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Potash News

Highfield finds buyer for Spanish potash

By: Esmarie Iannucci     11th September 2019 ASX-listed Highfield Resources has inked a memorandum of understanding (MoU) with Swiss-based agri business Ameropa AG for the sale of 250 000 t of muriate of potash from the Muga mine, in Spain. “We are pleased to have signed this important offtake MoU, which is a further acknowledgement within... 

Mosaic curtails 500 000 t of US phosphates capacity

By: Creamer Media Reporter      10th September 2019 US-based phosphates and potash producer Mosaic Company on Monday announced that it would idle its Lousiana phosphates operations to help balance the global market. Idling of the Louisana operations would reduce production by about 500 000 t in 2019 and would accelerate the reduction of high... 

Australian Potash looks at Geraldton for exports

By: Esmarie Iannucci     9th September 2019 ASX-listed Australian Potash has signed a joint cooperation agreement with the operator and manager of the Geraldton port, in Western Australia, allowing the company to continue to optimise its logistics and port options for the Lake Wells sulphate of potash (SOP) project. “The agreement allows... 

Mosaic resumes full operations at Brazil mines

By: Mariaan Webb     6th September 2019 The Araxá and Tapira phosphate mines of The Mosaic Company have resumed mining at full capacity, following the idling of these mines in April to comply with stability certification of their tailings dams. The Catalão mine, also idled due to the regulatory requirements, resumed operations in June. 

Angola is presenting mineral concessions in international centres

By: Rebecca Campbell     6th September 2019 The Angolan Government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on... 

Jubilee’s Windsor PGM project fully operational

By: Tasneem Bulbulia     5th September 2019 Dual-listed Jubilee Metals Group on Thursday announced that the joint venture platinum group metals (PGM) recovery plant targeted for the recovery of the PGM-rich material owned through its subsidiary Windsor SA has successfully been commissioned and is fully operational. The project, which holds... 

Kore appoints new CFO

By: Creamer Media Reporter      30th August 2019 Exploration and development company Kore Potash has appointed Andrey Maruta as CFO, effective from September 23. He will succeed John Crews, who is stepping down for personal reasons. Crews will remain available to Kore until November to ensure a smooth transition. 

DMRE accepts URU subsidiary’s Zebediela mining right application

By: Tasneem Bulbulia     30th August 2019 The South African Department of Mineral Resources and Energy (DMRE) has approved the mining right application submitted by Aim-listed URU Metals’ Lesego Platinum Uitloop (LPU) subsidiary. LPU is the holder of three prospecting rights that form the Zebediela project, in the Limpopo province. 

Green light for Canadian firm’s Utah potash mine

By: Mariaan Webb     29th August 2019 The US has authorised the construction of Canadian developer Crystal Peak Minerals’ 298 000 t/y sulphate of potash (SOP) mine, in west-central Utah. The Department of Interior' record of decision (ROD) for the Sevier Playa project has been hailed as the company’s “most important milestone” and... 

Green light for Canadian firm’s Utah potash mine
Crystal Peak will be producing speciality fertilisers in Utah.

DFS completed at Lake Wells

By: Esmarie Iannucci     28th August 2019 The Lake Wells sulphate of potash (SoP) project, in Western Australia, could deliver free cash flows of A$3.1-billion over its 30-year mine life, a definitive feasibility study has found. ASX-listed Australian Potash on Wednesday reported that at a capital cost of A$208-million, the Lake Wells... 

Billionaire-backed Kropz faces crucial water license hearing

By: , Bloomberg     15th August 2019 Kropz, which is almost half owned by South African billionaire Patrice Motsepe’s African Rainbow Capital Investments, is set to face a crucial test next month that will determine the future of its flagship project. Representatives of the Elandsfontein phosphate mine, which Kropz has spent at... 

Foskor board to finalise sustainability plan within six months  

By: Terence Creamer     13th August 2019 Foskor chairperson Bobby Godsell reported on Tuesday that the company’s board was conducting a comprehensive review of the group’s underperforming operations with the aim of developing a sustainability plan within the coming six months. Foskor, which mines phosphate rock and magnetite in Limpopo... 

Foskor board to finalise sustainability plan within six months
Foskor chairperson Bobby Godsell and IDC CEO TP Nchocho on prospects for turning around the company. Camera Work & Editing: Nicholas Boyd. Recorded: 13.7.2019

Credit approval received for Colluli power plant

By: Tasneem Bulbulia     8th August 2019 ASX-listed Danakali on Thursday announced that the African Export Import Bank (Afreximbank) had granted credit approval to provide preferred power contractor Inglett & Stubbs International (ISI) with a $42-million guarantee that would facilitate senior debt funding for the Colluli sulphate of... 

US rain bruises Mosaic, leaves Nutrien unscathed

By: , Bloomberg     6th August 2019 The world’s top two fertiliser makers have emerged from a tough crop-planting season in the US very differently: one bruised and the other relatively unscathed. World No. 2 crop-nutrient maker Mosaic reported adjusted earnings that missed analyst estimates for the second quarter, during which... 

Danakali receives credit approval for $200m finance for Colluli project

By: Simone Liedtke     5th August 2019 ASX- and LSE-listed Danakali has obtained formal credit approval from the Africa Finance Corporation and African Export Import Bank to provide the Colluli Mining Share Company with $200-million in senior debt finance. The facility will be part of the overall project funding package for the... 

Salt Lake secures $150m for Lake Way development

By: Esmarie Iannucci     5th August 2019 Potash developer Salt Lake Potash has mandated Taurus Funds Management to provide a staged $150-million project finance facility to fund the Lake Way sulphate of potash (SOP) project, in Western Australia. The Stage 1 facility will consist of $30-million, and will provide Salt Lake with funds... 

Kore mulls cost reduction options for Kola project 

By: Simone Liedtke     29th July 2019 ASX- and Aim-listed Kore Potash has received a new proposal from a French consortium of engineering companies (FC) that identifies opportunities to potentially reduce the capital cost of its flagship Sintoukola (Kola) potash project, in Congo-Brazzaville, by $415-million. The company expects to... 

Kalium Lakes raises major cash for Beyondie build

By: Esmarie Iannucci     24th July 2019 ASX-listed Kalium Lakes is hoping to raise A$72-million through an institutional placement and an accelerated non-renounceable entitlement offer to fund the construction of its Beyondie sulphate of potash (SOP) project, in Western Australia, as well as the working capital to first production.... 

Kalium Lakes raises major cash for Beyondie build

Blackham sells Lake Way assets

By: Esmarie Iannucci     23rd July 2019 ASX-listed gold miner Blackham Resources has struck a A$10-million deal with fellow-listed Salt Lake Potash to sell its Lake Way tenements, in Western Australia, cancel its brine royalty and provide certain water rights. The two companies have been cooperating on their respective projects in... 

Blackham sells Lake Way assets

ABR sets timeline for Fort Cady

By: Esmarie Iannucci     4th July 2019 ASX-listed American Pacific Borate and Lithium (ABR) was hoping to start construction of its Fort Cady borate project, in Southern California, by the fourth quarter of this year. The start of construction would be subject to financing and permitting. 

34 trapped workers at Nutrien potash mine rescued

By: , Bloomberg     3rd July 2019 All 34 workers that had been trapped underground at Nutrien’s Cory potash mine in Saskatchewan since Tuesday afternoon have been rescued. “All 34 employees have been safely brought to the surface at our Cory Potash site,” Will Tigley, a spokesperson for the world’s largest crop-nutrient supplier,... 

Avenira finds debt solutions

By: Esmarie Iannucci     1st July 2019 ASX-listed Avenira plans to sell its interest in the Baobab phosphate project, in Senegal, and its 7% interest in phosphate technology company Novaphos to a consortium of its three largest shareholders. Under the terms of binding agreements reached with Agrifos Partners, Tablo Corporation and... 

Salt Lake starts commercial-scale SoP works

By: Esmarie Iannucci     24th June 2019 ASX-listed Salt Lake Potash has completed the construction of a commercial-scale sulphate of potash (SOP) brine evaporation pond at its Lake Way operation, in Western Australia, and has started the evaporation process. The evaporation ponds have been designed to receive the 1.2 GL of high-grade... 

Kore sets sights on $13m capital raise

By: Esmarie Iannucci     14th June 2019 ASX- and Aim-listed Kore Potash is hoping to raise $13-million through a share placement to fund work at the Sintoukola potash project, in the Republic of Congo. Kore on Friday said that the placement will be conducted through an accelerated bookbuild, which will be launched immediately. 

Lake Way proves up for Salt Lake

By: Esmarie Iannucci     13th June 2019 A scoping study into the Lake Way sulphate of potash (SOP) project, in Western Australia, has shown that the project could produce some 200 000 t/y of premium-grade SOP over a mine life of 20 years. ASX-listed Salt Lake Potash on Thursday reported that the project could have the lowest... 

Western Potash appoints construction contractor for Milestone project

By: Marleny Arnoldi     7th June 2019 TSX-listed Western Resources subsidiary Western Potash has entered into a lump-sum agreement with Stuart Olson Praire Construction for it to be the general contractor for the Phase 1 construction of the company’s Milestone project, in Saskatchewan. The Milestone Phase 1 potash project would be... 

Highfield’s Muga receives environmental permit

By: Mariaan Webb     6th June 2019 ASX-listed Highfield has received an environmental permit for its Muga potash project, in Spain, and will now focus on securing the mining concession, as well as construction permits required for its two-phased development that will cost a total of €541-million. The environmental permit placed... 

TFR to conduct yearly maintenance shutdown on MMC line this month

By: Simone Liedtke     5th June 2019 State-owned Transnet Freight Rail (TFR) will be conducting its yearly maintenance shutdown on the Mineral Mining and Chrome (MMC) line from June 4 to 10.  The shutdown will allow TFR to undertake maintenance work that cannot take place during normal occupational conditions. 

Arianne Phosphate in MoU with Chinese firm for Quebec project

By: Creamer Media Reporter      4th June 2019 Development-stage phosphate mining company Arianne Phosphate has entered into a nonbinding memorandum of understanding (MoU) with Chinese State-owned enterprise Sinoconst relating to the development of the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region. The parties have agreed to... 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Potash producer Nutrien eyes expansion as BHP ponders entry

By: Reuters     29th May 2019 Canada's Nutrien, the world's biggest producer of potash fertiliser, said on Tuesday that it was evaluating whether to expand its annual production capacity by five-million tonnes after 2023, around the time that metals miner BHP Billiton is considering a move into potash. In a presentation to... 

Potash producer Nutrien eyes expansion as BHP ponders entry
Nutrien's Patience Lake potash operation.

NAIF looking at Ardmore - Centrex

By: Esmarie Iannucci     23rd May 2019 The Northern Australian Infrastructure Facility (NAIF) has completed a strategic assessment of the Ardmore phosphate rock project, in Queensland, and will now proceed to a due diligence investigation, ASX-listed Centrex Metals said on Thursday. An optimised definitive feasibility study recently... 

Sirius says open offer closes over-subscribed

By: Mariaan Webb     21st May 2019 The placing and open offer through which Sirius Minerals aimed to raise about $400-million, for the potash mine, in North Yorkshire, has been over-subscribed, the London-listed company reported on Tuesday. The company raised $425-million in the offer, which formed part of the $3.8-billion... 

New numbers impart shine to BCI’s Mardie SoP and salt project

By: Esmarie Iannucci     17th May 2019 An optimisation of the prefeasibility study (PFS) for the Mardie salt and potash project, in Western Australia, has improved the project economics, with a definitive feasibility study (DFS) now targeted for late 2019. ASX-listed BCI Minerals on Friday reported that the optimised PFS estimated a... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Centrex signs another offtake agreement

By: Esmarie Iannucci     14th May 2019 ASX-listed Centrex Metals has inked a second offtake agreement for phosphate rock concentrate from its Ardmore project, in Queensland. Centrex has reached an agreement with New Zealand fertilizer group Ballance Agri-Nutrients to supply some 5 000 t of concentrate, which will be produced as part... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Scoping study demonstrates attractive economics for Kore’s DX deposit

By: Tasneem Bulbulia     29th April 2019 The results of a scoping study, undertaken to assess the viability of producing 400 000 t/y of muriate of potash (MoP) from a portion of the sylvinite in Kore Potash’s Dougou Extension (DX) deposit through a solution mining method, indicate support for a low operational expenditure and strong... 

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