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Potash News

Salt Lake raises A$5.2m

By: Esmarie Swanepoel     23rd March 2016 Dual-listed mineral explorer Salt Lake Potash has raised A$5.2-million through a share placement to Australian investors. The ASX- and Aim-listed company on Wednesday announced that it had placed some 16.25-million shares, at a price of 32c each, to raise the funds. The offer price represented a... 

Morocco's OCP posts 58% profit leap

By: Reuters     22nd March 2016 Moroccan fertiliser company Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, reported 2015 net profit up 57.8% year-on-year to 8.01 billion dirhams ($825.8-million) on Tuesday, attributing the rise to higher output. State-run OCP, a major earner of foreign currency for... 

Danakali raises funds for Colluli

By: Esmarie Swanepoel     21st March 2016 Potash developer Danakali would raise about A$5.5-million to advance its Colluli potash project, in Eritrea. The ASX-listed company said on Monday that it had received commitments for professional and sophisticated investors for the issue of up to 25-million shares, at a price of 22c each. 

Arianne Phosphate appoints new chairperson and CEO

By: Henry Lazenby     14th March 2016 With the December ‘ministerial decree’ in hand, the focus of project developer Arianne Phosphate is shifting to development of the Lac à Paul project, in Quebec's Saguenay-Lac-Saint-Jean region, prompting it to appoint industry veterans Jean Lamarre as chairperson and Brian Ostroff as CEO to... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project

By: Henry Lazenby     14th March 2016 India-listed agribusiness firm Gujarat State Fertilisers and Chemicals (GSFC) has agreed in principle to provide $700-million to finance construction of the first phase of project developer Karnalyte Resources’ 625 000 t/y Wynyard potash deposit, in Saskatchewan. TSX-listed Karnalyte would also... 

Indian agribusiness firm to fund first phase of Karnalyte’s Saskatchewan potash project
Photo by Karnalyte Resources
The Wynyard project, Saskatchewan

Lack of discipline to keep pressure on potash prices into the next decade

By: Henry Lazenby     4th March 2016 The consensus among potash companies participating in Bank of Montreal's (BMO's) Capital Markets Metals and Mining conference this week was that potash prices had reached a seasonal bottom on the back of production deferrals and cutbacks. However, BMO fertilisers and chemicals research analyst... 

Lack of discipline to keep pressure on potash prices into the next decade

US recovery involves short-term pain and long-term gain for commodities

By: Simon Rees     1st March 2016 The US economic recovery placed pressure on metals prices as investors continued to unwind commodities-based positions taken during the resource supercycle, according to Export Development Canada VP and chief economist Peter Hall. It had not been an orderly event, particularly for... 

US recovery involves short-term pain and long-term gain for commodities

PotashCorp curtails output as market slumps

By: Henry Lazenby     26th February 2016 Canada’s largest producer of the crop nutrient potash, Potash Corporation of Saskatchewan, this week announced temporary production curtailments at its Allan and Lanigan operations, in an effort to match supply with market demand. Saskatoon, Saskatchewan-based PotashCorp will curtail production... 

Agrium appoints three new directors, expands board to 12

By: Henry Lazenby     26th February 2016 Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board, effective from Wednesday. 

Dingyi eyes another offer for Elemental

By: Esmarie Swanepoel     12th February 2016 Potash hopeful Elemental Minerals on Friday announced that it had received an unsolicited, nonbinding, incomplete and conditional expression of interest from Dingyi Group Investment regarding a possible off-market takeover. Under the expression of interest, Dingyi was offering Elemental... 

Danakali eyes new product stream at Colluli

By: Esmarie Swanepoel     10th February 2016 Potash developer Danakali would initiate a scoping study into potential sulphate of potash magnesia (SOP-M) production from its Colluli project, in Eritrea. The company said on Wednesday that it had produced high purity, chloride free SOP-M from the Colluli potash project using salts from the... 

Agrium reports better-than-expected Q4 profit, but foresees weaker 2016

By: Henry Lazenby     9th February 2016 Agricultural products producer Agrium Inc has reported positive headline earnings for the three months ended December 31, beating market expectations convincingly. However, its earnings forecast for the full-year 2016 came in below expectations and weighed on its share price performance on... 

Agrium reports better-than-expected Q4 profit, but foresees weaker 2016

Proposed MPRDA amendments lack clarity

By: Nadine James     29th January 2016 While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

Mining needs critical legal regulatory matters resolved

29th January 2016 There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James     29th January 2016 It is more than a year since the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill was referred back to Parliament by President Jacob Zuma for reconsideration. According to the latest available public record, more parliamentary committee meetings to reconsider the Amendment... 

Delayed MPRDA Amendment Bill unfavourable

Crucial decision needed on empowerment levels

By: Nadine James     29th January 2016 An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

PotashCorp cuts dividend by 34% after lower-than-expected quarterly profit

By: Samantha Herbst     28th January 2016 TSX- and NYSE-listed potash and fertiliser producer PotashCorp, of Saskatchewan, has decided to cut its quarterly dividend by 34%, owing to the challenging market conditions and emerging market currency weakness relative to the US dollar that continue to weigh on the fertiliser market. The... 

PotashCorp cuts dividend by 34% after lower-than-expected quarterly profit

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.  

Creamer Media publishes African Mining Projects in Progress - Second Edition

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... 

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