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Potash News

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Iannucci     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Harvest to raise £9m for Brazil project

By: Simone Liedtke     11th June 2018 Aim-listed Harvest Minerals on Monday launched an accelerated bookbuild to raise about £9-million. The gross proceeds of the placing, if fully subscribed, will be substantially applied to the development of production expansion at the Arapua fertiliser project, in Brazil, and product marketing,... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Emmerson raises cash for Moroccan potash project

By: Reuters     4th June 2018 Shares in Emmerson jumped more than 60% on their return to trade on Monday after the London-listed miner raised 6-million pounds ($8.04-million) by issuing 200-million new shares. The shares were halted last October when Emmerson became 100% owner of the Khemisset Potash Project in northern Morocco. 

Nutrien auctions remaining shares in lithium miner SQM for nearly $1bn

By: Reuters     1st June 2018 Canadian fertiliser company Nutrien auctioned its remaining stake in Chile lithium miner SQM on Friday for nearly $1-billion, the last step in meeting regulatory commitments after the company was formed in January by the merger of Agrium and Potash Corp of Saskatchewan. The nearly 20.17-million... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Kore Potash appoints new CEO

By: Anine Kilian     30th May 2018 Stuart Bradley (Brad) Sampson, once employed by Gold Fields in South Africa and Australia, has been appointed CEO of potash development company Kore Potash, taking over from outgoing CEO Sean Bennett, effective from June 4. Sampson was most recently CEO of ASX-listed Tiger Resources and held... 

Kore Potash appoints new CEO
Incoming Kore Potash CEO Brad Sampson

Indian potash imports to fall this year

By: Ajoy K Das     23rd May 2018 Indian imports of potash during the current financial year are expected to fall by 5% to 6% in the wake of a government cut in subsidies and the rapid depreciation of the local currency. According to government officials in the Agriculture Department monitoring fertiliser demand and availability... 

Unpacking Kropz’s Elandsfontein project 

22nd May 2018 Mining Weekly editor Martin Creamer unpacks the developments around Kropz’s Elandsfontein project. 

Unpacking Kropz’s Elandsfontein project
Unpacking Kropz’s Elandsfontein project

Kropz clinches offtake from phosphates project

By: Martin Creamer     21st May 2018 Plant nutrient minerals development company Kropz, which is developing the Elandfontein phosphates mining and processing project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone offtake agreement, for about a third of its production at market prices... 

Kropz clinches offtake from phosphates project
Photo by Creamer Media
Kropz CEO Ian Harebottle

Gensource project development secured as formal offtake accord is signed

By: Henry Lazenby     19th May 2018 The development of Gensource Potash’s first 250 000 t/y production module at its Vanguard project, in Saskatchewan, is another step closer to realisation after the company announced on Friday that it has signed a definitive offtake agreement with a major North American agriculture industry... 

Gensource project development secured as formal offtake accord is signed

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Brazil antitrust regulator approves Vale-Yara fertiliser deal

By: Reuters     10th May 2018 Brazil's antitrust regulator Cade on Wednesday approved the sale of a Vale fertiliser unit to Yara International, sanctioning a deal that will allow the Norwegian giant to produce nitrogen-based fertilisers in Brazil. Six of Cade's seven board members voted to approve the $255-million... 

Careful process consideration, augmentation delays Elandsfontein phosphate mine

By: Marleny Arnoldi     9th May 2018 Investment company African Rainbow Capital on Wednesday announced delays to its 25%-owned Elandsfontein phosphate mine.  

Nutrien, Mosaic report big misses on Q1 earnings; ups FY2018 profit guidance

By: Henry Lazenby     8th May 2018 A late start to the spring season across North America and west coast rail performance issues were the main contributors to a disappointing first quarter for plant fertiliser major Nutrien, the company said on Monday. The Saskatoon, Saskatchewan-based company reported adjusted net earnings of... 

Nutrien, Mosaic report big misses on Q1 earnings; ups FY2018 profit guidance

Mackay to cost $409m - Agrimin

By: Esmarie Iannucci     7th May 2018 A prefeasibility study (PFS) into the Mackay sulphate of potash (SOP) project, in Western Australia, has found that the project could deliver an average 426 000 t/y over an initial mine life of 20 years. ASX-listed Agrimin on Monday told shareholders that the project would require a capital... 

Reward's LD project proven economical

By: Esmarie Iannucci     1st May 2018 A prefeasibility study (PFS) into the LD sulphate of potash (SOP) project, in Western Australia, has found that an annual production rate of 407 500 t could be supported over a 27-year mine life. A total of nine-million tonnes of SOP will be delivered over the life of the project, ASX-listed... 

Kore Potash progresses DFS for RoC project

By: Nadine James     30th April 2018 Potash exploration and development company Kore Potash, headed by CEO Sean Bennett, continues to make progress with the definitive feasibility study (DFS) for its flagship 97%-owned Sintoukola (Kola) Potash project, in the Republic of Congo (RoC). 

Kore Potash progresses DFS for RoC project
Photo by Dylan Slater
SEAN BENNETT Kore used the quarter ended March 31 to start the process of optimising the capital and operating expenditure estimates, execution schedule and the final designs

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Unpacking this week's mining headlines 

18th April 2018 Mining Weekly Editor Martin Creamer unpacks this week's mining headlines: Glencore’s sustainability report, South Africa’s potential role in the Congo potash project and the debut of a game-changing fuel cell dozer. 

Unpacking this week's mining headlines
Unpacking this week's mining headlines

Davenport reports maiden potash resource in Germany

By: Esmarie Iannucci     16th April 2018 ASX-listed Davenport Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 576.6-million tonnes at the Ebeleben mining licence, in Germany. Grading at 12.1% potassium oxide, the project is estimated to host some 69.3-million tonnes of potassium oxide. 

Gensource offtake MoUs signal supply malaise in N American potash market

By: Henry Lazenby     14th April 2018 The fact that junior Canadian start-up Gensource Potash has been able to secure two memoranda of understanding (MoUs) from separate US offtake partners that support the establishment of a new and independent supply of potash, speaks to a certain malaise in the continent’s crop nutrient market.... 

Gensource offtake MoUs signal supply malaise in N American potash market

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Salt Lake signs MoU with Mitsubishi

By: Esmarie Iannucci     9th April 2018 ASX-listed Salt Lake Potash has signed a memorandum of understanding (MoU) with Mitsubishi for the sale and offtake rights of up to 50% of the sulphate of potash (SOP) to be produced from the demonstration plant at the Goldfields Salt Lakes project, in Western Australia. The SOP will be... 

Quebec govt sinks a further C$1.5m in Arianne Phosphate

By: Henry Lazenby     3rd April 2018 Project developer Arianne Phosphate has received a C$1.5-million grant from the Quebec ministry of energy and natural resources for its Lac a Paul apatite project. The funding is part of the province’s plan to support the new local phosphate industry. 

Kola project feasibility study progresses, due end Q2 or early Q3

By: Marleny Arnoldi     3rd April 2018 The definitive feasibility study (DFS) on potash exploration and development company Kore Potash’s Kola project, in the Republic of Congo, is 81% complete.  

Kore Potash lists on JSE, Aim

By: Marleny Arnoldi     29th March 2018 Potash exploration and development company Kore Potash on Thursday listed on the LSE’s Aim, as well as on the JSE, through a concurrent secondary listing of its ordinary shares.  

Kore Potash lists on JSE, Aim
Photo by Bloomberg
Potash ore

Gensource inks second offtake accord with potash major

By: Henry Lazenby     27th March 2018 Potash project developer Gensource Potash has secured a second potash offtake deal in a week with a hitherto unnamed senior North American agriculture industry player. Saskatoon, Saskatchewan-based Gensource said on Tuesday that the nonbinding memorandum of understanding (MoU) contemplates the... 

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

By: Henry Lazenby     24th March 2018 The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand at its Don Diego project, in the... 

Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

Mine accident shows a potash market nervous about outages

By: Bloomberg     16th March 2018 The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometre underground, trapping two workers. Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of... 

Mine accident shows a potash market nervous about outages

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

New mine to help K+S post significant earnings gain in 2018

By: Reuters     15th March 2018 German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune mine in Canada and after overcoming temporary restrictions on waste water at its main domestic mine. Revenues would be tangibly higher and earnings before interest, taxes,... 

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

Eurochem produces first potash at new $2bn Russian plant

By: Reuters     13th March 2018 Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2-billion Usolskiy plant in Russia. The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

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