K + S OKs C$3.35bn Sask. potash mine

German fertiliser-maker K + S Aktiengesellschaft on Tuesday hiked the capital costs of its Legacy potash project in Saskatchewan by 30% to C$3.25-billion, as it envisaged a bigger, 2.86-million t/y mine. K+S bought the Legacy project through its...

Western Potash leaps 17%, sparking acquisition rumours

Shares in Western Potash Corp, hoping to mine the fertiliser ingredient in Saskatchewan, bounded 17% higher in Toronto on Tuesday, prompting speculation a takeover may be on the cards following the imminent release of its Milestone project's...

Feasibility study in hand, Karnalyte turns focus to financing

Shares in potash hopeful Karnalyte Resources hit a new high on Monday, after the company published a positive feasibility study for its Wynyard project in Saskatchewan, outlining a 625 000 t/y mine with initial output in 2014, costing just under...

Potash junior Karnalyte rises on big resource boost

Shares in TSX-listed Karnalyte Resources rose 4.5% to a new record on Thursday, after the potash explorer increased the resource at its Wynyard project in Saskatchewan more than three-fold to 201.3-million tons. BMO Capital Markets analyst Joel...

Potash prices could beat $650/t by end 2012

As the supply-demand equation for potash continues to tighten, prices will continue to climb, analysts said on Tuesday, with one predicting they may even top $650/t by the end of next year. “The average spot price of potash should climb to at...

Karnalyte starts study on magnesium production

Potash hopeful Karnalyte Resources said on Tuesday it hired Lyntek Incorporated to study the potential of producing magnesiu m chloride at its Wynyard project in Saskatchewan. The company said it would be extracting the material when mining...

New potash entrant Karnalyte ponders 6Mt production

Karnalyte Resources, which debuted on the TSX in December, aims on producing 500 000 t/y of potash at its Wynyard project in Saskatchewan, but CEO Robin Phinney said on Thursday this could eventually climb as high as six-million tons a year. The...