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Potash News

Danakali clears ‘significant milestone’ as Colluli licence is granted

By: Esmarie Swanepoel     1st February 2017 The Eritrean Energy and Mines Ministry has awarded potash developer Danakali a mining licence for its Colluli tenements, following the signing of a mining agreement. ASX-listed Danakali told shareholders on Wednesday that the licence allowed for the exploitation of potassium, calcium, sodium and... 

PotashCorp profit forecast disappoints amid tough markets

By: Bloomberg     28th January 2017 Potash Corporation of Saskatchewan, the crop-nutrient producer planning to merge with Agrium Inc, forecast lower-than-expected earnings for 2017 as it warned that new nitrogen-fertiliser plants in the US will weigh on prices. Fertiliser stocks dropped. The Canadian company also said Thursday in... 

Encanto going boldly where rivals can only dream

By: Henry Lazenby     27th January 2017 New potash player Encanto Potash is awaiting the imminent finalisation of a feasibility studyon its Muskowekwan joint venture (JV) property, in Saskatchewan, before making a decision on next steps, including a construction decision. The TSX-V-listed project developer turned the global potash... 

Juniors to battle for project development prizes at Indaba

27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Partnership to attract new investors, companies
FUNDING EXPANSION Guyana Goldfields will use the net proceeds of its bought deal financing to fund an expansion of its flagship Aurora gold mine in South America

New equipment to be showcased

27th January 2017 Equipment developers Volvo Construction Equipment and Terex Trucks will be represented by plant and equipment supplier Babcock at the 2017 Investing in African Mining Indaba, where it will showcase new products from the manufacturers that will be introduced this year as part of the company’s... 

New equipment  to be showcased
BIGGER AND BETTER The Volvo A60H 60 t articulated hauler is the largest of its kind in the world

Fluor clinches engineering contract for Eritrean potash project

By: David Oliveira     27th January 2017 Global engineering and construction company Fluor announced earlier this month that it had secured a front-end engineering, design and optimisation contract from ASX-listed potash producer Danakali for its Colluli potash project, in Eritrea. Following a competitive tendering process, initiated... 

Potash Ridge contemplates smaller-scale ops at Blawn Mountain

By: Henry Lazenby     20th January 2017 TSX-listed project developer Potash Ridge this week published the results of a study updating its 2013 technical report on the Blawn Mountain project, in Utah. The update provides a capital cost that is more attractive given today's market conditions, and sets out an initial production rate that... 

Encanto hits jackpot with direct-selling offtake agreement with Indian farmers' co-op

By: Henry Lazenby     19th January 2017 The potash market on Thursday reverberated with the news that junior project developer Encanto Potash has struck a definitive 20-year offtake agreement with an India-based farmers’ co-op for a minimum of five-million tonnes a year, cutting out the middle man and selling directly to farmers. The... 

Encanto hits jackpot with direct-selling offtake agreement with Indian farmers' co-op

Hits and misses as production reports roll in

By: Henry Lazenby     11th January 2017 Several North American miners issued fourth-quarter and full-year 2016 production reports on Wednesday, with some reporting better-than-expected results and others missing the mark. TSX- and NYSE MKT-listed streaming and royalty firm Sandstorm Gold sold record volume of 13 200 attributable... 

Hits and misses as production reports roll in

Agrium completes urea plant at Texas nitrogen facility

By: Henry Lazenby     11th January 2017 Dual-listed Agrium has completed an expansion build-out at its Borger nitrogen operations, providing improved supply chain integration and product diversification and availability in the important agricultural region of Texas. The company, which is in the process of merging with Canadian... 

Potash Ridge banks first tranche of convertible security funding

By: Henry Lazenby     5th January 2017 Near-term fertiliser producer Potash Ridge has closed the first tranche of a convertible security financing announced last month, bolstering the balance sheet by about $2.64-million. The Toronto-based company said it will use the funds of the up to $11.8-million financing to advance its... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

New Year heralds several senior management employments
Photo by Bloomberg
Cuck Jeannes

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Scotiabank Commodity Index set to end 2016 on high note
Photo by Bloomberg
The surprise rally of bulk commodities, especially metallurgical coal, has lost some momentum in the final weeks of 2016

Colluli granted govt approvals

By: Esmarie Swanepoel     6th December 2016 Eritrea's Ministry of Land, Water and Environment has approved ASX-listed Danakali’s social and environmental impact assessment (SEIA) for its Colluli potash project. Danakali reported on Tuesday that the approval of the SEIA represented a critical milestone in the advancement of the Colluli... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

Indaba invaluable, time-efficient industry barometer – previous delegates
TIME IS MONEY The Mining Indaba is the most time-efficient way of gaining insight into African mining

Gensource to form JV with Essel Group ME to develop Saskatchewan potash project

By: Henry Lazenby     30th November 2016 Potash project developer Gensource Potash has signed a memorandum of understanding (MoU) with Essel Group Middle East (EGME), a subsidiary of Essel Group India, to form a joint venture (JV) company that will focus on the development of one of Gensource’s potash projects in Saskatchewan, Canada.... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

PotashCorp, Agrium shareholders approve merger

By: Henry Lazenby     4th November 2016 Shareholders of PotashCorp of Saskatchewan and Agrium have given their overwhelming support for a merger that is set to create a new $36-billion player. In a special meeting held on Thursday, more than 99% of voting shareholders were in favour of the deal. 

PotashCorp, Agrium shareholders approve merger

Foreign demand still drives African mining

By: Sascha Solomons     4th November 2016 Africa’s mining and quarrying activities continue to be characterised by export-oriented activities and, as a result, the mining sector of this mineral-rich continent is driven primarily by the commodities appetite of the world’s largest economies. “While this is great for mining States in Africa... 

Foreign demand still drives African mining
JACQUES ERASMUS To become globally competitive, emerging economies in Africa are looking to leverage the latest technological advancements

Mining decline will continue unless new minerals Bill changed – Lorimer 

By: Martin Creamer     2nd November 2016 The decline of South Africa’s mining sector will continue unless the new Mineral and Petroleum Resources Development Act Amendment Bill – passed by the National Assembly on Tuesday – is radically changed, says Democratic Alliance Shadow Mineral Resources Minister James Lorimer MP. The Bill, sent... 

Mining decline will continue unless new minerals Bill changed – Lorimer
The Democratic Alliance’s Shadow Mineral Resources Minister James Lorimer MP

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader

By: Henry Lazenby     2nd November 2016 The Ontario government on Tuesday announced that it would invest C$2.5-million in the Centre for Excellence in Mining Innovation's (CEMI's) ongoing work with the Ultra Deep Mining Network (UDMN), which is helping the mining sector develop and adopt commercially viable innovations. Part of a... 

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader
Photo by Ontario Ministry of Northern Development and Mines
Minister of Northern Development and Mines Michael Gravelle addresses the Mining Innovation Summit 2016, held in Sudbury

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance 

By: Henry Lazenby     26th October 2016 The world’s largest earthmoving and mining equipment manufacturer Caterpillar has booked a sharply lower third-quarter profit, citing global economic weakness and an abundance of used equipment available, which is slowing sales. The NYSE-listed company expressed concern that the tough market... 

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance

Sherritt widens loss as output slows; lowers Ambatovy FY guidance

By: Henry Lazenby     25th October 2016 Canadian diversified miner Sherritt International Resources has, for the second time this year, cut the nickel guidance at the 40%-owned Ambatovy mine, in Madagascar, citing a tailings pipe blockage and total shutdown that occurred in June and July, followed by weak output in August. The... 

Sherritt widens loss as output slows; lowers Ambatovy FY guidance
Photo by Sherritt International
Ambatovy, Madagascar

Technological innovation will drive new exploration strategies  

By: Nadine James     14th October 2016 Increased innovation in analytical instrumentation and unmanned aerial vehicle, or drone, technology will further enhance the means and cost of exploration, thereby enabling the development of new exploration strategies, says mining consultancy The MSA Group. Oxford University and University of... 

Technological innovation will drive new exploration strategies
A NEED FOR INNOVATION New technologies could reduce the cost of greenfield exploration, which would hopefully result in an increase in activity which has been declining for several years

Malawi starts geological mapping programme

14th October 2016 Malawi has signed an agreement with a consortium of geological survey organisations for a countrywide Geological Mapping and Mineral Assessment Project (Gemmap) to assist in the growth of the minerals sector by providing detailed references for mineral exploration and mine planning. The... 

Malawi starts geological mapping programme
HIDDEN GEMS? In its efforts to boost mineral exploration and mining revenue, the Angolan government has launched a mapping project to discover untapped mineral reserves

Global decrease in exploration activity

14th October 2016 Lower commodity prices, market instability, reduced investment and increased environmental awareness, have been cited as reasons for the global decrease in exploration activity by scientific agency for natural sciences the US Geological Survey (USGS). The agency released its yearly report on... 

Global decrease in exploration activity
EXPLORATION EMPHASIS Global exploration activity last year predominantly comprised of gold and copper exploration

Saldanha Bay phosphate project moves to feasibility study stage

By: David Oliveira     14th October 2016 Gauteng-based phosphate and limestone-focused producer Adelaide Ruiters Mining and Exploration (ARME) in August appointed engineering consultants DMT Kai Batla and Royal Haskoning DHV for ARME’s Zandheuvel phosphate mining project in Saldanha Bay, in the Western Cape. DMT Kai Batla has been... 

Mining juniors poised for recovery – PwC

By: Henry Lazenby     13th October 2016 Junior mining companies make up more than 50% of the total market capitalisation on the TSX Venture Exchange, up from 36% on June 30, 2015, a new report by professional services firm PwC has found. As evidenced in PwC Canada's 2016 Junior Mine report, titled ‘Signs of Life’, cash flows from... 

Four key themes to dominate mining in the Americas – report

By: Henry Lazenby     13th October 2016 Miners in both North and South America will remain focused on improving operational performance over the coming years, while divergent regulatory policies will either improve or worsen the industry’s welfare, recent analysis by market intelligence firm BMI Research shows. According to the think... 

Four key themes to dominate mining in the Americas – report

In divergent strategy step-change, Denham targets later-stage projects

By: Henry Lazenby     11th October 2016 As the global mining markets turn a corner from what can be termed the biggest commodity downturn in living memory, private equity firm Denham Capital has changed tack, opting to invest in later-stage projects rather than driving exploration. Speaking to Mining Weekly Online from Houston, Texas,... 

In divergent strategy step-change, Denham targets later-stage projects

New mining money to be made as investment tide turns

By: Henry Lazenby     11th October 2016 There is a noted general perception among the investment community, including private equity firms and high-net-worth individuals, that there is some money to make again in the rebounding mining industry, PearTree Securities president Trent Mell tells Mining Weekly Online. “Following three years... 

New mining money to be made as investment tide turns

Nevsun sidesteps class action; mulls appealing precedent-setting Canadian suits

By: Henry Lazenby     7th October 2016 The British Columbia Supreme Court on Thursday rendered a precedent-setting decision  allowing Eritreans to bring civil action against Nevsun Resources. While the court refused to allow a class-action claim to proceed in court, Nevsun said it would consider appealing a court decision allowing... 

Nevsun sidesteps class action; mulls appealing precedent-setting Canadian suits
Photo by Nevsun Resources
Bisha mine, Eritrea

K+S offsets natural grasslands affected by $4.1bn Legacy project

By: Henry Lazenby     5th October 2016 Major project developer K+S Potash Canada (KSPC) has partnered with the Saskatchewan government and nongovernmental organisation Nature Conservancy of Canada (NCC) to protect a swathe of grassland in Saskatchewan. The C$1-million project aims to achieve "no net loss" of native grasslands as a... 

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