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Potash News

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 2 hours 6 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Equatorial supports Salt Lake raising

By: Esmarie Iannucci     2nd July 2020 Potash developer Salt Lake Potash will raise A$15-million through the placement of unsecured zero-coupon convertible notes to fund the continued development of its Lake Way project, in Western Australia. The ASX-listed miner on Thursday said that it had received firm commitments from corporate... 

Mardie DFS proves positve for BCI

By: Esmarie Iannucci     1st July 2020 A definitive feasibility study (DFS) on the Mardie salt and potash project, in Western Australia, has confirmed that the project could become a globally significant Tier 1 project. The DFS, released by owner BCI Minerals on Wednesday, noted that the project could produce 4.4-million tonnes a... 

Emmerson appoints Graham Clarke CEO

By: Simone Liedtke     29th June 2020 Morocco-focused potash development company has appointed Graham Clarke as its new CEO, effective from July 1. Clarke is an experienced fertiliser industry executive with 26 years’ experience in underground potash mining and a proven ability to attract talent and build operating teams with the... 

Maaden phosphate unit signs $4.1bn finance deal

By: Bloomberg     22nd June 2020 Saudi Arabian Mining said its phosphate unit signed an accord with a group of lenders to refinance and reschedule debt worth $4.1-billion. Maaden Waad Al Shamal Phosphate will refinance $2.3-billion owed to a syndicate of commercial banks and financial institutions, according to a statement. It... 

Maaden phosphate unit signs $4.1bn finance deal

Danakali advancing EPCM work at Eritrea potash project

By: Simone Liedtke     22nd June 2020 Preliminary materials have been delivered by DRA Global to ASX- and LSE-listed Danakali’s Colluli potash project, in Eritrea. The delivery will enable the identification of focus areas to manage the design and process risks during the detailed design phase. The Colluli Mining Share Company (CMSC)... 

Canada reaffirms commitment to US critical minerals supply chain

By: Mariaan Webb     18th June 2020 Canada’s Natural Resources Minister Seamus O’Regan has reaffirmed the country’s commitment to develop an integrated North American supply chain for critical minerals. A year ago, Prime Minister Justin Trudeau and President Donald Trump committed to such a supply chain and in January, the two... 

Canada reaffirms commitment to US critical minerals supply chain
Canada Natural Resources Minister Seamus O'Regan

NMP says marine phosphate mining will help grow Namibia's economy

By: Donna Slater     18th June 2020 Namibia-based marine phosphate hopeful Namibian Marine Phosphate (NMP) says Namibia, with one of the world’s largest undeveloped phosphate resources, stands to benefit from the development of a phosphate project and fertiliser industry that will support many sectors, including agriculture, mining... 

Land Bank raising R3bn liquidity facility, restructuring debt

By: Martin Creamer     18th June 2020 The State-owned Land and Agricultural Development Bank of South Africa announced in an update on liquidity that it would be raising R3-billion and restructuring its debt. The bank, headed by CEO Ayanda Kanana, stated in a stock exchange news service  (SENS)notice that  considerations on... 

Land Bank raising R3bn liquidity facility, restructuring debt
Photo by Creamer Media
Land Bank raising R3-billion liquidity facility.

Ethiopia looking to bolster investment in resources, mining 

By: Simone Liedtke     17th June 2020 With an abundance of natural resources that have not been significantly exploited, Ethiopia has “enormous potential” for the export of these resources and at a relatively low production cost, Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director... 

Ethiopia looking to bolster investment in resources, mining
Beryihun Temesgan, who spoke on behalf of Ethiopian Mines and Petroleum Minister Dr Samuel Urkato, and Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director Geremew Negassa discuss the investment case for Ethiopia in a webinar hosted by the Australia-Africa Minerals and Energy Group. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Emmerson marks further progress in getting Khemisset shovel ready

By: Tasneem Bulbulia     15th June 2020 Morocco-focused potash development company Emmerson has recorded progress on various work streams that are under way following the release of a feasibility study into its Khemisset potash project. The company has now shifted its focus to moving Khemisset towards “shovel ready” status including... 

Danakali bullish about sulphate of potash demand growth beyond Covid-19 

By: Marleny Arnoldi     15th June 2020 ASX- and LSE-listed Danakali is cautiously optimistic about the food markets globally, despite uncertainty owing to Covid-19, and thanks to the sector’s resilience to the crisis. CEO Niels Wage tells Mining Weekly that global food production prospects are positive, stocks are high,... 

Danakali bullish about sulphate of potash demand growth beyond Covid-19
Danakali CEO Niels Wage discusses sulphate of potash market prospects and the Colluli project

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Salt Lake awards major contracts at Lake Way

By: Esmarie Iannucci     15th June 2020 Potash developer Salt Lake Potash has awarded engineering, procurement and construction (EPC) contracts and engineering, procurement and construction management (EPCM) contracts for the process plant and non-process infrastructure at its Lake Way project, in Western Australia. The EPC contract... 

TymeBank set to hit two-million-customer milestone ahead of schedule

By: Martin Creamer     12th June 2020 Fully-digital retail finance house TymeBank is poised to achieve its two-million-customer milestone three months ahead of schedule, African Rainbow Capital (ARC), its majority shareholder, stated on Friday. Following its official launch in February last year, TymeBank acquired one-million... 

TymeBank set to hit two-million-customer milestone ahead of schedule
Photo by Creamer Media
Dr Patrice Motsepe

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

Foskor says fire at acid plant won't impact output

By: Reuters     11th June 2020 South African phosphate producer Foskor said on Thursday that a fire on Wednesday at its acid plant in the coastal city of Richards Bay will not impact production and supply, even though conveyors were damaged. The fire, the cause of which is still being investigated, broke out on Wednesday at a... 

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

K+S to strike sale deal for Americas salt business this year

By: Reuters     10th June 2020 German minerals miner K+S aims to agree a sale of its salt business in the Americas by the end of 2020, CEO Burkhard Lohr said on Wednesday. The world's largest salt producer had said in mid-March that it would sell the business, which accounts for more than one third of group sales, to reduce... 

K+S to strike sale deal for Americas salt business this year
K+S CEO Burkhard Lohr speaking at the company's virtual AGM on June 10.

Uralkali commits support for African farmer aid initiative

By: Marleny Arnoldi     8th June 2020 Russian potash mining company Uralkali has joined the Action Africa: Thriving Farms, Thriving Future initiative that is funded by Norwegian fertiliser producer Yara. The initiative is backed by the United Nations World Food Programme and is supported by a number of African industry associations... 

Uralkali commits support for African farmer aid initiative

Accelerated work starts at Beyondie

By: Esmarie Iannucci     5th June 2020 Work at the Beyondie sulphate of potash (SOP) project, in Western Australia, has been accelerated after ASX-listed Kalium Lakes completed a A$48.8-million capital raise. The company on Friday said that various contractors would be mobilised in the coming weeks to undertake a number of work... 

Lake Disappointment gets Ministerial nod

By: Esmarie Iannucci     4th June 2020 The Western Australian Minister for Environment, Stephen Dawson, has approved the Lake Disappointment sulphate of potash (SOP) project. Project developer Reward Minerals on Thursday said the Ministerial approval was the most significant milestone achieved to date for the project. 

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.

Kropz plans to raise additional $4.3m, backed by ARC  

By: Marleny Arnoldi     1st June 2020 Aim-listed emerging phosphate producer Kropz has raised about $350 000 by way of an equity placing with chairperson Robin Renwick and interim CEO Mark Summers at a price of 6.75p per ordinary share. Additionally, Kropz has launched an open offer to existing shareholders to raise up to... 

Kropz plans to raise additional $4.3m, backed by ARC
Kropz's Elandsfontein mine, in the Western Cape

Danakali, AFC extend funding deadline

By: Marleny Arnoldi     1st June 2020 ASX- and LSE-listed Danakali and Africa Finance Corporation have agreed on an extended deadline for Tranche 2 of AFC’s equity funding to Danakali, as a result of market and global conditions, amid Covid-19, which have impacted on the satisfaction of remaining conditions to the funding. Tranche... 

Khemisset feasibility study confirms project's potential

By: Tasneem Bulbulia     1st June 2020 Morocco-focused potash development company Emmerson has  completed the feasibility study on the company’s 100%-owned Khemisset potash project, which has confirmed a post-tax net present value of $1.4-billion and an internal rate of return of 38.5% over an initial 19-year mine life. Total... 

California borates project now fully financed

By: Marleny Arnoldi     1st June 2020 ASX-listed American Pacific Borates (ABR) has completed a placement of A$31.2-million at $0.60 apiece to institutional and sophisticated investors. About half of the placement amount was contributed by an existing international institutional shareholder of ABR.  

California borates project now fully financed

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kalium Lakes raises cash to fund Beyondie overrun

By: Esmarie Iannucci     25th May 2020 Potash developer Kalium Lakes has raised A$48.8-million through the completion of a share placement and the institutional component of its entitlement offer, to fund the cost-overrun in the construction of its Beyondie sulphate of potash (SOP) project, in Western Australia. The company last... 

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Full reopening of mining from June 1 – President Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Leon lists measures to attract mining investment in these challenging times  

By: Martin Creamer     22nd May 2020 South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining... 

Leon lists measures to attract mining investment in these challenging times
Herbert Smith Freehills Africa Co-Chair Peter Leon spoke at a webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Danakali nears completion of Colluli's EPCM Phase 2

By: Donna Slater     21st May 2020 ASX- and LSE-listed potash company Danakali says its Eritrea-based Colluli potash project’s engineering procurement and construction management (EPCM) Phase 2 is nearing completion. The front-end engineering design (FEED) and schedule of the Colluli project is now in its final stage, on budget... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux
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