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Potash News

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... 

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 Swanepoel     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 Swanepoel     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 Swanepoel     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 Swanepoel     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

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

US seeks to boost output of 35 minerals, reduce import reliance

By: Reuters     17th February 2018 The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminium and potash are also on the draft list of 35 critical materials used in basic... 

US seeks to boost output of 35 minerals, reduce import reliance

There is new energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     16th February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

There is new energy to ease mining industry conflict – Scholes
Photo by Duane Daws
HULME SCHOLES For the first time . . . we will see the trust deficit between the mining industry and department close

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Nutrien closing in on selling stakes in SQM, Arab Potash Co – CEO

By: Reuters     7th February 2018 Canadian fertiliser and farm supply dealer Nutrien is actively dealing with prospective buyers of its stakes in lithium producer SQM and Arab Potash Co, its chief executive said on Tuesday. Nutrien is selling minority stakes in those companies as part of pledges to regulators who approved this... 

Lake Wells permitting ‘significantly advanced’ – Australian Potash

By: Mariaan Webb     6th February 2018 The permitting and approvals process for the Lake Wells sulphate of potash (SoP) project, in Western Australia, is well advanced with final Ministerial approval expected in the second half of the year. In an update to shareholders, Australian Potash reported on Tuesday that the project would be... 

Nutrien racks up $40m in synergies since merger

By: Henry Lazenby     6th February 2018 Fertiliser giant Nutrien on Monday reported full-year and fourth-quarter results for its constituent entities Agrium and Potash Corporation of Saskatchewan, saying both firms had benefitted from improving potash pricing as growers continue to focus on increasing productivity by using crop inputs... 

Nutrien racks up $40m in synergies since merger

BCI progressing diversified portfolio

By: Schalk Burger     30th January 2018 Junior miner BCI Minerals continues to focus on advancing existing projects and remaining debt-free, the company said on Tuesday in its quarterly report to the end of December. BCI’s cash balance was A$18.9-million at the end of December, down A$4.7-million compared with the quarter to the end of... 

Exhibitor cautiously optimistic about 2018

By: Nadine James     26th January 2018 Analytical services provider African Mineral Standards (AMIS) – a subsidiary of JSE-listed industrial group Torre Industries – is a producer of mineral certified reference materials (CRMs) and has a core focus on analytical services related to mining and exploration, which they will exhibit at... 

Exhibitor cautiously optimistic about 2018
SIGNED, SEALED, DELIVERED AMIS’ offering of certified reference materials can be used for analytical method validation, calibration of analytical equipment and in procedural quality control programs in assay laboratories

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

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