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Potash News

African Potash starts drilling at Lac Dinga

By: Leandi Kolver     5th August 2014 Aim-listed exploration company African Potash has started drilling the first hole at its Lac Dinga project, in the Republic of Congo. The initial hole, which is planned to a depth of about 500 m below surface, is the first of a two-hole rotary/core drilling programme that will test two... 

PotashCorp lifts profit outlook, Q2 earnings beat expectations

By: Henry Lazenby     25th July 2014 Canadian fertiliser producer Potash Corp of Saskatchewan (PotashCorp) this week reported a near 27% drop in second-quarter profit at $472-million, or $0.56 a share, as lower potash prices dragged revenue down. However, the results for the period ended June 30 beat analyst expectations and... 

PotashCorp lifts profit outlook, Q2 earnings beat expectations

Brazil-based potash project in development phase

By: Jonathan Rodin     25th July 2014 Brazil-based fertiliser development company Verde Potash is focusing on securing an environmental licence for its Cerrado Verde potash project, which is currently in the development stage, in Brazil’s Minas Gerais province. Verde Potash CEO Cristiano Veloso tells Mining Weekly that the company... 

Brazil-based potash project in development phase
Photo by Verde Potash
POSITIVE RESULTS Verde Potash published a positive update in March on Cerrado Verde’s measured and indicated resource

Arianne Phosphate lifts Quebec resource base

By: Henry Lazenby     18th July 2014 TSX-V-listed Arianne Phosphate, which is developing the Lac à Paul project, in Quebec, this week reported that its 2014 drilling programme had enabled it to significantly lift its flagship project’s compliant inferred resources. The Saguenay, Quebec-based firm on Wednesday said it had added... 

Arianne Phosphate lifts Quebec resource base

Elemental secures bigger stake of Sintoukola

By: Esmarie Swanepoel     14th July 2014 unior potash explorer Elemental Minerals has secured the balance of its Sintoukola project, in the Republic of Congo, by agreeing to acquire the minority holders' direct stake in the project. Elemental would issue the minority shareholders new shares in the company, based on their relative... 

Metallica identifies 15 bauxite targets in Cape York

By: Esmarie Swanepoel     11th July 2014 ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told... 

Metallica identifies 15 bauxite targets in Cape York

KPC buys potash project in Kazakhstan

By: Esmarie Swanepoel     7th July 2014 Melbourne-based Kazakhstan Potash Corporation (KPC) has signed a sales and purchase agreement to acquire the Satimola potash deposit, in Kazakhstan for $140-million. As part of the agreement, KPC would also issue the project holder Satimola with a $19-million loan to provide working capital and... 

African Potash appoints drill contractor for Congo asset

By: Natasha Odendaal     23rd June 2014 Aim-listed exploration company African Potash has set July for the start of its maiden 1 000 m diamond drilling programme at its Lac Dinga potash exploration project after appointing Italy-headquartered RCT as the drill contractor. Drilling at the Republic of Congo-based project, which aimed to... 

African Potash appoints drill contractor for Congo asset

Beacon Hill to raise £1.5m, investors eye stake

By: Natasha Odendaal     23rd June 2014 Aim-listed Beacon Hill Resources on Monday said it was considering investor interest in acquiring a stake in the company or in its Minas Moatize coking coal project, in Mozambique. The company was working with its adviser, Investec, to assess its options after a number of strategic investors... 

Beacon Hill to raise £1.5m, investors eye stake
Minas Moatize

South Boulder secures export capacity for Eritrea project

By: Esmarie Swanepoel     11th June 2014 Potash hopeful South Boulder Mines has secured access to Anfile Bay, in Eritrea, that would allow the company to store and ship products from its Colluli potash project. The Eritrean Ministry of Energy and Mines ahs made the area available in recognition of the ‘considerable work undertaken by... 

South Boulder secures export capacity for Eritrea project

Mosaic CFO takes reins as CEO Prokopanko takes medical leave

By: Henry Lazenby     30th May 2014 The CEO of US fertiliser and phosphates company Mosaic, James Prokopanko, will take medical leave to undergo surgery to treat cancer, the Plymouth-based fertiliser maker said on Thursday. Mosaic announced that CFO Larry Stranghoener would step in as interim CEO, beginning June 1, the... 

Mosaic CFO takes reins as CEO Prokopanko takes medical leave

Mines undermine workers – BUA

By: Sapa     27th May 2014 Mineworkers have long been undermined and belittled by mining companies, a social rights movement said on Tuesday. "The slave living and working conditions under which mineworkers are exposed cannot be condoned in the current South African constitutional democracy," said Bua Mining Communities... 

Mines undermine workers – BUA

Cabinet too big – Seifsa

By: Sapa     26th May 2014 President Jacob Zuma's new Cabinet is too big and will be too costly, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Monday. "While we understand that Cabinet appointments offer the president an opportunity to reward his supporters and to balance the interests... 

Cabinet too big – Seifsa
Siefsa CEO Kaizer Nyatsumba

DuSolo Fertilizers on fast track to Brazilian phosphate sales

By: Henry Lazenby     24th May 2014 In pursuing its strategic objective of transitioning from fertiliser explorer to producer, TSX-V-listed Brazil-focused DuSolo Fertilizers is on a fast track to production, expecting the first product to leave its flagship 75%-owned Bomfim project’s mine gate before the year is out.. Located in... 

DuSolo Fertilizers on fast track to Brazilian phosphate sales

Arianne Phosphate aspires to strategic success

By: Simon Rees     20th May 2014 Juniors like to dream big, whether it is finding and delineating an attractive project for acquisition, teaming up with a senior partner, or even bringing an operation on stream through their own endeavours. But the gap between aiming high and actually hitting the mark can be a wide one; the... 

Arianne Phosphate aspires to strategic success

Study shows ‘compelling economics’ of Highfield’s Spain project

By: Esmarie Swanepoel     20th May 2014 A prefeasibility study into ASX-listed Highfield Resources’ Javier potash project, in Spain, has estimated that the project would have a net present value of more than $1-billion. Based on a resource of 154-million tonnes, grading 12.9% potassium oxide, the Javier project would have a mine life... 

Study shows ‘compelling economics’ of Highfield’s Spain project

Utah grants water rights for Potash Ridge’s Blawn Mountain project

By: Henry Lazenby     16th May 2014 Canadian potash project developer Potash Ridge on Friday said that its application for water rights at its flagship Blawn Mountain sulphate of potash (SOP) project near Milford, Utah, had been granted, a critical step to advance the project toward construction in 2015. The TSX-listed firm's... 

Utah grants water rights for Potash Ridge’s Blawn Mountain project

Circum acquires 30% of Danakil through Premier deal

By: Leandi Kolver     15th May 2014 Aim-listed Premier African Minerals on Thursday announced that Danakil potash project codeveloper Circum Minerals had exercised its exclusive option to acquire the entire issued share capital of former AgriMinco subsidiary Mandalore Development from Premier, effectively consolidating its... 

Circum acquires 30% of Danakil through Premier deal

Karnalyte Resources announces abrupt change of CEO

By: Henry Lazenby     14th May 2014 TSX-listed potash project developer Karnalyte Resources this week announced that mining veteran Thomas Drolet had replaced Robin Phinney as president and CEO with immediate effect. Karnalyte on Tuesday said that Drolet, with 43 years of experience in Canadian and international business... 

Karnalyte Resources announces abrupt change of CEO
Photo by Karnalyte Resources
Wynyard, Saskatchewan.

MBAC ramp-up marches on, commercial production imminent

By: Henry Lazenby     13th May 2014 Canadian fertiliser producer MBAC Fertiliser Corp on Tuesday said that output from its flagship Itafόs Arraias operations, in Brazil, was ramping up on schedule to declare commercial production in the current quarter. The Toronto-based project developer said that during the three months ended... 

MBAC ramp-up marches on, commercial production imminent
Photo by MBAC Fertiliser Corp
Itafόs

Premier exercises Danakil acquisition option

By: Leandi Kolver     13th May 2014 Aim-listed Premier African Minerals on Tuesday reported that it has exercised the option to acquire Toronto-listed AgriMinco’s entire interest in its subsidiary Mandalore Development, which has a 30% interest in the Danakil potash project, in Ethiopia. The acquisition consideration was estimated,... 

Premier exercises Danakil acquisition option

African Potash set to start exploration drilling at Congo asset

By: Natasha Odendaal     12th May 2014 Aim-listed African Potash plans to kick off a maiden drilling campaign and exploration programme at its Lac Dinga potash project, in the Republic of Congo, during the third quarter of the year after securing the financial and technical resources. The group raised about $1.7-million through a... 

African Potash set to start exploration drilling at Congo asset

Premier Danakil acquisition receives TSX approval

By: Leandi Kolver     9th May 2014 Aim-listed Premier African Minerals on Friday announced that its 30% acquisition of the Danakil potash project, in Ethiopia, from Toronto-listed AgriMinco had been approved by the TSX, following the transaction’s approval by AgriMinco’s independent shareholders. In terms of the C$4.9-million... 

Premier Danakil acquisition receives TSX approval

Premier enters into loan agreement to acquire 30% of Danakil

By: Leandi Kolver     2nd May 2014 Aim-listed Premier African Minerals has concluded the principle terms of a conditional interest-free, term loan of $2.5-million that would enable it to acquire 30% of the Danakil potash project, in Ethiopia, the company said on Friday.  Premier had previously entered into a C$4.9-million option... 

Premier enters into loan agreement to acquire 30% of Danakil

Industry leaders reflect on evolution of SA's mining industry over last two decades

By: Jade Davenport     25th April 2014 The mining industry has, from a historical perspective, played an inherently complex and contradictory role within South Africa’s sociopolitical economy. While the industry has, for more than a century, been the main driver of phenomenal economic growth and industrialisation, it was also partly... 

Industry leaders reflect on evolution of SA's mining industry over last two decades

PotashCorp narrows Q1 profit, sees weaker-than-expected Q2 earnings

By: Henry Lazenby     24th April 2014 The world’s largest potash producer, Potash Corporation of Saskatchewan (PotashCorp), on Thursday reported a 39% slide in net income for the three months ended March 30, but beat analyst expectations and its own guidance for the period. The Saskatoon, Saskatchewan-based company reported... 

PotashCorp narrows Q1 profit, sees weaker-than-expected Q2 earnings

Low international potash import offer sparks flurry in Indian buying

By: Ajoy K Das     22nd April 2014 Indian potash imports are poised for a significant boost in 2014 as the sector saw a flurry of activity to clinch contracts at sharply reduced prices ranging between $320/t to $325/t, which was substantially lower than the $427/t mark recorded last year. According to officials in India’s... 

Low international potash import offer sparks flurry in Indian buying

Worrying technical corner-cutting needs to be nipped in bud   

By: Martin Creamer     17th April 2014 Worrying technical corner-cutting was sneaking into the mining industry and needed to be nipped in the bud, The Mineral Corporation MD Frank Gregory said on Thursday. Speaking to Mining Weekly Online in the attached video interview, the independent and privately owned firm, which offers... 

Worrying technical corner-cutting needs to be nipped in bud
The Mineral Corporation executives including MD Frank Gregory, David Young, Stewart Nupen and Russell Heins speak of worrying technical corner-cutting that is rearing its head in the mining industry, occupational disease and service awards from South African mines. Camerawork & Editing: Nicholas Boyd.

Muskowekwan First Nation votes to approve on-reserve potash project

By: Henry Lazenby     16th April 2014 Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve, located 100 km north-east of Regina, Saskatchewan. The two... 

Muskowekwan First Nation votes to approve on-reserve potash project

IC Potash gets green light for New Mexico SOP project

By: Henry Lazenby     15th April 2014 Potash project developer IC Potash (ICP) has received notice that the US Department of the Interior’s Bureau of Land Management (BLM) had published a record of decision (ROD) approving its plans to build and operate its sulphate of potash (SOP) Ochoa project, located in south-east New Mexico.... 

IC Potash gets green light for New Mexico SOP project

PotashCorp appoints former Inmet boss Tilk as new CEO

By: Henry Lazenby     7th April 2014 The world’s largest potash and crop nutrient producer Potash Corporation of Saskatchewan (PotashCorp) on Monday said that it had appointed former Inmet Mining chief Jochen Tilk as its new president and CEO, effective July 1, to take the reins from outgoing Bill Doyle. After a stint of 27 years... 

PotashCorp appoints former Inmet boss Tilk as new CEO

Mining majors prioritising value over volume as profits, valuations sag

By: Henry Lazenby     4th April 2014 Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... 

Mining majors prioritising value over volume as profits, valuations sag

Verde Potash completes ThermoPotash PFS

By: Henry Lazenby     1st April 2014 TSX-listed Verde Potash on Tuesday revealed robust metrics for its proprietary ThermoPotash (TK) project, in Brazil, saying a prefeasibility study (PFS) had pinned an estimated after-tax net present value of $145.7-million (at a 10% discount rate) to the project. The 1 000 t/d plant would cost... 

Verde Potash completes ThermoPotash PFS
Photo by Verde Potash
ThermoPotash

Verde potash lifts flagship’s resources

By: Henry Lazenby     20th March 2014 Brazil-focused Verde Potash on Thursday reported results from its latest drilling programme at its Cerrado Verde potash project, saying that the results had shown a significant increase in the size of Verde’s resource. The new Cerrado Verde resource represented more than 295-million tonnes of... 

Verde potash lifts flagship’s resources
Photo by Verde Potash
ThermoPotash

Slowing potash output to compound sluggish Saskatchewan economy growth

By: Henry Lazenby     19th March 2014 Growth in the Canadian province of Saskatchewan’s economy is expected to slow this year as a result of an expected drop in agricultural output and slowing potash production, the latest ‘RBC Economics Provincial Outlook’ had found. In its reported released on Wednesday, RBC forecasted real gross... 

Slowing potash output to compound sluggish Saskatchewan economy growth

Verde Potash’s $105m Brazilian govt funding confirmed

By: Henry Lazenby     19th March 2014 Potash and fertiliser development company Verde Potash on Wednesday announced that about $105-million in government funding for its flagship Cerrado Verde project, located within the country’s largest agriculture market, had been confirmed after an appeals period had ended. Verde last month... 

Verde Potash’s $105m Brazilian govt funding confirmed
Photo by Verde Potash
Cerrado Verde

Elemental Minerals ‘disappointed’ as Dingyi offer fails

By: Henry Lazenby     18th March 2014 ASX- and TSX-listed potash project developer Elemental Minerals on Tuesday expressed its dismay at the fact that an off-market takeover offer by Hong Kong Stock Exchange- (SEHK-) listed company Dingyi Group Investment would fail, after a SEHK listing committee upheld a decision to classify the... 

Elemental Minerals ‘disappointed’ as Dingyi offer fails
Photo by Bloomberg
Potash

Verde Potash’s ThermoPotash product found to improve coffee quality

By: Henry Lazenby     12th March 2014 Brazil-focused Verde Potash this week said that tests had established that its proprietary ThermoPotash product results in better quality coffee than when compared with plants fertilised using potassium chloride (KCl). The company on Tuesday reported that when compared with an identical test... 

Verde Potash’s ThermoPotash product found to improve coffee quality
Photo by Verde Potash
Cerrado Verde

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