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Potash News

Mardie gets environmental nod

By: Esmarie Iannucci     25th November 2021 The Western Australian Minister for Environment, Amber-Jade Sanderson has granted ASX-listed BCI Minerals approval to construct is Mardie salt and potash project. The approval follows an earlier announcement by the Minister that the recommendations made by the state’s Environmental Protection... 

Kropz’s Elandsfontein project remains on track, albeit tightly so

By: Simone Liedtke     23rd November 2021 Emerging African phosphate developer Kropz’s Elandsfontein project, in South Africa, remains on schedule, albeit tight, and within the original projected capital budget for commissioning next month. The Aim-listed producer on November 23 highlighted that these achievements “have been realised... 

BCI completes first part of equity raise

By: Esmarie Iannucci     19th November 2021 Potash developer BCI Minerals has successfully completed the institutional equity raising to partially fund the development of its Mardie project, in Western Australia. The company earlier this week launched a A$360-million capital raise, which consists of a A$240-million share placement, a... 

BCI launches A$360m capital raise for Mardie

By: Esmarie Iannucci     18th November 2021 Potash developer BCI Minerals has launched a A$360-million capital raising to help fund the development of its Mardie potash project, in Western Australia. The capital raise will consist of a A$240-million share placement, priced at 43c a share, including commitments from existing shareholder... 

Image shows unrefined potash

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer

American Pacific Borates could triple production

By: Esmarie Iannucci     15th November 2021 ASX-listed American Pacific Borates could potentially triple boron production at its Fort Cady operation, in Southern California, on the back of increased head grade and a new mine plan. The company on Monday told shareholders that boric acid head grade assumptions at Fort Cady had increased... 

Image of drilling at Fort Cady
Fort Cady drillin

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

US adds nickel, zinc to draft critical minerals list, drops potash

By: Mariaan Webb     11th November 2021 The US Geological Survey (USGS) has added nickel and zinc to its proposed list of 50 ‘critical minerals’ – defined as those essential to economic or national security and have a supply chain vulnerable to disruption – while four others, including potash, have fallen off the draft 2021 list. The... 

Image of pure nickel sulphate
The Biden Administration's 100 day supply chain review states that there is an 'urgency' to develop a strategy around Class 1 nickel.

Interim report reveals cost reduction options for Kore’s Kola project

By: Tasneem Bulbulia     11th November 2021 Potash development company Kore Potash has received an interim report of the results of an optimisation study into its 97%-owned Kola potash project, in the Sintoukola Basin, in Congo-Brazzaville, from the Summit Consortium. The Kola optimisation study is on track for successful completion in the... 

Enviro Minister amends Mardie recommendations

By: Esmarie Iannucci     11th November 2021 The Western Australian Minister of Environment has determined that recommendations made by the state’s Environmental Protection Authority (EPA) around the Mardie salt and potash project, should be amended. The EPA in July this year approved ASX-listed BCI Mineral’s plans to develop the Mardie... 

Minerals Council backs Eskom leadership, urges govt to cut procurement red tape

By: Martin Creamer     10th November 2021 Minerals Council South Africa on Wednesday supported the Eskom leadership team in its efforts to stabilise South Africa’s electricity supply and urged government to focus on shortening the bureaucratic processes hindering Eskom’s ability to procure urgently required spares for power stations and... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Emmerson secures funding to accelerate pre-construction activities at Khemisset

By: Donna Slater     10th November 2021 Potash developer Emmerson has secured a strategic investment of up to $46.75-million from a group of investors to support the development of the Khemisset potash project, in Morocco. The primary investor is Global Sustainable Minerals (GSM) – a Singapore-based investment vehicle backed by a... 

Vale cashes in on fertiliser boom with $1.3bn Mosaic stock sale

By: Bloomberg     8th November 2021 One of the world’s biggest mining companies thinks it’s time to cash in on the global fertiliser boom. Brazilian iron-ore and nickel giant Vale sold more than 34-million shares in Mosaic Co. for $1.3-billion, unloading stock received from selling its fertiliser business to the US phosphate... 

South African Duncan Wanblad to succeed Mark Cutifani as Anglo CE 

By: Martin Creamer     3rd November 2021 Diversified mining company Anglo American on Wednesday announced the appointment of Duncan Wanblad as chief executive with effect from the company’s annual general meeting (AGM) on April 19 next year – and has also spelt out details of Wanblad’s upcoming remuneration package in considerable... 

A picture of Wanblad supplied by Anglo
South African Duncan Wanblad, who takes over as CE of Anglo American on April 19.

Mosaic sees massive price surge continuing

By: Bloomberg     2nd November 2021 Mosaic, the world’s largest phosphate producer, expects the fertiliser price surge will continue. The company “expects upward pricing momentum to continue” as 90% of fourth quarter sales are committed and priced, with some customers requesting commitments as far forward as second quarter of... 

Australian Potash launches capital raise

By: Esmarie Iannucci     2nd November 2021 Potash developer Australian Potash will raise A$12-million to advance work at its Lake Wells sulphate of potash (SOP) project, in Western Australia. The company on Tuesday announced that it will undertake a two tranche share placement priced at 8c a share. 

Centrex raises funds for Ardmore work

By: Esmarie Iannucci     28th October 2021 Junior Centrex Metals has completed a A$4-million share placement to fund work at its Ardmore rock phosphate project, in Queensland. The ASX-listed company on Thursday said that it had received binding commitments for some 44.4-million new shares from professional and sophisticated investors,... 

Mardie gets the go-ahead

By: Esmarie Iannucci     21st October 2021 Junior BCI Minerals has taken a final investment decision (FID) on its Mardie salt and potash project, in Western Australia, just days after securing A$740-million in debt funding for the project. The ASX-listed company on Thursday said that subject to final approvals, main construction for the... 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

BCI secures a$740m debt funding for Mardie

By: Esmarie Iannucci     15th October 2021 ASX-listed BCI Minerals on Friday announced that it had secured A$740-million in debt funding for the development of its Mardie salt and potash project, in Western Australia. The project would require a capital spend of some A$1.2-billion to support a production of 5.35-million tonne a year of... 

Kalium Lakes raises cash, restructures debt for Beyondie growth

By: Esmarie Iannucci     13th October 2021 Potash producer Kalium Lakes has announced a A$50-million capital raise to fund the expansion of its Beyondie sulphate of potash (SOP) project, in Western Australia. The ASX-listed company on Wednesday told shareholders that it would issue some 278-million new shares, at a price of 18c each in... 

Kropz nears full go-ahead for new equity facility with majority shareholder

By: Marleny Arnoldi     11th October 2021 Aim-listed Kropz has obtained approval from the South African Reserve Bank to proceed with a new convertible equity facility of up to R200-million with African Rainbow Capital (ARC) Fund. The funds will be used to get the Elandsfontein phosphate project commissioned.  

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Beyondie produces first SoP

By: Esmarie Iannucci     5th October 2021 ASX-listed Kalium Lakes has produced its first sulphate of potash (SoP) at its Beyondie project, in Western Australia. The SoP was delivered during the commissioning process, with scheduled commercial production ramp-up remaining on track. 

Lake Throssell proves a winner for Trigg

By: Esmarie Iannucci     5th October 2021 A scoping study into the Lake Throssell sulphate of potash (SoP) project, in Western Australia, has estimated that the project could support production of 245 000 t/y over an initial mine life of 21 years. ASX-listed Trigg Mining on Tuesday told shareholders that the project would generate... 

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Kropz enters into new R200m equity facility with ARC

By: Marleny Arnoldi     29th September 2021 Aim-listed Kropz has entered into a convertible equity facility of up to R200-million with African Rainbow Capital (ARC) Fund to get the Elandsfontein phosphate project commissioned. The new equity facility is in addition to a $5-million facility which ARC, the company’s 82.7% shareholder,... 

Agrimin's potash project gets govt backing

By: Esmarie Iannucci     23rd September 2021 The Western Australian government has awarded the Mackay potash project Lead Agency status, developer Agrimin said on Thursday. The Department of Jobs, Tourism, Science and Innovation (JTSI) will act as the lead agency for the Mackay potash project, where a final investment decision is targeted... 

BHP has secured nonbinding MoUs for Jansen output

By: Mariaan Webb     15th September 2021 Nonbinding memorandums of understanding (MoUs) with major importers are in place for up to 100% of the future production of the massive Jansen potash project, which diversified major BHP is building in Saskatchewan, Canada. The agreements are typically with major buyers across South and Central... 

An image of a shaft with the setting sun

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

African Rainbow Capital’s portfolio expands on back of fair value gains

By: Donna Slater     14th September 2021 JSE-listed African Rainbow Capital’s (ARC’s) intrinsic portfolio value increased by 16.3% from R10.55-billion as at June 30, 2020, to R12.27-billion as at June 30, this year. Net fair value gains accounted for R909-million of the increase and net investments for the remaining R810-million... 

Water Tribunal dismisses appeal against granting of Elandsfontein water-use licence

By: Creamer Media Reporter      10th September 2021 Emerging African phosphate explorer and developer Kropz says the Water Tribunal has dismissed an appeal against the granting of an integrated water-use licence (WUL) for the Elandsfontein project. Following the granting of the WUL by the Department of Water and Sanitation in April 2017, an appeal... 

Potash majors interested in reviving $5bn Argentine mine

By: Bloomberg     9th September 2021 Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5-billion. Mendoza -- better known for its exports of Malbec wine than its vast mineral wealth -- took over the Rio Colorado potash project... 

Potash majors interested in reviving $5bn Argentine mine
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