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Potash
 
CANADIAN POTASH

CRU’s Burnside warns of potash overcapacity and oversupply Restricted

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Canada’s potash sector is a leviathan in the nation’s mining industry; it accounted for almost 30% of global supply during 2011, with the value of production that year reaching $7.97-billion, according to the Mining Association of Canada. The...
8th March 2013
 
 
POTASH

Karnalyte closes private placement, offtake with Indian company Restricted

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Saskatchewan-focused potash project developer Karnalyte Resources has closed a $44.7-million private placement with Indian firm Gujarat State Fertilizers & Chemicals (GSFC), which was first announced in January, giving it access to one of the...
8th March 2013
 
 
POTASH

Mining to be Ethiopian economic backbone as Allana outlines progress Restricted

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Sub-Saharan Africa was at the fore of the Prospectors and Developers Association of Canada’s 2013 show, with projects from West, Central and Southern Africa firing the imagination of many delegates and even grabbing several headlines. One region...
7th March 2013
 
 
ENVIRONMENT

Karnalyte gets environmental nod for Saskatchewan project Restricted

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Saskatchewan-focused project developer Karnalyte Resources on Monday achieved a critical milestone with the Saskatchewan Ministry of Environment (MoE) approving the environmental-impact statement (EIS) for the company’s flagship Wynyard carnallite...
11th February 2013
 
 
POTASH

Potash cartel announces Indian supply contract Restricted

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Canpotex, the market cartel of Canada’s biggest potash miners – Potash Corp, Mosaic and Agrium – announced a new deal with the Indian government and private sector customers to supply about 1.1-million tons of potash for shipment up to January...
9th February 2013
 
 
FINANCING

MBAC Fertilizer closes $34.5m financing Restricted

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Toronto-listed MBAC Fertilizer has closed a $34.5-million equity financing, including the full amount of the overallotment option. The company had issued 10.14-million common shares, including those issued in the exercise of the overallotment...
7th February 2013
 
 
COAL

Coal being 'strategic' mineral will not discourage export-price-reliant miners Restricted

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The declaration of coal as a strategic resource will continue to allow private participation and exports, says Mineral Resources Minister Susan Shabangu. Coal’s strategic role will be formulated within the Minerals and Petroleum Resources...
30th January 2013
 
 
POTASH

Premier African Minerals signs MoU for sale of Mali subsidiary Restricted

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Aim-quoted multicommodity resource company Premier African Minerals entered into a nonbinding memorandum of understanding (MoU) with Ethiopia-focused potash company Ethiopian Potash Corp (EPC) for the sale of its Mali subsidiary, G and B African...
30th January 2013
 
 
 
 
 
 
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