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Potash News

Lake Wells proves economic – Australian Potash

By: Esmarie Swanepoel     23rd March 2017 A scoping study into the Lake Wells potash project, in Western Australia, has confirmed project economics, owner Australian Potash said. The scoping study considered the development of a two-staged operation, with Stage 1 producing some 150 000 t/y sulphate of potash (SoP). Stage 2 will see... 

TSX ends down as financials, commodity stocks retreat

By: Reuters     17th March 2017 Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6%, with insurance company Manulife Financial down 1.5% at C$24.13 and... 

BC Iron completes first stage of potash earn-in

By: Esmarie Swanepoel     15th March 2017 ASX-listed BC Iron has completed the first stage of its earn-in into the Carnegie potash project, in Western Australia. The junior on Wednesday said it had earned a 15% interest in the project by contributing A$500 000 and its mobile exploration camp facilities to the joint venture (JV). 

Circum awarded Ethiopian potash mining licence

By: Henry Lazenby     14th March 2017 London-based potash project developer Circum Minerals has secured a mining licence for its Danakil potash project. The licence was approved by the Council of Ministers of the Federal Democratic Republic of Ethiopia and gives Circum exclusive access over the 4.9-billion-tonne Canadian National... 

First K+S rail cars arrive at $4.1bn Legacy mine, in Saskatchewan

By: Henry Lazenby     13th March 2017 The first 177 of 531 custom built rail cars have arrived at potash project developer K+S Potash Canada's (KSPC's) $4.1-billion Legacy mine site, in Saskatchewan. The company on Monday said this was enough to complete one of three trains that will transport KSPC’s product to its potash handling... 

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Tough times call for cost-saving measures

By: Simone Liedtke     3rd March 2017 Mining in South Africa is tougher and costlier than ever, with investment flowing out of the country, instead of into the industry, says transport, industrial and heating fuel provider Shell South Africa commercial lubricants business-to-business marketing manager Tendani Ndwamise. 

Tough times call for cost-saving measures
INCREASING COMPLEXITY Heavy-duty machinery and equipment in the mining sector are becoming more complex and require the highest levels of professionalism from operators and servicing technicians

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

Muskowekwan First Nation inks tripartite accord with Encanto, government

By: Henry Lazenby     1st March 2017 The Muskowekwan First Nation of Saskatchewan has signed an agreement with junior project developer Encanto Potash, as well as the provincial and federal governments, that will pave the way for the construction of Encanto's proposed potash mine on the reserve located northeast of Regina. The... 

BC Iron moves into potash

By: Esmarie Swanepoel     1st March 2017 Junior iron-ore company BC Iron has entered into a joint venture (JV) agreement with fellow-listed Kalium Lakes over the Carnegie potash project, in Western Australia. Under the terms of the agreement, BC Iron could earn a 50% interest in the Carnegie project by predominantly sole funding... 

BHP says `bloody awful' trade pledges threaten Trump's pump

By: Bloomberg     28th February 2017 The head of the world’s biggest mining company intensified his warnings that US trade protectionism under President Donald Trump would threaten global growth and the fight against poverty. While applauding efforts by the administration to boost US growth and infrastructure spending, BHP Billiton... 

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

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... 

MAC laments Canada’s declining mining competitiveness
Photo by Agnico Eagle Mines
Agnico Eagle's Meadowbank mine, Nunavut

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
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