beyondie sulphate of potash (SoP) project, in Western Australia, prompting the board to approve early works and front-end engineering and design work ahead of a final investment decision. The BFS... 

Australian Potash gets licence for Lake Wells

By: Esmarie Iannucci     12th September 2018 ASX-listed Australian Potash has been granted a mining lease at its Lake Wells sulphate of potash (SOP) project, in Western Australia. “This is a major milestone on the approvals pathway and a significant step towards completion of the definitive feasibility study,” said Australian potash MD... 

Dedicated offshore transshipment area licensed at Sintoukola

By: Tasneem Bulbulia     12th September 2018 Potash project development company Kore Potash has received approval for a licence for the transshipment of potash and the discharge of waste brine in a dedicated offshore area at its flagship 97%-owned Sintoukola potash project in the Republic of Congo. The Maritime Authorisation licence – one... 

Severe drought halts production at second K+S site in Germany

By: Reuters     11th September 2018 An ongoing severe drought in Germany has prompted minerals miner K+S on Tuesday to shut down production at a second site at its Werra mine network in central Germany. K+S shut down production at its Wintershall site two weeks ago and has now temporarily halted output at is Hattorf site, as... 

Danakali banks on new investor mood to fund Eritrean mine

By: Reuters     7th September 2018 Fertiliser miner Danakali aims to raise $322-million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched... 

Danakali banks on new investor mood to fund Eritrean mine
Danakali's potash site in Eritrea.

Kalium Lakes adds to Beyondie resource

By: Esmarie Iannucci     4th September 2018 Potash hopeful Kalium Lakes has reported a 150% increase in the measured and indicated resources at its Beyondie sulpate of potash (SoP) project, in Western Australia. The project is now estimated to host a measured and indicated resource of 1.72-million tonnes, and an indicated resource of... 

Beyondie inching closer - Kalium Lakes

By: Esmarie Iannucci     31st August 2018 ASX-listed Kalium Lakes’ mining proposal and mine closure plan for its Beyondie sulphate of potash (SoP) project, in Western Australia, has been approved by the Department of Mines, Industry Regulation and Safety, allowing the company to start early works at the project site. The approval comes... 

Kore gets Esia approval for Dougou, Kola DFS under way

By: Marleny Arnoldi     28th August 2018 Potash developer Kore Potash has received environmental- and social-impact assessment (Esia) approval for its Dougou mining licence in the Republic of Congo (RoC). Approval of the assessment is a prerequisite to start construction of a mining project in the RoC.  

Danakali ticks another milestone in Eritrea

By: Esmarie Iannucci     22nd August 2018 Potash developer Danakali has reached another milestone at its Colluli project, in Eritrea, with the Eritrean Ministry of Land, Water & Environment accepting the finalised social and environmental management plans for the project. Danakali said on Wednesday that the acceptance followed extensive... 

Nutrien steers potash recovery as BHP waits in the wings

By: Reuters     20th August 2018 Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. 

Nutrien steers potash recovery as BHP waits in the wings

Kore announces maiden sylvinite mineral resource estimate for Dougou extension

By: Simone Liedtke     20th August 2018 Potash development company Kore Potash has declared a maiden sylvinite mineral resource estimate for its Dougou extension deposit, at the flagship 97%-owned Sintoukola (Kola) potash project, in the Democratic Republic of Congo (DRC). Sylvinite is a rock type comprised primarily of the potash... 

Israel seeks early re-tender of mining rights to shore up Dead Sea

By: Reuters     13th August 2018 The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. The main culprit is the drying up of the Jordan river, its main tributary, as communities upstream draw on it for farming and drinking. But... 

Mosaic reports Q2 earnings, increases FY Ebitda guidance

By: Mariaan Webb     7th August 2018 NYSE-listed fertiliser company Mosaic on Monday reported second-quarter earnings of $97.9-million, on net sales of $2.2-billion and increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) range on strong underlying business performance and lower full-year taxes. The... 

Carnegie advances to PFS

By: Esmarie Iannucci     27th July 2018 A scoping study into the Carnegie potash project, in Western Australia, has confirmed the project had the potential to be technically and economically viable, prompting joint venture partners BCI Minerals and Kalium Lakes to green light a prefeasibility study. With the completion of the scoping... 

Danakali shares admitted to trading on LSE

By: Simone Liedtke     24th July 2018 Just over 264-million shares of potash company Danakali have been admitted to trading on the LSE. Executive chairperson Seamus Cornelius on Tuesday said that the company was “delighted to deliver on another of its strategic goals for 2018”, adding that the LSE listing should increase its profile,... 

Canada’s Nutrien sells equity position in Arab Potash

By: Mariaan Webb     23rd July 2018 Canada’s Nutrien, created through the merger of Agrium and Potash Corporation of Saskatchewan, on Monday announced the sale of its 28% interest in Arab Potash (APC) to China’s SDIC Mining and Investment for $502-million. The sale followed last month’s auctioning of its remaining stake in Chile... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Iannucci     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

BHP beats production expectations; warns of $650m Samarco charge
BHP CEO Andrew Mackenzie

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Danakali seeks secondary listing on LSE

By: Marleny Arnoldi     12th July 2018 ASX-listed potash project developer Danakali intends to list on the LSE on July 24. The company’s ordinary shares will remain listed on the ASX. Danakali is developing the low-cost, shallow and advanced greenfield sulphate of potash (SoP) Coluli project, in Eritrea.  

Danakali seeks secondary listing on LSE
Danakali's Colluli potash site

Agrimin raises A$10m for Mackay

By: Esmarie Iannucci     5th July 2018 ASX-listed Agrimin has raised A$10-million through a share placement to institutional and sophisticated investors to fund the definitive feasibility study for its Mackay sulphate of potash (SOP) project, in Western Australia. The company on Thursday said that it placed 12.5-million shares at a... 

Kropz eyeing dual listing

By: Martin Creamer     4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... 

Kropz eyeing dual listing
Photo by Creamer Media
Kropz CEO Ian Harebottle
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