Potash stocks Articles

Commodity price slump undercuts mining sector

Dec. 28, 2015, 1:00 AM / CBC News

The bottom has fallen out of the commodities market and while Canadian mining firms look set to ride it out, there could be a hit to Canada's economy because of low metals and minerals prices.At the end of December:coal is down 32 per cent from its price at the end of last year;iron ore, -24 per cent;palladium, -30 per cent;copper, -25 per cent;zinc, -30 per cent;aluminum, -19 per cent.They're all...Read More

Study shows 96% of some mining jobs can be automated

Dec. 22, 2015, 4:23 PM / Frik Els

A new study by McKinsey & Company found that 45% of work activities could be automated using already demonstrated technology. According to the researchthese activities represent about $2 trillion in annual wages in the US. What's more automation does not only affect low-skill, low-wage roles - McKinsey discovered that "even the highest-paid occupations in the economy, such as financial managers, p...Read More

Canada's Quebec okays $1.2 billion phosphate mine

Dec. 22, 2015, 9:00 AM / Cecilia Jamasmie

The Lac Paul open-pit mine - the largest in Canada near an inhabited area - is expected to create 475 construction jobs and 375 permanent mining and processing jobs.The Canadian province of Quebec has given Arianne (TSX-V: DAN) the go-ahead to build its $1.2 billion million Lac Paul project phosphate rock project in a region best known for its iron ore mining.The open-pit mine - the largest in C...Read More

What to expect for 2016: Top predictions for the mining industry

Dec. 22, 2015, 3:15 AM / Cecilia Jamasmie

Undoubtedly, 2015 will go down in the history books as one of the worst years on record for mining companies, hit by record-low commodities prices that forced them to axe jobs, dividends, production and sell assets.The main question for next year is whether miners will see the beginning of a recovery phase or they will have to get used to what some describe as the "new normal", characterized by ov...Read More

Caterpillar to pay $74 million after found guilty of stealing trade secrets

Dec. 21, 2015, 8:10 AM / Cecilia Jamasmie

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, will have to pay $74 million to one of its suppliers after a U.S. court found it guilty of stealing trade secrets from that company.Following an eight-week trial in Chicago, the jury in a U.S. District Court voted in favour of Miller UK Ltd., an England-based supplier that in 2010 accused Caterpillar of misusing classified information...Read More

2015: Twilight of the Supercycle

Dec. 17, 2015, 3:15 PM / Frik Els

A look back at mining and metals in 2015 through MINING.com's most popular stories of the year. Click on the arrow on the right to scroll through the timeline of events.Read More

The Chinese scramble to mine Africa

Dec. 15, 2015, 1:55 PM / Vladimir Basov

A more than twenty-five fold jump in investment in fewer than 10 years. That's how fast China is gaining control over Africa's mining industry. And Beijing's push is not ending any time soon. China General Nuclear Power Corporation's Husab uranium mine in Namibia. Source: Contractor's camp by Namspace.netChina's growing economy is thirsty for sustainable supplies of mineral resources. Despite bein...Read More

Market uncertainty pulls Canadian Mining Eye index down in Q3

Dec. 15, 2015, 12:14 AM / EY

The Canadian Mining Eye index declined 17% during Q3 2015, compared to a 4% gain in Q2 2015. The Canadian Mining Eye index underperformed the S&P/TSX Composite index which slipped 9% during the quarter. The London Metal Exchange index (LMEX) declined 9% over the quarter.The S&P/TSX Composite Metals and Mining index witnessed a significant plunge of 26% due to extremely bearish sentiment during the...Read More

African Potash soars on fertilizer trade deal

Dec. 11, 2015, 9:45 AM / Cecilia Jamasmie

African Potash plans to create a vertically integrated operator that has the mining, processing and marketing skills to tap into a region that buys in an estimated 10 million tonnes of fertilizer a year.Shares in African Potash (LON:AFPO) closed 4.8% higher in London Friday after the miner announced a trade deal with Windmill -a private fertilizer producer in Southern Africa - expected to bring in...Read More

INFOGRAPHIC: Visualizing Chinese Investment in Africa

Dec. 9, 2015, 2:18 AM / Visual Capitalist

Courtesy of: Visual CapitalistWe have said previously that Africa is the new land of opportunity for speculators and investors. Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires, and even the world's fastest growing city.The Chinese must agree that there is great opportunity to be found on the second largest...Read More

Glencore axes jobs, coal output at Australia's mine as price collapses

Dec. 7, 2015, 4:01 AM / Cecilia Jamasmie

Image by DmyTo | Shutterstock.comMining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia's north Queensland as a result of collapsing coal prices.The cuts would affect around 180 of the 230 people employed at the mine, with most of the layoffs materializing next year, the Swiss company in an e-mailed...Read More

The mining supercycle and its demise

Dec. 4, 2015, 5:17 AM / Hallgarten & Company

Facing Reality in Five Uneasy StagesSupercycle meets Kubler-RossDenial & Acceptance and Everything In Between+ The marketplace is finally realising that the Commodities Supercycle is dead+ Mining though will rebound just in a different form to that which prevailed from 2001-2011+ The travails of some commodities (oil for example) are good for the rest of the mining sectorIt has taken the market...Read More

How to win in any market: 9 rules for contrarian investing

Dec. 3, 2015, 12:57 AM / Tactical Investor

A little knowledge that acts is worth infinitely more than much knowledge that is idle.Kahlil GibranWhen it comes to investing, the first rule thing you need to learn is effective management of your emotions. It is impossible to eliminate the impulse to act when euphoria or panic are in the air. While you cannot eliminate the emotion that pushes to you react, you can control your reaction. You ca...Read More

How to win in any market: 9 rules for contrarian investing

Dec. 3, 2015, 12:57 AM / Tactical Investor

A little knowledge that acts is worth infinitely more than much knowledge that is idle.Kahlil GibranWhen it comes to investing, the first rule thing you need to learn is effective management of your emotions. It is impossible to eliminate the impulse to act when euphoria or panic are in the air. While you cannot eliminate the emotion that pushes to you react, you can control your reaction. You ca...Read More

Obama boosts asteroid mining, signs law granting rights to own space riches

Nov. 26, 2015, 2:52 AM / Cecilia Jamasmie

Artist rendition of a mining operation in space. (Screenshot via YouTube)U.S. citizens can now legally own resources mined in space after President Barack Obama signed into law a debated bill that allows people to mine, sell and own any space material.The ground-breaking rule is considered a major boost to asteroid mining as it encourages the commercial exploration and utilization of resources fro...Read More

These 6 metals, minerals back to greenfield pricing by 2020

Nov. 25, 2015, 4:31 PM / Frik Els

It's hard to find an analysis of the mining and minerals sector that offers even a glimpse of a brighter future.A new report by consultants McKinsey & Company takes a fresh look at the industry and finds much of today's doom and gloom is misplaced.The study suggests that the steadily deteriorating quality of accessible resources combined with the current cuts in new mine investment, will likely sq...Read More

INFOGRAPHIC: Mining is a crucial industry for Manitoba

Nov. 24, 2015, 2:36 AM / Visual Capitalist

What percent of Canada's minerals are produced in Manitoba? How much mineral potential does the province have?Learn about this, as well as mining's contributions to Manitoba in wealth and safety.Courtesy of: Visual CapitalistPresented by: Mining Association of ManitobaMining in Manitoba had humble beginnings. Settlers of the province needed non-metallic raw materials, and began to extract salt fro...Read More

Hedge funds have never been this bearish on commodities

Nov. 23, 2015, 12:12 PM / Frik Els

Large scale futures investors like hedge funds or so-called managed money have entered an unprecedented bearish position towards commodities markets.According to the Commodity Futures Trading Commission's weekly Commitment of Traders data, five weeks of selling has seen 13 of the 24 commodities tracked pushed into net short positions.Those include the major commodities like crude oil, gasoline, go...Read More

ICL Fertilizers launches new polysulphate product In Brazil

Nov. 23, 2015, 9:35 AM / ICL

ICL (NYSE and TASE: ICL), a global manufacturer of products based on specialty minerals that fulfill essential needs of the world's growing population in the agriculture, processed food and engineered materials markets, announced today that its ICL Fertilizers segment ("ICLF") has launched its new fertilizer in Brazil -PolySulphate.PolySulphate, derived from the mineral Polyhalite found at ICLF's...Read More

$3.5B Saskatchewan potash mine put on hold

Nov. 22, 2015, 3:34 PM / Andrew Topf

Low potash prices have made the prospect of developing the Kronau potash mine in Saskatchewan uneconomic.In a letter to the community of Kronau, located 28 kilometres northeast of Regina, Vale SA (NYSE:VALE) stated that it would wait until market conditions improve to construct the $3.5 billion solution potash mine. Vale Potash currently has about 30 people working on the project, mainly in Regina...Read More