http://www.miningweekly.com
R/€ = 15.91 Change: 0.03
R/$ = 13.44 Change: 0.04
Au 1243.94 $/oz Change: 6.10
Pt 882.00 $/oz Change: 4.50
 

Potash News

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby     24th February 2015 Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

Elemental targets 2019 start at Dougou

By: Esmarie Swanepoel     17th February 2015 Potash developer Elemental Minerals is aiming to start production from its Dougou project,in the Republic of Congo, in 2019. The ASX-listed company on Tuesday released the results of a scoping study into the project, which indicated that a capital investment of $430-million would be require to... 

Mosaic nearly triples Q4 earnings on the back of robust fertiliser demand

By: Henry Lazenby     11th February 2015 The NYSE-listed stock of The Mosaic Company rose on Wednesday after the US-based concentrated phosphate and potash crop nutrients producer reported that fourth-quarter earnings had almost tripled year-over-year on the back of strong fertiliser demand. The Plymouth, Minnesota-based company noted... 

Optimisation study finds cost savings for Arianne’s Lac-à-Paul

By: Henry Lazenby     5th February 2015 An optimisation study has identified a cost reduction of almost 5% with regard to the planned phosphate concentrate production at Quebec-focused project developer Arianne Phosphate's Lac-à-Paul project, in Quebec. Arianne's October 2013 feasibility study expected the free-on-board Port of... 

PotashCorp lifts dividend on outlook optimism, Q4 profit rises 75%

By: Henry Lazenby     29th January 2015 The world’s most significant fertiliser producer PotashCorp of Saskatchewan has lifted its quarterly cash dividend by about 9% on the back of a confident sector outlook as its potash expansion programme was nearing completion. The Saskatoon, Saskatchewan-based miner on Wednesday declared a cash... 

PotashCorp lifts dividend on outlook optimism, Q4 profit rises 75%

Stonegate Agricom halts work on Idaho project permitting as coffers empty

By: Henry Lazenby     27th January 2015 Phosphate project developer Stonegate Agricom has temporarily halted permitting activities at its Paris Hills project, in Idaho, citing financial constraints. The TSX-listed firm noted on Monday that third-party consultants appointed to finalise the groundwater model for permitting applications,... 

Danakil DFS to potentially uplift value of Premier’s interest in Circum

     23rd January 2015 Circum Minerals expects to complete the definitive feasibility study (DFS) for its Danakil potash project, in the northern margin of the Danakil depression, in Ethiopia, by mid-year and foresees the production of 2.75-million tonnes a year of saleable potash salts over a minimum of 30 years.... 

Investors to blame for supporting dithering juniors

By: Henry Lazenby     20th January 2015 In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

Potash West improves Dinner Hill economics

By: Esmarie Swanepoel     13th January 2015 A scoping study by ASX-listed Potash West into its proposed Dinner Hill phosphate project, in Western Australia, has again improved the project economics. A previous economic model of the Dinner Hill project had estimated the project’s net present value (NPV) to be around A$331-million, with the... 

Premier receives final $1m for Danakil

By: Megan van Wyngaardt     12th January 2015 Aim-listed Premier African Minerals has received the final $1-million tranche from potash developer Circum Minerals as payment for a 30% interest in the Danakil potash project, in Ethiopia. In May last year, Premier acquired Mandalore Development, which held a 30% stake in the project, from... 

Karnalyte Resources in talks for $700m financing, announces special shareholder meeting

By: Henry Lazenby     2nd January 2015 Potash project developer Karnalyte Resources inked an engagement letter with an Indian financial institution in October last year to help arrange $700-million to develop the Wynyard carnallite-sylvite project, in Saskatchewan. The company said on Friday that the investment capital was expected to... 

Management-shuffling Karnalyte receives meeting request from activist shareholders

By: Henry Lazenby     19th December 2014 Saskatchewan-focused potash project developer Karnalyte Resources on Thursday said it had received a shareholder-meeting requisition from company founder, former president, CEO and director Robin Phinney. TSX-listed Karnalyte said the board was asked to call a special shareholder meeting to... 

South Boulder sets up pilot plant for Colluli

By: Esmarie Swanepoel     11th December 2014 Potash developer South Boulder Mines has started pilot testing of the process design of its Colluli project, in Eritrea, at the Saskatchewan Research Council, in Canada. South Boulder MD Paul Donaldson said on Thursday that the pilot plant would use potassium-bearing salts from the Colluli... 

Drill results point to multiple potash seams at Lac Dinga

By: Natalie Greve     9th December 2014 Recent assay results from Aim-listed African Potash’s Lac Dinga potash project, in the Republic of Congo, have confirmed the presence of multiple potash seams which the company believes are characteristic of the Congolese coastal basin and further underpin the project’s potential to host... 

Colluli PFS will determine project balance – South Boulder CEO

By: Leandi Kolver     3rd December 2014 The prefeasibility study (PFS) of ASX-listed South Boulder Mines’ (SBM’s) Colluli project, in Eritrea, was an exercise of scale through which the company would determine the correct balance between risk mitigation, fundability and the economic return of the project, South Boulder CEO and MD Paul... 

Vale approves 2015 capex budget of $10.2bn

By: Henry Lazenby     2nd December 2014 The board of Brazil-based diversified miner Vale has approved an investment budget for new and sustaining projects of $10.2-billion for 2015, representing the fourth consecutive year in which Vale has reduced its capital expenditure (capex), as it deals with low iron-ore prices. Iron-ore prices... 

Cartesian invests in IC Potash subsidiary

By: Creamer Media Reporter      26th November 2014 Cartesian Capital Group has made a $10-million strategic investment in project developer IC Potash (ICP) subsidiary Intercontinental Potash Corp USA (ICPUSA), which owns the Ochoa sulphate of potash project, in New Mexico. Cartesian had acquired 500 000 class A preferred shares of ICPUSA at a... 

Premier receives further $1m for Danakil disposal

By: Creamer Media Reporter      12th November 2014 Aim-listed Premier African Minerals has received a further $1-million from Circum Minerals in relation to the disposal of its interest in the Danakil potash project, in Ethiopia. Premier, in May, acquired Mandalore Development, which held a 30% stake in the Danakil project, from AgriMinco. 

Cape Alumina doubles MetroCoal debt

By: Esmarie Swanepoel     27th October 2014 Takeover target Cape Alumina has doubled the unsecured debt financing provided by fellow-listed MetroCoal to progress its Bauxite Hills project, in Queensland. As part of a takeover offer launched in August, MetroCoal provided Cape Alumina with A$250 000 debt financing to progress the Bauxite... 

Agrium stock surges as activist investor amasses sizeable position

By: Henry Lazenby     25th October 2014 Canadian fertiliser producer Agrium's stock rose 7.46% on the NYSE on Friday after San Francisco-based activist investor ValueAct Capital Management disclosed a 5.7% stake in the Canadian fertiliser giant in a Securities and Exchange Commission filing. Starting in August, ValueAct amassed about... 

Agrium stock surges as activist investor amasses sizeable position

Vale lifts Q3 iron-ore output to historic highs

By: Henry Lazenby     23rd October 2014 Diversified Brazil-based miner Vale on Thursday reported record iron-ore output for the third quarter ended September 30, boosted by quarter-on-quarter gains in all its business segments. Vale said iron-ore output was 85.7-million tonnes in the period, underpinned by the ramp-ups of Plant 2 at... 

Vale lifts Q3 iron-ore output to historic highs

PotashCorp reports lower Q3 income on higher taxes, disappointing offshore investments

By: Henry Lazenby     23rd October 2014 The world’s largest fertiliser company PotashCorp of Saskatchewan on Thursday reported lower third-quarter earnings for the three months ended September 30, as increased taxes and a disappointing performance from its offshore investments weighed on results. The Saskatoon, Saskatchewan-based... 

PotashCorp reports lower Q3 income on higher taxes, disappointing offshore investments

Elemental halves Congo capex in refigured project plan

By: Esmarie Swanepoel     23rd October 2014 Potash developer Elemental Minerals on Thursday announced a new capital estimate of $908-million for the development of its Sintoukola sylvinite (Kola) project, in the Republic of Congo. This compares with an initial capital estimate of $1.85-billion in the 2012 prefeasiblity study (PFS), which... 

MBAC stock surges on loan maturity extensions, liquidity update

By: Henry Lazenby     22nd October 2014 The TSX-listed stock of Brazil-focused fertiliser producer MBAC Fertilizer on Wednesday jumped by as much as 157%, or C$0.11, after the struggling company reported that it had signed final agreements with its senior lenders to extend the maturity of its loans and defer related interest and... 

Second drill hole at Lac Dinga confirms potash mineralisation

By: Natalie Greve     21st October 2014 Sub-Saharan Africa-focused African Potash has intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project, in the Republic of Congo. The latest drill hole, which was completed at one of two delineated target locations, intersected a 112-m-thick salt... 

PFS drilling at South Boulder’s Colluli completed ahead of schedule

By: Leandi Kolver     15th October 2014 ASX-listed South Boulder Mines on Wednesday announced that prefeasibility study (PFS) level drilling at its Colluli potash project, in Eritrea, had been completed ahead of schedule. This early completion of the PFS section of the drilling programme enabled the finalisation of the mining study and... 

DuSolo permitted to start production from Brazil flagship

By: Henry Lazenby     14th October 2014 Brazil-focused DuSolo Fertilizers on Tuesday announced that it had received the final mining permit required to start mining and processing high-grade phosphate, discovered at the Santiago target of its Bomfim project, into direct application natural fertiliser (DANF). The company explained that... 

DuSolo permitted to start production from Brazil flagship

Eritrea potash project primed to service budding market, says developer

By: Natalie Greve     13th October 2014 Sydney-listed South Boulder Mines MD Paul Donaldson says the company’s developing Eritrea-based Colluli potash project is well positioned to supply what he believes will be a likely increase in global demand for potassium chloride and potassium sulphate, which are chiefly used as fertilisers.... 

Eritrea potash project primed to service budding market, says developer

Noble agrees to fund Australian Bauxite’s Tasmania project

By: Esmarie Swanepoel     13th October 2014 ASX-listed Australian Bauxite has secured up to A$8-million in financing for the development of its Tasmanian project, from commodities group Noble Resources. Under the terms of the agreement, Noble would provide Australian Bauxite with A$6-million in project finance, as well as a A$2-million... 

Australian Bauxite hunts for Bald Hill funding

By: Esmarie Swanepoel     7th October 2014 ASX-listed junior Australian Bauxite said on Tuesday it was in negotiations with a number of parties to finance its Bald Hill mine, in Tasmania. The negotiations were currently focused on clarifying key terms for a number of agreements on offer, the company stated. 

South Boulder improves plant design efficiency at Eritrea project

By: Natalie Greve     6th October 2014 Following the successful completion of metallurgical testwork that eliminated certain grinding and thickening infrastructure from the initial process design, Sydney-listed South Boulder Mines has finalised the feasibility study processing plant design for the Colluli potash project in Eritrea.... 

South Boulder improves plant design efficiency at Eritrea project

Potash Ridge secures potential acid offtake and marketing partner

By: Henry Lazenby     3rd October 2014 Canadian potash project developer Potash Ridge on Friday reported that a subsidiary of the company had signed a nonbinding memorandum of understanding (MoU) regarding a potential offtake and marketing arrangement with a third-party marketer for the sulphuric acid output from its Blawn Mountain... 

Sirius signs Tanzania fertiliser MoU

By: Leandi Kolver     25th September 2014 Potash development company Sirius Minerals and Tanzania State-owned business Tanzania Fertilizer Company (TFC) have signed a memorandum of understanding (MoU) to establish and formalise a joint venture (JV) to blend and distribute polyhalite-based fertiliser products in Tanzania and the... 

Sirius signs Tanzania fertiliser MoU

Once more Karnalyte Resources shuffles CEO

By: Henry Lazenby     24th September 2014 Saskatchewan-focused potash project developer Karnalyte Resources on Wednesday announced a second change in top management this year, adding that it had launched a search for a permanent president and CEO, which it expected to appoint in the next two months. TSX-listed Karnalyte, which is looking... 

Once more Karnalyte Resources shuffles CEO

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby     19th September 2014 The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

MBAC’s Itafós operation achieves new daily SSP output record

By: Creamer Media Reporter      18th September 2014 Brazil-focused fertiliser producer MBAC Fertilizer on Wednesday reported that it had reached a new daily record production of 1 700 t of single super phosphate (SSP) fertiliser at its Itafós operation. This also exceeded the expected daily production amount that the operation had been designed for. 

MBAC restarts SSP production after working capital drought

By: Henry Lazenby     12th September 2014 Brazil-focused fertiliser producer MBAC Fertilizer this week announced that it had restarted continuous single super phosphate (SSP) production at its Itafós operations, in Brazil, after receiving funds from the Santander working capital facility at the end of August. MBAC last month reported... 

MBAC restarts SSP production after working capital drought

African Potash to issue new shares following exercise of $200 000 convertible security

By: Leandi Kolver     12th September 2014 Aim-listed African Potash on Friday announced that it had received notice of exercise in respect of $200 000 of convertible security issued last month, pursuant to which 4.89-million ordinary shares now had to be issued. The $200 000 security exercised was part of the $3.75-million in convertible... 

African Potash to issue new shares following exercise of $200 000 convertible security

Latest News

more

Latest Videos

more

Research Reports

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close