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Potash News

Kropz eyeing first ore through phosphates plant this year

By: Martin Creamer     23rd January 2018 Explorer, developer and miner of plant nutrient minerals Kropz, which has invested $120-million in its 95% complete Western Cape processing facility, is finalising plant design and mulling capital raising to take the Elandsfonten phosphates project to the next level, Kropz CEO-designate Ian... 

ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Nutrien sells 14% stake in Israel Chemicals for $700m

By: Henry Lazenby     16th January 2018 Crop inputs and services provider Nutrien has agreed to sell its nearly 14% stake in Israel Chemicals through a private secondary offering of all of the 176.09-million shares it owns. NYSE- and TSX-listed Nutrien expects to receive about $700-million in net proceeds from the transaction, which is... 

Harvest to expand Arapua fertiliser capacity

By: Henry Lazenby     15th January 2018 Brazil-focused fertiliser producer Harvest Minerals is planning a significant expansion at its Arapua fertiliser project, with the addition of four knife mills and associated infrastructure that will push production capacity above the 320 000 t/y level. The LSE Aim-listed company announced on... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Potash sampling confirms Carnegie potential

By: Megan van Wyngaardt     11th January 2018 Brine analysis results for an initial auger sampling programme completed at the Carnegie Potash Project (CPP), owned by Kalium Lakes Limited (KLL) and BCI Minerals (BCI), through their Carnegie joint venture (CJV), has returned potassium grades of up to 4 790 mg/L, which is equivalent to a... 

Vale to retain port terminal stake in rejigged Mosaic deal

By: Henry Lazenby     3rd January 2018 Brazilian diversified major Vale will retain a stake in the TIPLAM port terminal, in southeast Brazil, under terms of an adjusted $2.5-billion deal with The Mosaic Co to sell certain of its fertiliser assets. Vale advised on Tuesday that the sale of Vale Fertilizantes to Mosaic is now expected to... 

Nutrien gains on first trading day as Agrium, PotashCorp complete merger

By: Henry Lazenby     3rd January 2018 The TSX-listed equity of freshly minted fertiliser producer, distributor and retailer Nutrien gained nearly 6% on Tuesday – its first trading day following closure of the transaction on New Year’s day. The ‘merger of equals’ has created a new top-tiered fertiliser company with a total market... 

Nutrien gains on first trading day as Agrium, PotashCorp complete merger

PotashCorp, Agrium merger gets final thumbs up; Nutrien to trade from Jan 2

By: Henry Lazenby     27th December 2017 Canadian plant nutrient companies Agrium Inc and Potash Corporation of Saskatchewan have received clearance from the US Federal Trade Commission and have now obtained all regulatory approvals required to close their proposed merger of equals transaction. The partners expect the merger, which will... 

PotashCorp, Agrium merger gets final thumbs up; Nutrien to trade from Jan 2

Kore Potash plans to list on the JSE and Aim in early 2018

By: Mariaan Webb     14th December 2017 Republic of Congo-focused mineral explorer Kore Potash has received strong interest from South African investors and will now also seek a secondary listing on the JSE, in addition to plans to list on London’s Aim, the company reported on Thursday. Kore Potash said that the additional public... 

Kore Potash plans to list on the JSE and Aim in early 2018

Agrium expands retail reach in Australia with Macrofertil acquisition

By: Henry Lazenby     12th December 2017 TSX- and NYSE-listed fertiliser giant Agrium Inc has reached a definitive agreement with Louis Dreyfus Company (LDC) for the acquisition of Macrofertil, a fertiliser distribution business in Australia with about $120-million in yearly sales. Agrium subsidiary Landmark Operations will take control... 

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Change of name for BCI to reflect broader strategy

By: Mariaan Webb     4th December 2017 BCI Iron has changed its name to BCI Minerals to reflect the broadening of the company’s strategy to increase its focus on additional commodities. The ASX-listed company has expanded its focus to also include a presence in gold and base metals and has set out to be an “influential Australian... 

Kalium raises funds to move forward on SoP BFS

By: Megan van Wyngaardt     24th November 2017 A recent bookbuild by ASX-listed potash developer Kalium Lakes was oversubscribed and strongly supported by existing and new shareholders, raising A$14.2-million from 33.5-million shares. The company now expects to be fully funded to complete the bankable feasibility study (BFS) at its Beyondie... 

Danakali board approves dual listing plans

By: Mariaan Webb     21st November 2017 Potash junior Danakali on Tuesday announced its intention to list on the LSE next year, becoming the second ASX-listed exploration and development firm to announce a dual listing in London this week. Danakali said its dual listing, planned for the first half of 2018, was in line with its equity... 

Danakali board approves dual listing plans

Flexible couplings able to withstand extreme mining conditions

17th November 2017 Manufactured by global bearings manufacturer The Timken Company, parts distributor Bearing Man Group’s (BMG’s) Quick-Flex couplings are able to withstand the most extreme mining conditions, including temperatures as high as 100 ˚C. The Timken Quick-Flex couplings, which require minimal... 

Flexible couplings able  to withstand extreme  mining conditions
FLEXIBLE APPLICATION The Quick-Flex coupling’s design makes it suitable for high-speed, low-torque, excessive-vibration drives, to a low-speed, high-torque applications

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

PotashCorp, Agrium 'merger of equals' gains Chinese competition consent

By: Henry Lazenby     7th November 2017 The merger of Potash Corporation of Saskatchewan and Agrium Inc has received the thumbs up from the Chinese Ministry of Commerce. Billed as a 'merger of equals', the business combination will create a new $36-billion entity, to be named Nutrien. The transaction is working its way through the... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Argentina Lithium lays claim to entire salar within LatAm's 'Lithium Triangle'

By: Henry Lazenby     7th November 2017 The TSX-V-listed stock of energy metals junior Argentina Lithium & Energy shot up nearly 52% on Monday after the company announced that it had staked an entire salar, or salt flat, in Argentina's Incahuasi Salar and basin, in Catamarca province. The stock movement on Monday pays testament to the... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

BHP's chairperson holds first annual meeting, plans to review board
BHP chairperson Ken Mackenzie

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

BHP told bending to activists poses risks for debt investors
BHP new chairperson Ken Mackenzie

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

PotashCorp completes Rocanville expansion

By: Henry Lazenby     13th October 2017 Canadian potash major Potash Corporation of Saskatchewan has completed an expansion at its Rocanville operation, more than doubling capacity and the work force to become the world’s largest potash mine. The $3-billion investment lifted the mine’s nameplate capacity to 6.5-million operation, up... 

Beyondie to cost A$220m - Kalium Lakes

By: Esmarie Swanepoel     3rd October 2017 A prefeasibility study (PFS) has found that the Beyondie project, in Western Australia, could deliver about 150 000 t/y sulphate of potash (SOP) over an initial 21-year mine life. ASX-listed Kalium Lakes on Tuesday told shareholders that the project would require a capital investment of... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

PotashRidge to spin out Quebec assets; Encanto secures C$100m for Muskowekwan work

By: Henry Lazenby     21st September 2017 Despite a potash glut, junior project developers are making steady progress developing the next generation of mines that will provide plant nutrients needed to cater for exploding food demand across the globe. TSX-listed PotashRidge announced on Wednesday that it would spin out its Quebec assets... 

PotashCorp curtails some capacity; Mosaic flags Irma disruption

By: Henry Lazenby     20th September 2017 Canada’s largest potash producer PotashCorp of Saskatchewan said on Wednesday it would curtail some capacity to balance its supply with market demand. Saskatoon, Saskatchewan-based PotashCorp said it would fully rely on its lowest-cost Rocanville operations, while the Allan operation would... 

PotashCorp curtails some capacity; Mosaic flags Irma disruption

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

Davenport gains access to South Harz exploration database

By: Mariaan Webb     18th September 2017 Australian junior Davenport Resources has been issued a notarised certificate, which confirms its acquisition of three potash licences in the South Harz region of Germany and allows the company access to historic exploration data. Davenport MD Chris Bain said on Monday that its exploration team,... 

Ethiopia mulls new potash partner as failed deal is arbitrated

By: Bloomberg     14th September 2017 Ethiopia is considering finding a new partner to develop a potash mine abandoned last year by Israel Chemicals, which has sought compensation at an arbitration court after accusing the government of failing to support the project. Several companies are interested in developing potash deposits in... 

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