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Potash News

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... 

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... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

By: Creamer Media Reporter      30th September 2016 Capital considerations dominate the top three business risks in the mining and metals sector, according to professional services firm EY’s latest ‘Top 10 business risks facing mining and metals 2016-2017’ report. “Much like our global counterparts, Canadian mining and metals companies are facing... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

Mosaic’s radioactive sinkhole problem could mean mine delays

By: Bloomberg     27th September 2016 As the world’s largest producer of phosphate fertiliser, Mosaic is used to digging up parts of Florida to recover the mineral. But lately, one particular hole is causing the company some headaches. A sinkhole 14 m wide has opened up in a pile of mining waste at the company’s New Wales site, in... 

Mosaic’s radioactive sinkhole problem could mean mine delays

KPC finds rail solution for Kazakhstan potash projects

By: Esmarie Swanepoel     16th September 2016 ASX-listed explorer Kazakhstan Potash Corporation (KPC) has inked a framework agreement with the national rail operator that would look to integrate the transportation requirement of the company’s potash projects for shipment through to China into the Kazakhstan national railway network. KPC CEO... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

Advantage swoops in on 1 472 ha Salinas Grandes salar within Argentina’s ‘Lithium Triangle’

By: Henry Lazenby     15th September 2016 New explorer Advantage Lithium has signed a letter of intent (LoI) to acquire an option to earn 100% interest in the Stella Marys project, located within the so-called ‘Lithium Triangle’ of Salta province, Argentina. The Vancouver-headquartered company announced Wednesday that the 1 472 ha... 

Fertiliser trading agreement secured

9th September 2016 Aim-listed exploration company African Potash has signed a 12-month fertiliser supply agreement, subject to quarterly reviews, with Zambian fertilizer supplier and distributor Rockwell Fertilisers. African Potash executive chairperson Chris Cleverly says the company is “delighted” to have further... 

Fertiliser trading agreement secured
CHRIS CLEVERLY African Potash has strengthened its trading presence in Zambia and the Southern African region through the trade agreement with Rockwell

Karnalyte completes Phase 2 optimisation at Wynward

By: Samantha Herbst     7th September 2016 Potash project developer Karnalyte Resources has successfully commissioned the second phase of its Brine Production Phase optimisation programme at the company's Wynyard potash mine, in Saskatchewan. Karnalyte president Robin Phinney commented on Tuesday that the company had completed... 

Elemental signs $50m equity deal

By: Esmarie Swanepoel     2nd September 2016 Shareholders of potash hopeful Elemental Minerals have smiled on news that the company has signed binding agreements with strategic investors worth some $50-million. Elemental on Friday said it had signed separate interconditional definitive investment agreements with three strategic investors,... 

Elemental signs $50m equity deal

PotashCorp, Agrium confirm in talks for 'potential merger of equals'

By: Henry Lazenby     30th August 2016 Two of the world’s largest crop nutrients companies, Potash Corporation of Saskatchewan and Argrium Inc, on Tuesday confirmed that they were engaged in discussions regarding a “potential merger of equals”. Bloomberg News, citing unnamed sources, first reported Tuesday that the merger, which could... 

PotashCorp, Agrium confirm in talks for 'potential merger of equals'

Schwalbe

26th August 2016 Focused on providing products and services whilst ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and tested, with favourable results, by companies such as gold producer AngloGold Ashanti,... 

Schwalbe

Agrimin study proves robust Mackay SoP project

By: Megan van Wyngaardt     23rd August 2016 A recently completed scoping study at ASX-listed potassium miner Agrimin’s 100%-owned Mackay sulphate of potash (SoP) project has indicated that the project will be able to produce 370 000 t/y over a 20-year mine life. The company on Tuesday said that the Western Australia-based project also had... 

Updated study improves Sal da Vida financial returns – Galaxy

By: Megan van Wyngaardt     22nd August 2016 Australian lithium miner Galaxy Resources has increased the capital expenditure (capex) estimate of its Sal de Vida project, but has significantly reduced the capital cost payback period and now expects “much more attractive” financial returns from the project in Argentina’s Puna region. The... 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

No mining sector without geology

19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Russia’s fertilizer tycoon says potash glut may last a decade

By: Bloomberg     18th August 2016 Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6-billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive” actions by the largest sellers. Potash prices have collapsed... 

BHP’s potash mine may be mothballed after $2.6bn spent

By: Bloomberg     17th August 2016 BHP Billiton, the world’s biggest mining company, may end up mothballing its Canadian potash project by the end of this decade after completing two shafts at a cost of about $2.6 billion. The shafts at the giant potash deposit in Saskatchewan are now at a depth of about 600 meters (1 970 feet),... 

BHP’s potash mine may be mothballed after $2.6bn spent

Danakali’s Eritrea potash project attracts A$6.7m

By: Megan van Wyngaardt     12th August 2016 ASX-listed Danakali is looking to raise A$6.7-million through the issue of 20.2-million shares, at A$0.33 apiece, which will be used to advance the development of its Colluli potash project, in Eritrea. MD Paul Donaldson said on Friday that the placement was testimony to how the international... 

Karnalyte completes Phase 1 optimisation at Wynyard

By: Henry Lazenby     12th August 2016 Potash project developer Karnalyte Resources has completed the first phase of its optimisation programme for the Wynyard potash mine, in Saskatchewan. The company reported that it had, through a cold leaching process that lasted about three months, successfully developed an underground production... 

Centrex advances Oxley to prefeasibility stage

By: Megan van Wyngaardt     8th August 2016 ASX-listed junior Centrex Metals is advancing its Oxley project, in Western Australia, to the prefeasibility study (PFS) stage, after receiving positive results from a scoping study on a start-up potassium nitrate fertiliser (NOP) operation. The scoping study, prepared by Amec Foster Wheeler,... 

Financiers circle as Arianne seeks funds to advance Lac à Paul project

By: Simon Rees     5th August 2016 With a Ministerial decree in hand, issued on December 22, to advance its Lac à Paul phosphate project, in the Saguenay-Lac-Saint-Jean region of Quebec, Arianne Phosphate hopes to put Canada – where potash is king – on the phosphate map. However, the market it seeks to enter is competitive,... 

Financiers circle as Arianne seeks funds to advance Lac à Paul project

Vale to offer notes due in 2026

By: Henry Lazenby     3rd August 2016 Brazilian diversified miner Vale on Wednesday in a US securities filing announced that its subsidiary Vale Overseas plans to offer bonds due in August 2026. The company, which is also the world’s largest iron-ore producer, did not specify how much it planned to raise with the offering, which... 

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