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Potash News

Mosaic idles Brazil phosphate mines to comply with new dam regulations

By: Creamer Media Reporter      12th April 2019 NYSE-listed Mosaic on Thursday announced that it would idle production at its Tapira and Catalão phosphate mines, in Brazil, to comply with new regulations governing mine tailings dams. The company stressed that its mines did not present an imminent risk, but that it had to implement the... 

EPA clears Beyondie for development

By: Esmarie Iannucci     8th April 2019 The Western Australian Environmental Protection Authority (EPA) has granted environmental approval for the development of the Beyondie sulphate of potash (SOP) project. Kalium Lakes MD Brett Hazelden said on Monday that achieving EPA approval for the Beyondie project was another first for the... 

Aus junior Celamin regains its share of Tunisia project

By: Esmarie Iannucci     5th April 2019 The share price of junior explorer Celamin Holdings rose on Friday, after the Tunisian Court of Appeal returned the company’s 51% stake in the Chaketma phosphate project. Celamin has battled its joint venture partner Tunisian Mining Services (TMS) since 2015, after its interest in the project... 

Potash developer Kalium Lakes builds momentum with cornerstone investor

By: Esmarie Iannucci     3rd April 2019 Sulphate of potash (SOP) developer Kalium Lakes has welcomed equity investment firm Greenstone Resources as a cornerstone investor, following a A$20.8-million investment. Kalium Lakes on Wednesday told shareholders that it would issue more than 47.3-million shares to Greenstone, at a price of... 

Kore Potash receives late EPC proposal, but will consider all options

By: Marleny Arnoldi     26th March 2019 ASX-, Aim- and JSE-listed Kore Potash on Tuesday said it had received an engineering, procurement and construction (EPC) proposal for the Sintoukola project, in Congo-Brazzaville, from a consortium after the February 28 deadline for proposals. The late proposal was submitted by a French... 

Karnalyte updating cost estimate for Saskatchewan potash project

By: Mariaan Webb     25th March 2019 The Wynyard potash project has ticked all the boxes necessary for development, but the central Saskatchewan carnallite/sylvanite project lacks one ingredient – a potash price that makes it economically viable. TSX-listed Karnalyte Resources said on Friday that although the potash price remained... 

Emmerson’s Morocco potash project a step closer to production

By: Natasha Odendaal     19th March 2019 The completion of the environmental baseline study has brought the Khemisset potash project, in Morocco, closer to production, with the study identifying no areas of concern that could impact on the scale, location, cost or profitability of the project. LSE-listed potash development company... 

Kalium Lakes secures debt funding for Beyondie

By: Esmarie Iannucci     19th March 2019 Potash developer Kalium Lakes has secured A$102-million in debt funding for its Beyondie sulphate of potash (SoP) project, in Western Australia. The company on Tuesday told shareholders that it has signed a non-binding term sheet with German bank KfW IPEX-Bank to provide the senior debt funding... 

Avenira hoping for FID by 2020

By: Esmarie Iannucci     18th March 2019 Phosphate developer Avenira is targeting a final investment decision on its Baobab project, in Senegal, in the first half of 2020, following the release of a positive feasibility study. Based on a one-million-tonne-a-year phosphate rock concentrate capacity, the feasibility study estimated that... 

Sirius finds new financing for UK potash mine

By: Creamer Media Reporter      13th March 2019 London-listed Sirius Minerals is considering an alternative financing proposal for the Woodsmith mine, which will access the world’s largest and highest-grade polyhalite deposit in North Yorkshire, UK. The alternative financing is expected to replace the $3-billion senior debt financing that... 

Sirius finds new financing for UK potash mine

Kalium wraps up FEED works, sets sights on financing

By: Simone Liedtke     4th March 2019 With the front-end engineering and design (FEED) works for its Western Australia-based Beyondie sulphate of potash (SoP) project now complete, ASX-listed Kalium Lakes is progressing towards completion of financing tasks with the aim of making a financial investment decision in the second quarter,... 

Ardmore costs fall - Centrex

By: Esmarie Iannucci     28th February 2019 An optimised definitive feasibility study (DFS) into the Ardmore phosphate rock project, in Queensland, has reduced the pre-production capital cost requirements of the project while increasing the pre-tax net present value by some 56%. ASX-listed Centrex Metals on Thursday reported that capital... 

NAIF funding for Australia’s first SoP plant

By: Esmarie Iannucci     20th February 2019 The Northern Australia Infrastructure Facility (NAIF) will invest A$74-million in Australia's first plant to produce sulphate of potash (SoP). ASX-listed Kalium Lakes is developing the A$250-million Beyondie SoP project, which will produce 150 000 t/y SoP, with the option to incrementally phase... 

Jan Steenkamp appointed MD of Kropz’s Elandsfontein phosphate mine

By: Marleny Arnoldi     14th February 2019 Aim-listed emerging phosphate producer Kropz has appointed Jan Steenkamp MD of the company’s 74%-owned Elandsfontein project, in South Africa’s Western Cape province. Steenkamp is a South African mining industry veteran and has managed mining operations across a number of commodities. He also... 

Jan Steenkamp appointed MD of Kropz’s Elandsfontein phosphate mine
Photo by Creamer Media
Elandsfontein MD Jan Steenkamp

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Australian Potash raises cash for Lake Wells studies

By: Esmarie Iannucci     11th February 2019 ASX-listed Australian Potash will raise up to A$5.2-million through a renounceable rights issue to complete a definitive feasibility study on the Lake Wells potash project, in Western Australia. The company on Monday said that it would offer three rights shares for every 14 shares held, at an... 

ABR slashes costs at US borate project

By: Esmarie Iannucci     31st January 2019 ASX-listed American Pacific Borate and Lithium (ABR) is considering a lower cost development at its Fort Cady borate project, in Southern California. A December definitive feasibility study (DFS) considered a three-phase construction, with Phase 1 to deliver some 82 000 t/y of boric acid and 36... 

Colluli could be game changer for Eritrea – report

By: Esmarie Iannucci     30th January 2019 An independent report commissioned by the United Nations Development Programme has found that the Colluli potash project had the potential to significantly boost the Eritrean economy and advance that country’s sustainable development agenda. “The report reinforces the uniqueness of Colluli. We... 

Kola gets $2.1bn price tag

By: Esmarie Iannucci     29th January 2019 The Kola potash project, in the Republic of the Congo (also known as Congo-Brazzaville), is expected to cost $2.1-billion to develop, triple-listed Kore Potash said on Tuesday. The ASX-, JSE- and Aim-listed company revealed that Kola would have a nameplate capacity of 2.2-million tonnes a year of... 

Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end   

By: Marleny Arnoldi     23rd January 2019 Aim-listed emerging phosphate producer Kropz is finalising the design of processing plant upgrades at its 74%-owned Elandsfontein project, in South Africa, with first ore to be produced by the end of the year. The mine will ramp up to steady-state production of one-million tonnes a year during... 

Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end
Kropz CEO Ian Harebottle discuss their phosphate mining and exploration projects. Video and editing: Darlene Creamer

Kalium Lakes gets enviro nod for Beyondie

By: Esmarie Iannucci     23rd January 2019 ASX-listed Kalium Lakes has received environmental approval for its Beyondie sulphate of potash (SOP) project, in Western Australia. The environmental approval covers the Stage 1 area of the Beyondie project, which is based on the base case production of 164 000 t/y of SOP over a mine life of 30... 

Packed work programme ahead for Emmerson’s Morocco potash project

By: Marleny Arnoldi     15th January 2019 LSE-listed mine developer Emmerson CEO Hayden Locke has confirmed that numerous workstreams are under way or due to start throughout this year, including drilling, testing, prefeasibility and discussions with partners and offtakers, at the Khemisset potash project, in Morocco. The company... 

Packed work programme ahead for Emmerson’s Morocco potash project
Photo by Bloomberg
Potash ore

Sunrise Resources raises £350 000

By: Tasneem Bulbulia     9th January 2019 Aim-listed Sunrise Resources has raised £350 000 before expenses, through a conditional placing of 291.67-million shares at a price of 0.12p apiece, representing a discount of about 14% to the closing mid-market price on January 8. The net funds raised will be applied primarily to the company’s... 

Mosaic company enters into MoU with Sinochem

By: Tasneem Bulbulia     9th January 2019 Concentrated phosphate and potash crop nutrients producer Mosaic Company has entered into a memorandum of understanding (MoU) with Sinochem, China’s largest agricultural inputs company, for the supply of phosphate rock and phosphate fertilisers, including premium products. “We are pleased to... 

Mosaic secures last remaining permit for Ona phosphate mine

By: Simone Liedtke     7th January 2019 NYSE-listed Mosaic Company has acquired the US Army Corps of Engineers 404 permit for its Ona phosphate mine project, in Hardee County, in Florida. The 404 permit was the final remaining permit for the project and secured 160.2-million tonnes of phosphate rock for future mining, the phosphate and... 

BHP's $20bn Canadian potash dilemma: To build or not?

By: Bloomberg     13th December 2018 BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball its $20-billion potash project. The Jansen mine in Canada is aimed at giving the company exposure to rising global food demand and represents... 

BHP's $20bn Canadian potash dilemma: To build or not?
BHP CEO Andrew Mackenzie

Western Australia lowers rental rates for potash projects

By: Esmarie Iannucci     13th December 2018 The Western Australian has announced a suite of measures to assist in developing potash projects in the region. Mines and Petroleum Minister Bill Johnston on Thursday said that due to the unique nature of potash projects, the state government would introduce a new rental rate for potash projects... 

Western Australia lowers rental rates for potash projects

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Mining convention for Kore’s Kola, Dougou prospects finalised

By: Marleny Arnoldi     7th December 2018 Dual-listed Kore Potash announced on Friday that the mining convention covering the company’s proposed staged development of the Kola and Dougou mining prospects has been finalised, following ratification by the parliament of the Republic of Congo. The gazetting of the mining convention allows... 

Mariana lithium brine JV to produce 10 000 t/y – study

By: Creamer Media Reporter      7th December 2018 The Mariana lithium brine joint venture (JV) project between China’s Ganfeng Lithium and Canadian junior International Lithium has the potential to produce 10 000 t/y of lithium carbonate equivalent (LCE) and 84 000 t/y of sulphate of potash (SOP), a preliminary economic assessment (PEA) has... 

Danakali secures mandate for Colluli debt

By: Esmarie Iannucci     6th December 2018 Potash developer Danakali has executed a mandate for $200-million debt financing to fund the construction and development of the Colluli potash project, in Eritrea. The ASX and LSE-listed company on Thursday told shareholders that African Export-Import Bank and Africa Finance Corporation will... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Kore expects extensions to existing sylvinite deposits at Sintoukola

By: Tasneem Bulbulia     21st November 2018 Kore Potash on Wednesday provided an update to its exploration targets for potential extensions of the Kola and Dougou Extension sylvinite deposits at its 97%-owned Sintoukola potash project in the Republic of Congo. These exploration targets have been identified as part of the work programme to... 

K+S cuts outlook after dry weather weighs on production

By: Reuters     15th November 2018 German potash miner K+S lowered its full-year earnings guidance on Thursday after a severe drought hampered production at its main mine network in the third quarter. The company now forecasts earnings before interest, taxes, depreciation and amortisation (Ebitda) between €570-million and... 

Danakali welcomes UN lifting of sanctions against Eritrea

By: Tasneem Bulbulia     15th November 2018 A decision by the United Nations (UN) to lift an arms embargo, travel ban and asset freeze against Eritrea should have a positive impact on foreign investment and enhance international trade opportunities, leading to improved economic outcomes for the people of Eritrea, potash mining company... 

Salt Lake raises A$13m for Lake Way

By: Esmarie Iannucci     9th November 2018 ASX-listed Salt Lake Potash will raise A$13-million through a share placement to institutional and sophisticated investors, to fund the development of its Lake Way project, in Western Australia. The company on Friday said that some 31-million new shares will be placed at a price of 42c a share,... 

Premier African Minerals’ shares fall on proposed restructuring

By: Creamer Media Reporter      7th November 2018 Aim-listed Premier African Minerals’ share price on the LSE fell by 39% on Wednesday after it announced a proposed restructuring of its Zimbabwean minerals projects and a demerger. Premier plans to establish a new wholly-owned subsidiary Newco, into which it will consolidate its entire interests... 

Nutrien permanently closes New Brunswick facility

By: Mariaan Webb     6th November 2018 Potash major Nutrien said that it would permanently close the idled New Brunswick potash facility and that it had recorded a $1.8-billion noncash impairment in its third-quarter results, which were announced on Monday. In early 2016, when Nutrien was still known as Potash Corp of Saskatchewan... 

Nutrien permanently closes New Brunswick facility
The New Brunswick potash facility
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