Potash stocks Articles

CHART: Mining tide is turning

Oct. 11, 2015, 3:30 PM / Frik Els

The sun also risesOver the past week crude oil prices have jumped 13%, platinum is up 8%, copper 4.8% and industrial metals 5.2% on average after double digit gains for zinc. Aluminum gained more than 5% over the week while benchmark iron ore price advanced by the same margin.Even after including more modest advances for the agricultural sector (cocoa is the sole commodity that lost value) it's b...Read More

Mining stocks surge as end of commodity rout called

Oct. 7, 2015, 1:50 PM / Frik Els

Morgan Stanley sees a sharp reversal in commodities with prices rising nearly 20% by 2017 making mining stocks historically attractiveInvestors returned to the metals and mining sector in a big way on Wednesday after an analyst report called a bottom in the commodities rout.On the Comex market in New York copper for delivery in December climbed 1.7% to a three-week high of $2.3960 or $5,280 a tonn...Read More

Even top juniors are running out of money

Oct. 6, 2015, 12:10 PM / Frik Els

The drying up of equity and debt markets coupled with new lows in cash reserves have pushed Canada's junior mining industry to the brink says PwC's annual report on the TSX Venture's top 100 junior mining companies.According to report, now in its ninth year, juniors raised $514 million in equity financing in 2015, down 25% from last year, while debt financing fell 27% to $278 million over the same...Read More

Western Potash and Tairui sign MOU With China Development Bank

Oct. 6, 2015, 10:32 AM / Market Wire

Western Potash Corp. (TSX:WPX)(FRANKFURT:AHE) (the "Western", "the Company") is pleased to announce that a Memorandum of Understanding for Strategic Cooperation was signed on September 29, 2015 at Vancouver's Four Seasons Hotel by China Development Bank, Western Potash Corp., and Beijing Tairui Innovation Capital Management Ltd., ("Tairui"). Among those attending the signing ceremony were Mr. Hu H...Read More

Potashcorp withdraws K+S proposal due to 'challenging macroeconomic conditions'

Oct. 5, 2015, 12:54 PM / Michael Allan McCrae

Potashcorp's spring proposal to combine with K+S was withdrawn today because of poor market conditions. Potashcorp stock jumped at the news, trading up 2.2% to $20.96 a share. The company has been trading down all year and has lost 36% year to date. K+S spurred Potashcorp's spring offer arguing that the initial Cdn$10.9 billion takeover offer was too low and not in its interest.Potashcorp acknowle...Read More

Andrew Pullar's plan: Go long, set goals with world-class assets

Oct. 5, 2015, 12:42 PM / The Gold Report

Andrew Pullar, CEO of The Sentient Group, a private equity fund, says his plan for investment success is all about identifying companies with long-life, low-cost, world-class assets and supporting them through to production. In this interview with The Gold Report, Pullar plots the course for a handful of what he believes are world-class mining assets.The Gold Report: Please sum up your current vie...Read More

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