Potash stocks Articles

German K+S halts production at 2nd site as severe drought drags on

Sep. 11, 2018, 3:50 AM / Cecilia Jamasmie

Germany-based fertilizer producer K+S AG (FRA:SDF1) has temporarily halted production at a facility part of its Werra mine network, the second one the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts.K+S shut down its Wintershall site two weeks ago and has now interrupted potash production at is Hattorf s...Read More

Danakali banks on new investor mood to fund Eritrean mine

Sep. 7, 2018, 10:00 AM / Reuters

LONDON, Sept 7 (Reuters) - Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors.The project will test the changing mood in the West towards the isolated nation, sandwiched between Somalia and Venezuela at the bottom of the World Bank's rankings on ease o...Read More

New seven powerhouses to drive mineral demand: EMR exec

Aug. 29, 2018, 6:11 PM / Valentina Ruiz Leotaud

China, India, Brazil, Mexico, Russia, Indonesia, and Turkey will be leading the world's mineral demand in the coming decades, Owen Hegarty, Executive Chairman of Australian private equity manager EMR Capital, predicts.Speaking at the Paydirt 2018 Africa Down Under mining conference taking place in Perth, Hegarty said that the new top seven economies will lead the expected doubling of the global ec...Read More

China's Sichuan Road to mine copper in Eritrea starting in 2019

Aug. 24, 2018, 8:45 AM / Cecilia Jamasmie

China's Sichuan Road & Bridge Mining Investment Development Corp. is gearing up to kick off copper, zinc, gold and silver production in Eritrea next year, following the country's recent end to its 20-year border war with neighbour Ethiopia.Asmara will be the third operating mine in the northeast African country, home until now to Nevsun Resources' Bisha gold-copper-zinc mine and Shanghai SFECO's Z...Read More

Planes and trains oust miners from top ranks of Canada benchmark

Aug. 22, 2018, 10:57 AM / Reuters

(Bloomberg) - Companies that make and move things are now a bigger part of Canada's stock market than those that dig them up.Industrial stocks such as Canadian National Railway Co., ATS Automation Tooling Systems Inc. and plane maker Bombardier Inc. have surpassed materials as the third-largest sector on the S&P/TSX Composite Index for the first time in at least 17 years.The move comes as industri...Read More

Nutrien steers potash recovery as BHP waits in the wings

Aug. 20, 2018, 11:47 AM / Reuters

WINNIPEG, Manitoba/LONDON, Aug 20 (Reuters) - Canada's Nutrien Ltd, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity.BHP has been weighing an entry into potash since prices spiked a decade ago. Construction of its Jansen mine in Saskatchewan - which could become the world's largest - has been advancing slowly for yea...Read More

Lithium boom unlikely to disrupt potash market - analyst

Aug. 14, 2018, 5:55 AM / Cecilia Jamasmie

While lithium and potash are often found in the same deposits and mined together, analysts believe the increasing number of companies racing to produce the white metal, key ingredient for making batteries that power electric vehicles (EVs) and high tech devices, won't have an impact in the potash market.Not all brine-based lithium projects will make substantial quantities of potash - Humphrey Knig...Read More

Israel seeks early re-tender of mining rights to shore up Dead Sea

Aug. 12, 2018, 2:13 PM / Reuters

The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster.The main culprit is the drying up of the Jordan river, its main tributary, as communities upstream draw on it for farming and drinking. But mineral extraction makes the crisis worse - of the 700-800 million cubic meters of water lost each year, 250-35...Read More

China's Shandong province cuts steel and coal capacity in environment plan

Aug. 5, 2018, 9:42 AM / Reuters

China's eastern Shandong province has unveiled new targets to cut steel and coal production capacity, eliminate outdated aluminium smelters and change to cleaner energy as part of a broader nationwide anti-pollution push.In a three-year action plan released on Friday, Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55...Read More

Caterpillar says tariffs will wipe out up to $200M

Jul. 30, 2018, 3:22 AM / Cecilia Jamasmie

Shares in Caterpillar (NYSE:CAT), the world's no.1 heavy machinery maker, retreated 2% despite posting record second quarter earnings per share Monday, while also bumping up its full-year profit forecast.The Deerfield, Illinois-based company reported an adjusted profit of $2.97 a share in the three months to June 30, compared with $1.49 a share last year. For the whole year, Caterpillar now expect...Read More

Canada scaring mining investors with long, unclear permit processes

Jul. 24, 2018, 1:58 AM / Cecilia Jamasmie

Mining investors are losing confidence in the mineral exploration permit process in most Canadian provinces with applications taking longer to be approved and a lack of transparency, a new study released Tuesday shows.According to the Fraser Institute, an independent, non-partisan Canadian policy think-tank, British Columbia, Ontario and Quebec are the three main provinces where exploration reques...Read More

Nutrien sells stake in Arab Potash to China's SDIC

Jul. 23, 2018, 6:15 AM / Cecilia Jamasmie

Canada's Nutrien (TSX, NYSE:NTR), the world's largest potash miner, said Monday it was selling its 28%-stake in Arab Potash Co to China's State Development and Investment Corp (SDIC), for $502 million.SDIC Mining Investment, a subsidiary of SDIC, will become the majority shareholder in Arab Potash after the transaction, which is expected to further reduce China's reliance on potash imports and gua...Read More

Miners wrote off almost one-third of investments over last decade

Jul. 19, 2018, 3:43 AM / Cecilia Jamasmie

While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top 4...Read More

Africa's richest man signs $650 mln Afreximbank loan for oil refinery

Jul. 15, 2018, 7:45 AM / Reuters

Africa's richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria.The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.Cairo-based Africa's trade bank also signed a $750 million facility with Nigeria's development bank, the Bank...Read More

Eritrean potash deposit company readies London listing

Jul. 12, 2018, 7:22 AM / Financial Times

A company developing a large potash deposit in Eritrea has announced plans to list in the UK, testing the appetite of investors for 'greenfield' mining projects in Africa.Danakali Limited said joining the London Stock Exchange would help it raise the cash it needs to fund development of the Colluli deposit.Analysts at Numis reckon Danakali, which is currently listed in Australia, needs to raise ar...Read More

Mr. Sam Farris succeeds Dr. Ulrich Lamp as President of K+S Potash Canada

Jul. 4, 2018, 6:49 AM / K+S Potash

Saskatoon, Saskatchewan: 3 July 2018 - The Board of Executive Directors of K+S Aktiengesellschaft (K+S AG) is pleased to announce that as of July 1, 2018, Mr. Sam Farris has succeeded Dr. Ulrich Lamp as President of K+S Potash Canada (KSPC) following Lamp's retirement.Farris, who is born and raised in Saskatchewan, has been working for K+S since August 2011, most recently in the role of Senior Vic...Read More

Orion Resource Partners raising $500m in royalty, streaming fund

Jun. 26, 2018, 10:26 AM / Reuters

LONDON, June 26 (Reuters) - Orion Resource Partners is raising up to $500 million in a fund financing potash, tungsten and iron ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets.Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers, even though commodity prices a...Read More

Sirius Minerals soars after securing supply deal for Nigerian market

Jun. 20, 2018, 8:19 AM / Cecilia Jamasmie

Shares in Sirius Minerals (LON:SXX), the British company building a huge polyhalite mine beneath a national park, were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.Sirius, which plans to sink two 1,500m deep shafts in the Yorkshire moors this year, said Intercontinental Trade DMCC Dubai had agreed to buy up to 350,000 tonnes a year of POLY4...Read More

Indian regulator approves Nutrien's sale of stake in SQM to Tianqi

Jun. 19, 2018, 5:04 AM / Cecilia Jamasmie

Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India's antitrust regulator green-lighted the sale of its 24% stake in Chile's Chemical and Mining Society (SQM) to China's Tianqi.The country's Competition Commission (CCI) had given Nutrien until April 2019...Read More

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

Jun. 18, 2018, 12:43 PM / Cecilia Jamasmie

Chile's antitrust regulator FNE has launched a probe into Tianqi's recent acquisition of a stake in Chemical and Mining Society (SQM), the world's second largest lithium producer, to determine the possible effects on the market.Chinese miner Tianqi Lithium, the Asian nation's largest producer of the white metal, purchase last month a 24% stake in Chile's SQM from Canada's Nutrien (TSX:NTR), furthe...Read More