Potash stocks Articles

China's astonishing rise in one simple chart

Oct. 1, 2015, 12:14 PM / Frik Els

The slowdown in the Chinese economy has been front and centre for commodities markets for a long time, but today's its impact is felt on US interest rate policy and equity markets. China's official GDP growth is expected to slow to less than 7% in 2015, the slowest pace in 25 years.But even at this rate of growth the country would be adding some $700 billion to gross domestic product (and that's e...Read More

World's first deep sea mining proposal ignores consequences of its impacts on oceans

Sep. 28, 2015, 8:45 PM / EarthWorks

As the deep sea mining industry chases investors at the Asia Pacific Deep Sea Mining Summit, a new critique by the Deep Sea Mining Campaign reveals indefensible flaws in the Environmental and Social Benchmarking Analysis of the Solwara 1 project commissioned by Nautilus Minerals. The proposed Solwara 1 deep sea mine, situated in the Bismarck Sea of Papua New Guinea, is the world's first to receive...Read More

African Potash signs supply deal with Zambia distributor

Sep. 25, 2015, 5:39 AM / Cecilia Jamasmie

The deal will give African Potash, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.Shares in African Potash (LON:AFPO) jumped Friday after the miner announced it has sealed a deal to sell 50,000 metric tonnes (MT) of its fertilizer product to a Zambian distributor in the Common Market for Eastern and Souther...Read More

Argentina's presidential candidates want mining to be platform for country's recovery

Sep. 24, 2015, 1:53 PM / Cecilia Jamasmie

Departing Argentina's President Cristina Fernndez de Kirchner presents a 100 pesos bank note with a portrait of former First Lady Eva Peron, in 2012. (Image from archives)Only weeks before Argentina heads to the polls to choose its new leader, analysts are saying that President Cristina Fernandez's chosen successor, Daniel Scioli, would probably be the best outcome for miners, as he has promised t...Read More

Caterpillar to axe 10,000 jobs over next three years

Sep. 24, 2015, 6:19 AM / Cecilia Jamasmie

The job cuts are part of a corporate restructuring that Caterpillar hopes it will help lower its operating costs by roughly $1.5 billion a year once implemented.Equipment maker giant Caterpillar (NYSE:CAT) added to the global gloominess in the mining sector Thursday by announcing it plans to cut over 10,000 jobs over the next three years as a result of weak performance in the energy and constructi...Read More

The ever diminishing ambitions of BHP Billiton

Sep. 23, 2015, 11:39 PM / Frik Els

All the projects are brown and the sky is grey*Ambition has become a scarce commodity at the top end of mining.Projects are being been delayed, expansions shelved, exploration stalled, assets sold and expenditures deferred.Nowhere is this thrown in sharper relief than at BHP Billiton, the world's largest mining company, by a wide (if declining) margin.The Melbourne-based giant released its annual...Read More

This is the scariest mining chart you'll see today

Sep. 21, 2015, 11:05 PM / Frik Els

For the last three years the mantra at mining companies has been cut costs and cut budgets.Projects have been delayed, expansions have been shelved, exploration stalled and expenditures deferred.Project investment at BHP Billiton this year will be a stunning $10 billion below its 2013 peak. The world's number one miner only has four projects in the works, two of which are almost complete, compared...Read More

Glencore to sell part of its Chile, Peru copper output

Sep. 17, 2015, 2:01 AM / Cecilia Jamasmie

The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.Mining and commodities giant Glencore (LON:GLEN) is said to be in talks with five companies to sell portions of the future production of three of its copper mines in Chile and Peru.According to Global Mining Observer, the firms involved in the negotiations are Franco-Nevada Corp (...Read More

Glencore to reduce debt after getting $2.5 billion in shares sale

Sep. 16, 2015, 2:22 AM / Cecilia Jamasmie

The stock issuance was part of $10 billion worth of measures proposed last week to cut its net debt by a third to around $20 billion by the end of 2016.Mining and commodities giant Glencore (LON:GLEN) said Wednesday it has sold about $2.5 billion ( 1.63 billion) of new shares, in a show of strong support from institutional investors for the fundraising that forms part of a broader debt-reduction p...Read More

Pacific Potash completes share consolidation

Sep. 15, 2015, 12:55 PM / Pacific Potash

Pacific Potash Corporation (TSX VENTURE:PP) ("Pacific Potash" or the "Company") announces that it has received the approval from the TSX Venture Exchange (the "Exchange") to its proposed consolidation of its common shares (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). Effective at opening on September 14, 2015, the Co...Read More

Vietnam begins construction of region first potash mine

Sep. 14, 2015, 4:45 AM / Cecilia Jamasmie

Vietnam's owned Vietnam National Chemical Group (Vinachem) has begun construction work at its $522 million potash project, located in neighbouring Laos.The endeavour, a joint venture between Vinachem and Viet Lao Chemical and Rock Salt Co. (Vilachemsalt), is considered one of the largest outbound investments made by a Vietnamese firm in history, Vietnam News Agency reports.The project is expected...Read More

EuroChem Group AG signs US$750 million pre-export finance club facility

Sep. 8, 2015, 7:05 AM / EuroChem Group

EuroChem Group AG (hereinafter "EuroChem", "Group" or "Company"), a leading global agrochemical company, today announces that it has signed a US$750 million pre-export finance facility (the "Facility") with a club of leading international banks.Structured as a 4-year facility, the deal comes with a 2-year grace period and achieved attractive pricing. The Company plans to use the...Read More

Glencore fights back - to slash debt by $10bn, halt copper mines in Africa

Sep. 7, 2015, 3:49 AM / Cecilia Jamasmie

Commodities rout responsible for wiping out Glencore's value and CEO Ivan Glasenberg's smile.Mining and commodities giant Glencore (LON:GLEN), which in recent weeks became the poster child of how hard companies have been hit by a brutal sell-off in raw materials, is fighting back.The Swiss-based company unveiled Monday a $10 billion package of debt-reduction measures, which include issuing up to $...Read More

World's top 5 miners lose $540 BILLION market worth

Sep. 4, 2015, 11:12 PM / Frik Els

New wave of selling hits world's top five public mining companies Friday as the commodity slump slashes market valuations to 60%-88% below 2011 highsIn New York trade on Friday copper for delivery in December fell more than 3% at the open, erasing all of yesterday's sharp gains as worries about demand from emerging markets returned to weary commodity investors.The price managed to stay just above...Read More

Glencore's just had one of its worst weeks ever - shares down 22 pct

Sep. 4, 2015, 9:00 AM / Cecilia Jamasmie

Commodities rout responsible for wiping out Glencore's value and CEO Ivan Glasenberg's smile.Shares in mining and commodities giant Glencore (LON:GLEN) were hammered once again Friday, with the company leading an ongoing selloff in mining stocks that has wiped out 22% of the company's value since last Friday.The firm, already the worst performer in the FTSE 100 index in 2015, closed almost 6% down...Read More

African Potash soars on second supply deal in a week

Sep. 1, 2015, 4:12 AM / Cecilia Jamasmie

The company 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) were up almost 24% early afternoon in London after the miner announced it has sealed a preliminary agreement with an unnamed Malawian company to provide about of 50...Read More

Jim Rogers: Commodity bull market hasn't gone away

Aug. 26, 2015, 11:21 AM / Frik Els

While equity traders took a break from selling, Wednesday was another bloody day on commodity markets.After a tepid attempt at a comeback on Tuesday the base metal complex fell again on Wednesday.In New York trade copper for delivery in December dropped more than 3% to a low of $2.22 per pound or around $4,895 a tonne, the lowest since July 2009 and down 30% over the past year.On the LME, three-mo...Read More

BHP Billiton posts worst profit in over 10 years

Aug. 25, 2015, 3:00 AM / Cecilia Jamasmie

Profit may be low, but it's still a profit -it fell to an almost 13-year low of $1.9 billion after BHP took write-downs in copper and shale gas.You know things are worse than what you thought when the world's largest mining company reports an 86% fall in profit. BHP Billiton (ASX:BHP) (LON:BLT) contributed to the general pessimism in the sector Tuesday by posting its worst underlying profit in a d...Read More

CHART: Stop panicking about China and mining

Aug. 24, 2015, 11:35 PM / Frik Els

The Bloomberg Commodity Index slid to its lowest level in 16 years on Monday as oil suffers its longest run of weekly declines since the mid-1990s and the run on commodity ETFs gathers pace.Base metals are down across the board and the price of iron ore which has been surprisingly stable amid the chaos in China fell back 4% on Monday.Even the gold price which is supposed to be benefit in times of...Read More

Canadian mining stocks outperform metals prices

Aug. 24, 2015, 3:37 PM / Frik Els

In the second quarter EY's Canadian Mining Eye index which tracks the performance of 100 TSX and TSX Venture mid-tier and junior companies managed to show gains for the first time in a year.The index which is constituted of companies with a market value of between $65m and $1.8bn gained 4% during Q2 2015, as compared to a 1% decline in Q1 2015. This was the first quarterly gain since Q2 2014. The...Read More