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Potash News

Highfield alters potash offtake agreements

By: Megan van Wyngaardt     26th July 2016 Spanish potash developer Highfield Resources has withdrawn from its nonbinding memorandums of understanding (MoUs) for potash offtake it signed with European fertiliser companies in May. The ASX-listed company on Tuesday said that the first MOUs, signed with large European fertiliser companies... 

Danakali to supply 200 000 t potash to potential offtakers

By: Samantha Herbst     20th July 2016 Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource,... 

Danakali to supply 200 000 t potash to potential offtakers

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

Mosaic to idle Colonsay mine

By: Henry Lazenby     14th July 2016 NYSE-listed The Mosaic Company will idle its 2.6-million-tonne Colonsay potash mine, in Saskatchewan, for the remainder of 2016 and halt current turnaround activities, the company announced Wednesday. "Lower global potash demand and market prices require that we curtail production. Idling... 

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Danakali receives positive feedback from Colluli impact assessment reviews

By: Samantha Herbst     11th July 2016 Potash developer Danakali announced on Monday that the two-month public review period for the ASX-listed miner’s Eritrea-based Colluli potash project’s social and environmental impact assessment (SEIA) and associated management plans (SEMP) was now complete, with only positive feedback received... 

Danakali receives positive feedback from Colluli impact assessment reviews

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Bada’s initial drill phase set for August

By: Nadine James     8th July 2016 Resource company Essel Group Middle East (EGME) expects to start Phase 1 of its drilling programme for its Bada potash project, in Eritrea, next month. EGME CEO Punkaj Gupta says the remainder of its 2016 exploration campaign will primarily be focused on drilling test holes to examine the layers... 

Bada’s initial drill  phase set for August
HOT PROSPECT The Bada licence is located in the northern-most part of Danakil depression where temperatures can exceed 50 °C

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

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
Mining Phakisa's Edwin Ritchken outlines progress to Mining Weekly Online’s Martin Creamer at SAIMM conference. Video & Video Editing: Nicholas Boyd.

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... 

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... 

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