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Potash News

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... 

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

New private equity with a difference has $750m firepower for mining

By: Martin Creamer     7th February 2014 A new class of private equity, with a deeper understanding of mining’s needs, was launched officially last week with $750-million to deploy in the mining space. London-based Appian Capital Advisory, founded by former JP Morgan mining team member Michael Scherb, spoke to Mining Weekly Online on... 

New private equity with a difference has $750m firepower for mining

Early-stage explorers and prospect generators tapped for performance in 2014

By: Henry Lazenby     20th January 2014 Despite the thorny down-market the junior exploration sector has been dealing with over the past 18 months, several companies had been rewarded for their performances. The problem is, however, that the industry has not delivered a lot of performance, Sprott US Holdings chairperson Rick Rule told... 

Early-stage explorers and prospect generators tapped for performance in 2014

Junior resource investment could result in handsome profits as markets turn

By: Henry Lazenby     20th January 2014 The cyclical resources market holds ample potential to ensure the savvy investor abundant returns, and if the timing of market pullbacks and expansions could be predicted, many more investors would be rich. However, author of the Resource Opportunities newsletter, Lawrence Roulston, on Sunday... 

Junior resource investment could result in handsome profits as markets turn

Verde Potash appoints distinguished new board member 

By: Henry Lazenby     14th January 2014 Brazil-focused potash project developer Verde Potash on Tuesday said it had appointed Alysson Paulinelli, the president of the Brazilian Association of Corn Producers to its board to replace Richard Garnett, who would be retiring for personal reasons, after serving as a director since 2011, and... 

Verde Potash appoints distinguished new board member

Mosaic completes first tranche of $2bn share buy-back

By: Henry Lazenby     9th January 2014 US fertiliser company Mosaic on Wednesday announced that it had acquired the first tranche of 21.65-million restricted Class A shares from the Margaret A Cargill Foundation and the Anne Ray Charitable Trust in a roughly $2-billion purchase over eight months. This share repurchase was part of the... 

Mosaic completes first tranche of $2bn share buy-back

Mosaic completes first tranche of $2bn share buy-back

By: Henry Lazenby     9th January 2014 US fertiliser company Mosaic on Wednesday announced that it had acquired the first tranche of 21.65-million restricted Class A shares from the Margaret A Cargill Foundation and the Anne Ray Charitable Trust in a roughly $2-billion purchase over eight months. This share repurchase was part of the... 

Karnalyte collects water licence and approval to operate works

By: Henry Lazenby     12th December 2013 TSX-listed potash project developer Karnalyte Resources on Thursday achieved another step forward to bring its Wynyard carnallite project, in Saskatchewan, to fruition, after announcing that it had received the water rights licence to use ground water (WRL) and the approval to operate works (ATO)... 

Karnalyte collects water licence and approval to operate works
Photo by Karnalyte Resources
Wynyard

PotashCorp cuts workforce by 18% as low potash prices linger

By: Henry Lazenby     3rd December 2013 Canada’s Potash Corp of Saskatchewan (PotashCorp), the world’s largest fertiliser company, would cut 18% from its workforce in Canada, the US and Trinidad, as it grappled with subdued demand, particularly from critical developing markets, where growth had been less robust than expected, and low... 

PotashCorp cuts workforce by 18% as low potash prices linger

Orocobre lowers, completes A$30m placement

By: Henry Lazenby     28th November 2013 ASX- and TSX-listed Orocobre on Thursday said it had decided to not allocate shares to Canadian applicants under its A$37-million placement on the ASX, which had reduced the placement to A$30-million. Orocobre explained its action was owing to a potential four-month trading restriction... 

Orocobre lowers, completes A$30m placement

SA seeks closer Canadian ties as overhaul of mining sector continues

By: Simon Rees     27th November 2013 The South African government is keen to foster closer ties with Canada’s mining industry and to attract Canadian expertise, two top government officials told audience members at the Canada-Southern Africa Chamber of Business on November 26. The country is also committed to continue improving its... 

SA seeks closer Canadian ties as overhaul of mining sector continues

Verde Potash gets ThermoPotash certified globally

By: Henry Lazenby     25th November 2013 Brazil-focused potash project developer Verde Potash on Monday announced that IBD Certifications, the largest certifier in Latin America and the only Brazilian certifier of organic products with global credentials had approved its ThermoPotash product for use on organic crops. Traditional potash,... 

Verde Potash gets ThermoPotash certified globally

Mosaic posts sharply lower Q3 earnings

By: Henry Lazenby     5th November 2013 Plymouth, Minnesota-based crop nutrients producer Mosaic Company on Tuesday reported a 70% drop in third-quarter profit as the prevailing cautious market defers buying in expectation of lower prices, following the unexpected July unravelling of the world's largest potash cartel, the Belarus... 

Stonegate Agricom announces $60m equipment loan

By: Henry Lazenby     28th October 2013 TSX-listed Stonegate Agricom, which is developing the Paris Hills phosphate project in Bear Lake County, Idaho, on Monday announced that it had given financing major Macquarie an exclusive mandate to act as lead arranger for arranging, underwriting and syndicating an equipment leasing facility... 

Potash volumes to increase in 2014, market waiting for price drop

By: Henry Lazenby     28th October 2013 Global potash sales had weakened in the past several months as consumers delayed purchases in expectation of lower future prices, US-based potash project developer Prospect Global Resources said on Monday. The Nasdaq-listed company, which at the start of the month received an air quality control... 

Mosaic buys CF Industries’ phosphate business for $1.2bn

By: Henry Lazenby     28th October 2013 US fertiliser producer Mosaic on Monday announced that it had signed a definitive accord to buy CF Industries’ phophate business for $1.2-billion in cash. The company would also pay $200-million to fund CF Industries' asset retirement obligation escrow. 

PotashCorp says market caution to blame for Q3 earnings dip

By: Henry Lazenby     24th October 2013 The world’s largest potash and crop nutrient producer, Canada’s Potash Corporation of Saskatchewan (PotashCorp), on Thursday said the unexpected July unravelling of the world's largest potash cartel, the Belarus Potash Company (BPC), had resulted in a “predictable”, extremely cautious market... 

Allana Potash gets Ethiopian large-scale mining licence

By: Henry Lazenby     18th October 2013 Project developer Allana Potash on Thursday announced that it had last week received the large-scale mining licence from Ethiopian authorities it needed to proceed directly to contracting, construction and operations at its $642-million Danakhil potash project. Allana said that following... 

MBAC Fertilizer reports robust economics for Brazil project

By: Henry Lazenby     17th October 2013 TSX-listed MBAC Fertilizer on Thursday reported positive results from a feasibility study for the Santana phosphate project, located in Brazil’s Para state, attaching an after-tax net present value of $396-million to the project, which was slated to cost about $426.7-million to build. The... 

IC Potash expects to finalise feasibility study by December

By: Henry Lazenby     10th October 2013 US-focused potash project developer IC Potash (ICP) on Thursday said it expected to complete a feasibility study on its flagship Ochoa sulphate of potash (SOP) project, in south-eastern New Mexico, by December, which would pave the way for management to continue financing negotiations with... 

Cameco’s Gitzel joins Mosaic board

By: Henry Lazenby     4th October 2013 Canadian uranium miner Cameco’s CEO Tim Gitzel was this week appointed to US fertiliser giant The Mosaic Company’s board, filling a vacancy left by Harold MacKay’s retirement. Gitzel had served as Cameco's president and CEO since 2011. He joined Cameco, one of the world's largest uranium... 

Prospect Global Resources gets air permit for Arizona project

By: Henry Lazenby     2nd October 2013 Potash project developer Prospect Global Resources on Wednesday announced that it had received its air quality control permit for the construction and operation of an underground potash mine and surface processing facilities from the Arizona Department of Environmental Quality. The company said... 

Prospect Global Resources appoints board members

By: Henry Lazenby     30th September 2013 Potash project developer Prospect Global Resources on Monday said it had appointed Daniel Neumann and Reed Dickens to its board, to replace Marc Holtzman, ZZ Qiu and Conway Schatz who had resigned. Neumann brings 16 years of finance experience, the majority of which was at financial services... 

Verde Potash project in the running for Brazil govt funding

By: Henry Lazenby     23rd September 2013 TSX-listed Verde Potash on Monday said a special financing programme of the Brazilian government, Inova Agro, had selected the company to advance to the next round of evaluation in the process to secure financing for Phase 1 of the Cerrado Verde project. The proposed 1 000 t/d first-phase plant... 

Karnalyte cleared to start permitting for Saskatchewan flagship

By: Henry Lazenby     19th September 2013 Saskatchewan-focused potash project developer Karnalyte Resources on Thursday announced that the provincial Environment Ministry had given it the green light to proceed with construction permitting for the Wynyard carnallite project, after the company had cleared all conditions set out in its... 

Mosaic lowers Q3 price and volume guidance as market softens

By: Henry Lazenby     17th September 2013 US fertiliser producer Mosaic on Monday said domestic and international crop nutrient markets have softened since July, in part as a result of the distributors' cautiousness caused by the Belarusian Potash Company (BPC) break-up, prompting the company to lower its third-quarter price and volume... 

Verde Potash reports positive results from new ThermoPotash trials

By: Henry Lazenby     12th September 2013 Brazil-focused Verde Potash on Thursday reported positive results for a field test of a new potash product called ThermoPotash (TK), which the company plans to produce, with coffee crops. The trial indicated that TK was more efficient in delivering potassium than potassium chloride (KCl),... 

ARM’s Motsepe confident SA will get through current labour impasse 

By: Martin Creamer     2nd September 2013 South Africa would get through its current labour impasse and emerge as a competitive global investment destination, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Monday. Motsepe was responding to Mining Weekly Online after his black-led diversified mining company... 

Verde Potash reveals new phased development for Brazil project

By: Creamer Media Reporter      21st August 2013 Brazilian fertiliser development company Verde Potash now plans to undertake the development of its Cerrado Verde potash project, in Minas Gerais, Brazil, in a phased approach. The company on Wednesday revealed details of its new strategic direction for the project, saying it has moved away from... 

South Africa all but off BHP Billiton’s radar screen 

By: Martin Creamer     21st August 2013 South Africa has all but fallen off the radar screen of BHP Billiton, the world’s biggest mining company, which on Tuesday reported an 8.7% fall in revenue to $65.9-billion for the year ended June. The name of the country did not cross the lips of new CEO Andrew Mackenzie and one got the... 

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