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Potash News

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

The quest for improved agricultural productivity spurs investor interest

By: Henry Lazenby     11th September 2014 Rising demand for protein and more sophisticated diets in developing countries are spurring investors to get excited about investing in fertilisers. The ‘protein story’ was still providing a good thesis for investment, as the developing world continued to consume more meat and dairy products,... 

The quest for improved agricultural productivity spurs investor interest

DuSolo gets operational licence for part of Bomfim project, Brazil

By: Henry Lazenby     28th August 2014 Brazil-focused DuSolo Fertilizers has received an operating licence for a part of its Bomfim project, in Brazil, allowing it to extract phosphate at the Santiago target. The TSX-V-listed project developer on Thursday noted that Naturatins, or the Environmental Agency of Tocantins state, granted... 

DuSolo gets operational licence for part of Bomfim project, Brazil

MBAC extends debt maturity dates, secures $18.2-million working capital

By: Henry Lazenby     27th August 2014 Brazil-focused fertiliser producer MBAC Fertilizer made strides in addressing its liquidity position after successfully reprofiling its debt obligations and securing an $18.2-million working capital loan. The TSX-listed company had been struggling with lower-than-expected working capital levels,... 

MBAC extends debt maturity dates, secures $18.2-million working capital

MetroCoal funding to keep Bauxite Hills going

By: Esmarie Swanepoel     27th August 2014 Bauxite developer Cape Alumina has secured A$250 000 debt financing from major shareholder MetroCoal to progress its Bauxite Hills project, in western Cape York, Queensland. The junior company reported on Wednesday that the loan would enable Cape Alumina to preserve its existing cash resource,... 

MetroCoal funding to keep Bauxite Hills going

FIRB approves Metallica JV

By: Esmarie Swanepoel     27th August 2014 The Foreign Investment Review Board (FIRB) has approved a joint venture (JV) between ASX-listed Metallica Minerals and China’s Ozore Resources. Under the JV, Ozore would provide about A$7.5-million in funding to develop Metallica’s Urquhart Point heavy mineral sands (HMS) project, in Cape York,... 

FIRB approves Metallica JV

Verde Potash reports ‘clear sight’ on available lines of credit

By: Henry Lazenby     13th August 2014 Brazilian potash project developer Verde Potash on Wednesday reported that the Brazilian Development Bank (BNDES) had briefed it on its available lines of credit to construct the 330 000 t/y ThermoPotash (TK) plant that would start as soon as all required permits were in hand. Verde in March... 

Verde Potash reports ‘clear sight’ on available lines of credit

AMEC Americas to undertake Ethiopia potash project design

By: Creamer Media Reporter      13th August 2014 TSX-listed Allana Potash has appointed engineering and project management company AMEC Americas to undertake the front-end engineering design (Feed) on its one-million-tonne-a-year muriate of potash (MoP) Danakil project in Ethiopia. This comes as preparatory work gets under way in anticipation... 

AMEC Americas to undertake Ethiopia potash project design

K+S Potash Canada appoints ABB to supply Legacy automation solution

By: Henry Lazenby     12th August 2014 Germany's K+S Potash Canada, the world's fourth-largest potash miner, has awarded a contract to supply a modern automation solution for its greenfield Legacy mine, in Saskatchewan, to power and automation technology group ABB. The C$4.1-billion Legacy project, near Bethune, Saskatchewan, would be... 

K+S Potash Canada appoints ABB to supply Legacy automation solution

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

By: Henry Lazenby     12th August 2014 Despite professional services firm EY’s quarterly ‘Canadian Mining Eye’ index having gained only 9% in the three months ended June 30, the index outperformed the S&P/TSX composite index, which gained only 6% during the second quarter, and the London Metal Exchange (LME) index, which gained 7%... 

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

Cape Alumina eyes DSO operation at Bauxite Hills

By: Esmarie Swanepoel     11th August 2014 Bauxite developer Cape Alumina has reported a 19.85-million tonne direct shipping ore (DSO) inferred resource at its Bauxite Hills project, in Queensland. The inferred DSO resource was in addition to the previously announced beneficiated bauxite inferred resource of 15.1-million tonnes, and an... 

Cape Alumina eyes DSO operation at Bauxite Hills

M&A deals to continue in H2 as companies take advantage of perceived low prices

By: Henry Lazenby     9th August 2014 The market can expect continued unsolicited merger-and-acquisition (M&A) activity during the second half of the year, driven by companies trying to take advantage of what they perceive to be lower target valuations and prices, Fasken Martineau partner and global mining group leader John Turner... 

M&A deals to continue in H2 as companies take advantage of perceived low prices

African Potash secures $3.7m to support Lac Dinga development

By: Natasha Odendaal     8th August 2014 Aim-listed African Potash has secured up to $3.75-million in convertible securities to support the development of its Lac Dinga potash project, in the Republic of Congo. The exploration company entered into a convertible securities issuance deed with Bergen Opportunity Fund, an institutional... 

African Potash secures $3.7m to support Lac Dinga development

African Potash starts drilling at Lac Dinga

By: Leandi Kolver     5th August 2014 Aim-listed exploration company African Potash has started drilling the first hole at its Lac Dinga project, in the Republic of Congo. The initial hole, which is planned to a depth of about 500 m below surface, is the first of a two-hole rotary/core drilling programme that will test two... 

African Potash starts drilling at Lac Dinga

PotashCorp lifts profit outlook, Q2 earnings beat expectations

By: Henry Lazenby     25th July 2014 Canadian fertiliser producer Potash Corp of Saskatchewan (PotashCorp) this week reported a near 27% drop in second-quarter profit at $472-million, or $0.56 a share, as lower potash prices dragged revenue down. However, the results for the period ended June 30 beat analyst expectations and... 

PotashCorp lifts profit outlook, Q2 earnings beat expectations

Brazil-based potash project in development phase

By: Jonathan Rodin     25th July 2014 Brazil-based fertiliser development company Verde Potash is focusing on securing an environmental licence for its Cerrado Verde potash project, which is currently in the development stage, in Brazil’s Minas Gerais province. Verde Potash CEO Cristiano Veloso tells Mining Weekly that the company... 

Brazil-based potash project in development phase
Photo by Verde Potash
POSITIVE RESULTS Verde Potash published a positive update in March on Cerrado Verde’s measured and indicated resource

Arianne Phosphate lifts Quebec resource base

By: Henry Lazenby     18th July 2014 TSX-V-listed Arianne Phosphate, which is developing the Lac à Paul project, in Quebec, this week reported that its 2014 drilling programme had enabled it to significantly lift its flagship project’s compliant inferred resources. The Saguenay, Quebec-based firm on Wednesday said it had added... 

Arianne Phosphate lifts Quebec resource base

Elemental secures bigger stake of Sintoukola

By: Esmarie Swanepoel     14th July 2014 unior potash explorer Elemental Minerals has secured the balance of its Sintoukola project, in the Republic of Congo, by agreeing to acquire the minority holders' direct stake in the project. Elemental would issue the minority shareholders new shares in the company, based on their relative... 

Metallica identifies 15 bauxite targets in Cape York

By: Esmarie Swanepoel     11th July 2014 ASX-listed Metallica Minerals has announced its intention to expand its focus from mineral sands to include bauxite, identifying 15 priority targets over its Cape York tenement package, in Queensland. An evaluation and drill campaign has been scheduled for September, and Metallica told... 

Metallica identifies 15 bauxite targets in Cape York

KPC buys potash project in Kazakhstan

By: Esmarie Swanepoel     7th July 2014 Melbourne-based Kazakhstan Potash Corporation (KPC) has signed a sales and purchase agreement to acquire the Satimola potash deposit, in Kazakhstan for $140-million. As part of the agreement, KPC would also issue the project holder Satimola with a $19-million loan to provide working capital and... 

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... 

African Potash appoints drill contractor for Congo asset

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

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