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Potash News

African Potash appoints drill contractor for Congo asset

By: Natasha Odendaal     23rd June 2014 Aim-listed exploration company African Potash has set July for the start of its maiden 1 000 m diamond drilling programme at its Lac Dinga potash exploration project after appointing Italy-headquartered RCT as the drill contractor. Drilling at the Republic of Congo-based project, which aimed to... 

Beacon Hill to raise £1.5m, investors eye stake

By: Natasha Odendaal     23rd June 2014 Aim-listed Beacon Hill Resources on Monday said it was considering investor interest in acquiring a stake in the company or in its Minas Moatize coking coal project, in Mozambique. The company was working with its adviser, Investec, to assess its options after a number of strategic investors... 

Beacon Hill to raise £1.5m, investors eye stake
Minas Moatize

South Boulder secures export capacity for Eritrea project

By: Esmarie Swanepoel     11th June 2014 Potash hopeful South Boulder Mines has secured access to Anfile Bay, in Eritrea, that would allow the company to store and ship products from its Colluli potash project. The Eritrean Ministry of Energy and Mines ahs made the area available in recognition of the ‘considerable work undertaken by... 

South Boulder secures export capacity for Eritrea project

Mosaic CFO takes reins as CEO Prokopanko takes medical leave

By: Henry Lazenby     30th May 2014 The CEO of US fertiliser and phosphates company Mosaic, James Prokopanko, will take medical leave to undergo surgery to treat cancer, the Plymouth-based fertiliser maker said on Thursday. Mosaic announced that CFO Larry Stranghoener would step in as interim CEO, beginning June 1, the... 

Mosaic CFO takes reins as CEO Prokopanko takes medical leave

Mines undermine workers – BUA

By: Sapa     27th May 2014 Mineworkers have long been undermined and belittled by mining companies, a social rights movement said on Tuesday. "The slave living and working conditions under which mineworkers are exposed cannot be condoned in the current South African constitutional democracy," said Bua Mining Communities... 

Mines undermine workers – BUA

Cabinet too big – Seifsa

By: Sapa     26th May 2014 President Jacob Zuma's new Cabinet is too big and will be too costly, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Monday. "While we understand that Cabinet appointments offer the president an opportunity to reward his supporters and to balance the interests... 

Cabinet too big – Seifsa
Siefsa CEO Kaizer Nyatsumba

DuSolo Fertilizers on fast track to Brazilian phosphate sales

By: Henry Lazenby     24th May 2014 In pursuing its strategic objective of transitioning from fertiliser explorer to producer, TSX-V-listed Brazil-focused DuSolo Fertilizers is on a fast track to production, expecting the first product to leave its flagship 75%-owned Bomfim project’s mine gate before the year is out.. Located in... 

DuSolo Fertilizers on fast track to Brazilian phosphate sales

Arianne Phosphate aspires to strategic success

By: Simon Rees     20th May 2014 Juniors like to dream big, whether it is finding and delineating an attractive project for acquisition, teaming up with a senior partner, or even bringing an operation on stream through their own endeavours. But the gap between aiming high and actually hitting the mark can be a wide one; the... 

Arianne Phosphate aspires to strategic success

Study shows ‘compelling economics’ of Highfield’s Spain project

By: Esmarie Swanepoel     20th May 2014 A prefeasibility study into ASX-listed Highfield Resources’ Javier potash project, in Spain, has estimated that the project would have a net present value of more than $1-billion. Based on a resource of 154-million tonnes, grading 12.9% potassium oxide, the Javier project would have a mine life... 

Study shows ‘compelling economics’ of Highfield’s Spain project

Utah grants water rights for Potash Ridge’s Blawn Mountain project

By: Henry Lazenby     16th May 2014 Canadian potash project developer Potash Ridge on Friday said that its application for water rights at its flagship Blawn Mountain sulphate of potash (SOP) project near Milford, Utah, had been granted, a critical step to advance the project toward construction in 2015. The TSX-listed firm's... 

Utah grants water rights for Potash Ridge’s Blawn Mountain project

Circum acquires 30% of Danakil through Premier deal

By: Leandi Kolver     15th May 2014 Aim-listed Premier African Minerals on Thursday announced that Danakil potash project codeveloper Circum Minerals had exercised its exclusive option to acquire the entire issued share capital of former AgriMinco subsidiary Mandalore Development from Premier, effectively consolidating its... 

Circum acquires 30% of Danakil through Premier deal

Karnalyte Resources announces abrupt change of CEO

By: Henry Lazenby     14th May 2014 TSX-listed potash project developer Karnalyte Resources this week announced that mining veteran Thomas Drolet had replaced Robin Phinney as president and CEO with immediate effect. Karnalyte on Tuesday said that Drolet, with 43 years of experience in Canadian and international business... 

Karnalyte Resources announces abrupt change of CEO
Photo by Karnalyte Resources
Wynyard, Saskatchewan.

MBAC ramp-up marches on, commercial production imminent

By: Henry Lazenby     13th May 2014 Canadian fertiliser producer MBAC Fertiliser Corp on Tuesday said that output from its flagship Itafόs Arraias operations, in Brazil, was ramping up on schedule to declare commercial production in the current quarter. The Toronto-based project developer said that during the three months ended... 

MBAC ramp-up marches on, commercial production imminent
Photo by MBAC Fertiliser Corp
Itafόs

Premier exercises Danakil acquisition option

By: Leandi Kolver     13th May 2014 Aim-listed Premier African Minerals on Tuesday reported that it has exercised the option to acquire Toronto-listed AgriMinco’s entire interest in its subsidiary Mandalore Development, which has a 30% interest in the Danakil potash project, in Ethiopia. The acquisition consideration was estimated,... 

Premier exercises Danakil acquisition option

African Potash set to start exploration drilling at Congo asset

By: Natasha Odendaal     12th May 2014 Aim-listed African Potash plans to kick off a maiden drilling campaign and exploration programme at its Lac Dinga potash project, in the Republic of Congo, during the third quarter of the year after securing the financial and technical resources. The group raised about $1.7-million through a... 

African Potash set to start exploration drilling at Congo asset

Premier Danakil acquisition receives TSX approval

By: Leandi Kolver     9th May 2014 Aim-listed Premier African Minerals on Friday announced that its 30% acquisition of the Danakil potash project, in Ethiopia, from Toronto-listed AgriMinco had been approved by the TSX, following the transaction’s approval by AgriMinco’s independent shareholders. In terms of the C$4.9-million... 

Premier Danakil acquisition receives TSX approval

Premier enters into loan agreement to acquire 30% of Danakil

By: Leandi Kolver     2nd May 2014 Aim-listed Premier African Minerals has concluded the principle terms of a conditional interest-free, term loan of $2.5-million that would enable it to acquire 30% of the Danakil potash project, in Ethiopia, the company said on Friday.  Premier had previously entered into a C$4.9-million option... 

Premier enters into loan agreement to acquire 30% of Danakil

Industry leaders reflect on evolution of SA's mining industry over last two decades

By: Jade Davenport     25th April 2014 The mining industry has, from a historical perspective, played an inherently complex and contradictory role within South Africa’s sociopolitical economy. While the industry has, for more than a century, been the main driver of phenomenal economic growth and industrialisation, it was also partly... 

Industry leaders reflect on evolution of SA's mining industry over last two decades

PotashCorp narrows Q1 profit, sees weaker-than-expected Q2 earnings

By: Henry Lazenby     24th April 2014 The world’s largest potash producer, Potash Corporation of Saskatchewan (PotashCorp), on Thursday reported a 39% slide in net income for the three months ended March 30, but beat analyst expectations and its own guidance for the period. The Saskatoon, Saskatchewan-based company reported... 

PotashCorp narrows Q1 profit, sees weaker-than-expected Q2 earnings

Low international potash import offer sparks flurry in Indian buying

By: Ajoy K Das     22nd April 2014 Indian potash imports are poised for a significant boost in 2014 as the sector saw a flurry of activity to clinch contracts at sharply reduced prices ranging between $320/t to $325/t, which was substantially lower than the $427/t mark recorded last year. According to officials in India’s... 

Low international potash import offer sparks flurry in Indian buying

Worrying technical corner-cutting needs to be nipped in bud   

By: Martin Creamer     17th April 2014 Worrying technical corner-cutting was sneaking into the mining industry and needed to be nipped in the bud, The Mineral Corporation MD Frank Gregory said on Thursday. Speaking to Mining Weekly Online in the attached video interview, the independent and privately owned firm, which offers... 

Worrying technical corner-cutting needs to be nipped in bud
The Mineral Corporation executives including MD Frank Gregory, David Young, Stewart Nupen and Russell Heins speak of worrying technical corner-cutting that is rearing its head in the mining industry, occupational disease and service awards from South African mines. Camerawork & Editing: Nicholas Boyd.

Muskowekwan First Nation votes to approve on-reserve potash project

By: Henry Lazenby     16th April 2014 Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve, located 100 km north-east of Regina, Saskatchewan. The two... 

Muskowekwan First Nation votes to approve on-reserve potash project

IC Potash gets green light for New Mexico SOP project

By: Henry Lazenby     15th April 2014 Potash project developer IC Potash (ICP) has received notice that the US Department of the Interior’s Bureau of Land Management (BLM) had published a record of decision (ROD) approving its plans to build and operate its sulphate of potash (SOP) Ochoa project, located in south-east New Mexico.... 

IC Potash gets green light for New Mexico SOP project

PotashCorp appoints former Inmet boss Tilk as new CEO

By: Henry Lazenby     7th April 2014 The world’s largest potash and crop nutrient producer Potash Corporation of Saskatchewan (PotashCorp) on Monday said that it had appointed former Inmet Mining chief Jochen Tilk as its new president and CEO, effective July 1, to take the reins from outgoing Bill Doyle. After a stint of 27 years... 

PotashCorp appoints former Inmet boss Tilk as new CEO

Mining majors prioritising value over volume as profits, valuations sag

By: Henry Lazenby     4th April 2014 Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... 

Mining majors prioritising value over volume as profits, valuations sag

Verde Potash completes ThermoPotash PFS

By: Henry Lazenby     1st April 2014 TSX-listed Verde Potash on Tuesday revealed robust metrics for its proprietary ThermoPotash (TK) project, in Brazil, saying a prefeasibility study (PFS) had pinned an estimated after-tax net present value of $145.7-million (at a 10% discount rate) to the project. The 1 000 t/d plant would cost... 

Verde Potash completes ThermoPotash PFS
Photo by Verde Potash
ThermoPotash

Verde potash lifts flagship’s resources

By: Henry Lazenby     20th March 2014 Brazil-focused Verde Potash on Thursday reported results from its latest drilling programme at its Cerrado Verde potash project, saying that the results had shown a significant increase in the size of Verde’s resource. The new Cerrado Verde resource represented more than 295-million tonnes of... 

Verde potash lifts flagship’s resources
Photo by Verde Potash
ThermoPotash

Slowing potash output to compound sluggish Saskatchewan economy growth

By: Henry Lazenby     19th March 2014 Growth in the Canadian province of Saskatchewan’s economy is expected to slow this year as a result of an expected drop in agricultural output and slowing potash production, the latest ‘RBC Economics Provincial Outlook’ had found. In its reported released on Wednesday, RBC forecasted real gross... 

Slowing potash output to compound sluggish Saskatchewan economy growth

Verde Potash’s $105m Brazilian govt funding confirmed

By: Henry Lazenby     19th March 2014 Potash and fertiliser development company Verde Potash on Wednesday announced that about $105-million in government funding for its flagship Cerrado Verde project, located within the country’s largest agriculture market, had been confirmed after an appeals period had ended. Verde last month... 

Verde Potash’s $105m Brazilian govt funding confirmed
Photo by Verde Potash
Cerrado Verde

Elemental Minerals ‘disappointed’ as Dingyi offer fails

By: Henry Lazenby     18th March 2014 ASX- and TSX-listed potash project developer Elemental Minerals on Tuesday expressed its dismay at the fact that an off-market takeover offer by Hong Kong Stock Exchange- (SEHK-) listed company Dingyi Group Investment would fail, after a SEHK listing committee upheld a decision to classify the... 

Elemental Minerals ‘disappointed’ as Dingyi offer fails
Photo by Bloomberg
Potash

Verde Potash’s ThermoPotash product found to improve coffee quality

By: Henry Lazenby     12th March 2014 Brazil-focused Verde Potash this week said that tests had established that its proprietary ThermoPotash product results in better quality coffee than when compared with plants fertilised using potassium chloride (KCl). The company on Tuesday reported that when compared with an identical test... 

Verde Potash’s ThermoPotash product found to improve coffee quality
Photo by Verde Potash
Cerrado Verde

Potash requires moderate approach to pricing – analyst

By: Mariaan Webb     28th February 2014 Potash producers will have to follow a moderate approach to pricing and could risk choking off demand for the key crop ingredient if they set their sights too quickly on regaining a price level of $400/t to $500/t, says London-based analyst Paul Burnside, of CRU. 

Potash requires moderate approach to pricing – analyst
Photo by Bloomberg
An employee uses the light from a head torch to illuminate the machine cut walls of a potash mine operated by Uralkali, in Russia

Wits introducing oil and gas degree to meet new needs

By: Martin Creamer     27th February 2014 The University of the Witwatersrand intends introducing a bachelor of science (BSc) degree in oil and gas engineering in anticipation of growing demand for hydrocarbons expertise, as South Africa prepares to firm up its legislative framework for the exploitation of natural gas. Professor Sunny... 

Wits introducing oil and gas degree to meet new needs
Photo by Duane Daws
Susan Shabangu

MBAC stocks rise on improved long-term guidance

By: Henry Lazenby     24th February 2014 Canadian fertiliser producer MBAC Fertiliser Corp on Monday witnessed a rising share price on the TSX after the company announced that it planned to significantly lift output from its flagship Itafόs Arraias operations, in Brazil, over the next three years, on the back of strong demand and higher... 

MBAC stocks rise on improved long-term guidance
Photo by MBAC Fertilizer
Itafos

Verde Potash to receive about $105m from Inova Agro

By: Henry Lazenby     19th February 2014 In its quest to become fertiliser independent by 2020, the Brazil government has enabled a pathway to production for project developer Verde Potash, entrepreneur Christiano Veloso told Mining Weekly Online on Wednesday. Veloso, who founded the company in 2005 at the age of 23, said the... 

Verde Potash to receive about $105m from Inova Agro
Photo by Verde Potash
Cerrado Verde

Brazilian government to help pay for potash mine

By: Henry Lazenby     18th February 2014 Brazil-focused fertiliser development firm Verde Potash on Tuesday said the Brazilian government would help fund construction of its flagship Cerrado Verde project, located within the country’s largest agriculture market. The company announced that the project was selected to receive financing... 

Brazilian government to help pay for potash mine
Photo by Verde Potash
Cerrado Verde

Danakil project completes maiden mineral resource estimate

By: Leandi Kolver     12th February 2014 A maiden N1 43-101 compliant mineral resource estimate (MRE) has been completed for the Danakil potash project, in Ethiopia, following the completion of the project’s Phase 1 exploration programme, Aim-listed Premier African Minerals announced on Wednesday. The project is 30%-owned by TSX-listed... 

Danakil project completes maiden mineral resource estimate

Mosaic announces $1bn share buy-back despite 79% Q4 profit slump

By: Henry Lazenby     12th February 2014 US fertiliser and phosphates company Mosaic on Tuesday reported a 79% slump in fourth-quarter earnings, as soft demand and weak prices hindered its performance. However, a strong 2014 outlook and a $1-billion top up its $2-billion share buyback programme announced in December buoyed the... 

Mosaic announces $1bn share buy-back despite 79% Q4 profit slump

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