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Potash News

Creamer Media publishes African Mining Projects in Progress - Second Edition

25th January 2016 Creamer Media’s second edition of its African Mining Projects in Progress 2015 report tracks project developments taking place across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium.  

Networking at every turn

By: Kimberley Smuts     22nd January 2016 Event organiser Mining Indaba recognises that one of the most critical functions of the Investing in African Mining Indaba conference is to create a platform that allows all those operating in the African mining sector to engage. The annual Mining Indaba taking place from February 8 to 11 at the... 

Networking at every turn
NETWORKING OPPORTUNITIES ABOUND Mining Indaba has again allocated specific times for networking over the course of the event to allow delegates to set up meetings and take advantage of the opportunity to meet new business contacts

Applied Mineral Technologies

22nd January 2016 Witbank-based Applied Mineral Technologies (Amtec) specialises in the fabrication and construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many... 

Applied Mineral Technologies

Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

By: Henry Lazenby     19th January 2016 Canada’s largest potash producer Potash Corporation of Saskatchewan on Tuesday announced that it would immediately close its Picadilly, New Brunswick potash operations, citing a challenging macroeconomic backdrop. The suspension would make between 420 and 430 jobs redundant, with only a core crew... 

Challenging macroeconomic backdrop prompts PotashCorp to shutter New Brunswick ops

Muga boosts Highfield's position on cost curve

By: Esmarie Swanepoel     19th January 2016 Potash developer Highfield Resources is likely to be the highest margin potash producer globally, with its Muga project, in Spain, expected to be the lowest-cost potash producer. The ASX-listed company on Tuesday revealed results from an independent report by Argus FMB on behalf of the Europena... 

African Potash raises funds to expand footprint

By: Megan van Wyngaardt     12th January 2016 To improve infrastructure and support the development of its revenue-generative trading operations, Aim-listed African Potash placed 48.5-million new ordinary shares at 1.7p apiece to raise £825 000.   “Since turning our short-term attention to trading fertiliser and fertiliser constituents,... 

African Potash delivers first 20 000 t of fertiliser stock

By: Megan van Wyngaardt     6th January 2016 Aim-listed exploration company African Potash has dispatched 20 000 t of urea stock in partial satisfaction of sale agreement with a Zambian customer for 50 000 t of fertiliser, signed in October 2015. The urea stock, valued at $10-million in gross revenue, was delivered to the Mozambique port of... 

Arianne Phosphate stock jumps after Quebec govt approves Lac à Paul project

By: Henry Lazenby     23rd December 2015 Project developer Arianne Phosphate has received the green light to proceed with construction of its flagship Lac à Paul project, located in Quebec's Saguenay-Lac-Saint-Jean region. After receiving approval from the Quebec provincial government, Arianne’s TSX-V-listed stock jumped about 11.5% in... 

Kriel Occupational & Wellness Centre

11th December 2015 Independent service provider Kriel Occupational & Wellness Centre, a 100% black, female-owned business, was formed in 2008 to bridge the gap in the occupational health sector identified by director Dr Patience Lindi Mokwena. The women-empowered company, which is focused on servicing the mining... 

Kriel Occupational & Wellness Centre

Rum Jungle eyes Japanese offtake partner

By: Esmarie Swanepoel     9th December 2015 Junior Rum Jungle has signed a memorandum of understanding (MoU) with a major Japanese trading house for the potential future offtake of sulphate of potash from the company’s projects. Rum Jungle owns a portfolio of sulphate of potash projects across a number of states, including the Northern... 

African Potash secures £750 000 loan

By: Megan van Wyngaardt     2nd December 2015 Aim-listed African Potash has signed a £750 000, nine-month agreement for a bridge loan with company CFO Neil Clayton’s wife Katrina Clayton. A fee of £60 000, or 8% of the loan amount applied to the bridge loan and resulted in a total amount of £690 000, which could be drawn down with immediate... 

How mining can innovate and boost cash at same time 

By: Martin Creamer     2nd December 2015 French software company Dassault Systèmes Geovia is offering South Africa’s struggling mining industry the opportunity to innovate and accelerate its cash flow at the same time. The company outlined its mix of innovation and cash-boosting potential at a presentation attended by Creamer Media’s... 

How mining can innovate and boost cash at same time
Dassault Systemes Geovia top brass speak to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Colluli's economics confirmed - Danakali

By: Esmarie Swanepoel     30th November 2015 A definitive feasibility study (DFS) into the Colluli potash project, in Eritrea, has reduced the expected capital expenditure to bring the project into production by about 30%, owner Danakali reported on Monday. A March prefeasibility study into the project had estimated that the Stage 1... 

Tramecon

27th November 2015 Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Elemental eyes quicker start at Congo mine

By: Esmarie Swanepoel     26th November 2015 Potash hopeful Elemental Minerals is contemplating the accelerated construction of its Kola sylvenite project, in the Republic of Congo, after receiving an investment proposal from Summit Private Equity. Summit is looking to invest at least $40-million into ASX-listed Elemental, taking up shares... 

New software enables local mines to shorten survey cycles

By: Samantha Herbst     20th November 2015 Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby     17th November 2015 As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

Highfield doubles Muga mine life

By: Esmarie Swanepoel     17th November 2015 Potash developer Highfield Resources has doubled the mine life of its Muga project, in Spain, on the back of an optimisation study. A previously completed definitive feasibility study (DFS) into the Muga project estimated a capital investment of $256-million would be required to deliver... 

Another listless year for mining belies future opportunities

By: Simon Rees     10th November 2015 China’s economic shift and the ongoing debate about a US interest rate rise continue to influence and shape the short-term future of mining and metals, Behre Dolbear senior MD Alastair McIntyre told an audience at a recent meeting of the Canadian Institute of Mining’s management and economic... 

Another listless year for mining belies future opportunities

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister

By: Henry Lazenby     5th November 2015 Shortly after being sworn in as Canada’s twenty-third Prime Minister on Wednesday morning, Justin Trudeau announced a new gender-equal Cabinet, including Manitoba MP James Carr as Minister of Natural Resources. In his new capacity, Carr assumed responsibility for the natural resources portfolio,... 

PM Trudeau appoints new Cabinet, Carr named Natural Resources Minister
Photo by Reuters
Canada's new Liberal Cabinet, led by PM Justin Truedeau.

Mosaic pares output as lower sales, prices dent Q3 net profit

By: Henry Lazenby     3rd November 2015 US fertiliser producer, the Mosaic Company’s NYSE-listed stock on Tuesday rallied 6% to $36.55 apiece, despite reporting a lower third-quarter net profit and cutting its fourth-quarter production outlook for both main operating segments. Potash prices had fallen in the past year owing to the... 

PotashCorp pares output, profit predictions as potash prices plunge

By: Henry Lazenby     29th October 2015 The world’s largest supplier of the crop nutrients by volume, Potash Corporation of Saskatchewan, will shutter its operations and cut output as margins for all three of its main products have fallen, sending its NYSE-quoted stock falling as much as 4.3% in early trading. For the three months... 

 PotashCorp pares output, profit predictions as potash prices plunge

Corruption concerns have increased implications for mining and exploration M&A

By: Simon Rees     29th October 2015 Buyers are becoming increasingly wary of corruption issues when buying projects, operations or other companies, and those looking to sell will have to be more mindful of this, says PricewaterhouseCoopers Canada MD and anticorruption expert Frederic Miller.   “Nobody these days wants to buy a... 

African Potash secures finance deal for offtake partners

By: Natalie Greve     28th October 2015 Aim-listed explorer African Potash has advised that its investment banking adviser Loita Capital Partners International has arranged an offtaker finance facility term sheet with local bank Ecobank Malawi in respect of African Potash’s fertiliser trading operations on the continent. The bank would... 

Minbos awarded licence over additional Angolan deposits

By: Natalie Greve     27th October 2015 ASX-listed Minbos Resources has secured licences for all deposits within its 50%-owned Cabinda phosphate project, in Angola. The company announced on Tuesday that the Angolan Ministry of Mines and Geology (MGM) had issued a licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando deposits. 

African Potash appoints UK politician to board

By: Megan van Wyngaardt     26th October 2015 Aim-listed exploration company African Potash has appointed Mark Simmonds as director, effective November 10. “Simmonds has significant experience working in Africa and brings with him a wealth of business and political contacts, which will support African Potash in the roll-out of its integrated... 

Shareholders get 3% of mining cake, employees 45% – PwC  

By: Martin Creamer     26th October 2015 Of the value created by 35 Johannesburg Stock Exchange-listed mining companies, a low 3% went to shareholders and a high 45% to employees, an analysis of the 12 months to June 2015 shows. Net profit fell 75% to a mere R2-billion even though impairment provisions were 26% lower. 

Shareholders get 3% of mining cake, employees 45% – PwC
Creamer Media’s Mining Weekly Online videos PwC mining assurance partner Andries Rossouw on some of the findings of the company’s seventh SA Mine report. Video: Nicholas Boyd. Video Editing: Lionel da Silva

Tough times may linger for commodities – Bureau for Economic Research

By: Kim Cloete     22nd October 2015 Bureau for Economic Research (BER) senior economist Hugo Pienaar said on Thursday that he expected commodities to face the pinch for some time to come. “We don’t think it is going to be a robust story for commodity prices any time soon. The global situation is not positive for South Africa,” he... 

Tough times may linger for commodities – Bureau for Economic Research

Resource lobby groups look forward to collaborative policy development with Prime Minister-designate 

By: Henry Lazenby     20th October 2015 Canada’s resource lobby groups have welcomed Canada’s new Prime Minister-elect Justin Trudeau, saying they are optimistic about collaborating with the new Liberal government to further advance resource policy reforms to the benefit of the Canadian economy. The Liberal leader on Tuesday afternoon... 

Resource lobby groups look forward to collaborative policy development with Prime Minister-designate
Photo by Bloomberg
Justin Trudeau, Canada's prime minister-elect and leader of the Liberal Party of Canada.

Verde Potash evolves from commodity focus to agri-tech firm

By: Henry Lazenby     20th October 2015 TSX-listed project developer Verde Potash has announced that it would transition from being a mainly commodity-focused company to embrace the agricultural-technology industry, leveraging the technological advances it has achieved in progressing its its Cerrado Verde project, located in Brazil.... 

Formal resource assessment commissioned for Red Moon's Newfoundland project

By: Henry Lazenby     14th October 2015 Eastern Canada-focused explorer Red Moon Potash has tasked consulting engineering firm Apex Geoscience of Edmonton, Alberta, to undertake a formal resource assessment of its Captain Cook halite (rock salt) deposit, in western Newfoundland. The report would seek to establish a maiden resource... 

Junior miners embrace unconventional strategies to survive economic trials

By: Henry Lazenby     8th October 2015 The drying up of equity and debt markets coupled with new lows in cash reserves have pushed Canada's junior mining industry on a further downward financial trend, according to PwC's yearly report on the TSX Venture's top 100 junior mining companies. But the industry was looking to innovate and... 

Junior miners embrace unconventional strategies to survive economic trials

PotashCorp withdraws bid for German rival

By: Henry Lazenby     5th October 2015 The world’s largest potash miner Potash Corporation of Saskatchewan (PotashCorp) on Monday retracted its offer to buy German rival K+S Aktiengesellschaft, citing declining macroeconomic conditions and a lack of interest from K+S management to pursue a deal. K+S had previously rejected the... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors

By: Henry Lazenby     5th October 2015 Canada on Monday became one of the 12 founders of the historic Trans-Pacific Partnership (TPP) free-trade agreement (FTA) that could ensure an increase in Canadian exports and investment to member countries, supporting jobs for Canadians at home and abroad. The TPP was a multilateral trade... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors
Photo by Reuters
Canada's Prime Minister Stephen Harper speaks during a news conference on the TPP trade agreement, in Ottawa.

Mosaic settles with EPA, Florida and Louisiana over waste management claims

By: Henry Lazenby     1st October 2015 Mosaic Fertilizer, a subsidiary of NYSE-listed The Mosaic Company, has reached settlements with federal and state environmental agencies to resolve claims involving the company's management of certain on-site waste materials at its fertiliser manufacturing facilities in Florida and Louisiana.... 

Mosaic settles with EPA, Florida and Louisiana over waste management claims

African Potash cements Zambia fertiliser deal

By: Natasha Odendaal     1st October 2015 Sub-Saharan Africa-focused exploration company African Potash has secured a legally binding supply deal for the sale of 50 000 t of fertiliser to a Zambia-based buyer days after setting a $500/t price tag. The Aim-listed company would supply 25 000 t of NPK D Compound and 25 000 t of urea to a... 

African opportunities depend on economic corridors and additional infrastructure 

By: Simon Rees     30th September 2015 Sub-Saharan Africa continued to face transport bottlenecks and difficulties in bringing large-scale infrastructure projects to fruition, despite increased economic growth and growing population levels, delegates were told at a recent Canada-Southern Africa Chamber of Business infrastructure... 

Potash West reports improved Dinner Hill economics

By: Esmarie Swanepoel     30th September 2015 Potash developer Potash West has again improved the economics of its proposed Dinner Hill project, in Western Australia, doubling the mine life and increasing the net present value (NPV) by 14%. A previous economic model of the project had estimated an NPV of around A$331-million, with the... 

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