Potash stocks Articles

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

Trump trade war blows up big week for mining majors

Jun. 15, 2018, 12:53 PM / Frik Els

Big mining blastedMining and metals investors were offloading the sector's big names on Friday over fears of the impact of a trade war between the US and China, which is responsible for nearly half the world's industrial metal demand and two-thirds of the world's seaborne trade in steelmaking raw materials.Copper fell nearly 3% to $3.13 a pound or $6,900 a tonne, pushing the bellwether metal back...Read More

RANKED: Commodities that are added to mining company names

Jun. 14, 2018, 8:35 AM / Michael Allan McCrae

Most mining companies have the word "gold" in their name, according to a study of Mining Intelligence company names.There are over 1,000 mining companies that use a variant of the word "gold" in their moniker. Some examples would be Barrick Gold (TSE:ABX) or Condor Gold (TSE:COG).Data comes from Mining Intelligence, which tracks over 13,000 mining companies.The second and third most popular commod...Read More

Brazil's new mining code rules rolled out

Jun. 14, 2018, 5:12 AM / Pinheiro Neto Advogados

Brazil's President Michel Temer signed Tuesday a decree instituting the new Mining Code Rules. This adds up to the set of Federal Government initiatives targeted at overhauling and updating the Brazilian regulatory framework for the mineral industry, and supervenes the current rules that have been in place for nearly 50 years by now.The erstwhile Mining Code Rules (instituted by Decree No. 62,934...Read More

Brazilian President changes decades-old mining laws to lure investment, protect environment

Jun. 12, 2018, 9:55 AM / Cecilia Jamasmie

Brazil's President Michel Temer issued Tuesday two decrees introducing key changes to the country's 50-year-old mining regulations, aimed at making the local industry more competitive and sustainable.The changes, announced by MINING.com last week, seek drawing investment to the sector while implementing rules on the collection of higher mining royalties and their distribution.Mining is regulated i...Read More

Australia takes over Chile as world's No.1 lithium producer

Jun. 12, 2018, 8:00 AM / Cecilia Jamasmie

Australia has taken over Chile as the world's largest lithium producing nation boosted mainly by record output at two major mines, data from United States Geological Survey (USGS) shows.Down Under produced 18,700 tonnes of lithium in 2017, according to the USGS, thanks mainly to Western Australia-based mines - Galaxy Resources' Mt Cattlin and Mt Marion, owned by Neometals and China's Jiangxi Ganfe...Read More

Brazil's President to change mining regulations as early as next week

Jun. 7, 2018, 10:15 AM / Cecilia Jamasmie

Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MINING...Read More

Rio Tinto signs JV exploration deal with China's Minmetals

Jun. 7, 2018, 5:58 AM / Cecilia Jamasmie

World's No. 2 miner Rio Tinto (ASX, LON:RIO) has joined forces with Minmetals, one of the biggest Chinese mining companies, to explore for mineral deposits first in the Asian country and then the rest of the world .The 50-50 joint venture with state-backed Minmetals follows a technical agreement signed in November, when both parties committed to collaborative search for new ore bodies."The formali...Read More

What are "critical" minerals and what is the US going to do about them?: Andy Home

May. 24, 2018, 10:44 AM / Reuters

(The opinions expressed here are those of the author, a columnist for Reuters.)LONDON, May 24 (Reuters) - NioCorp Developments, which is in the process of raising financing for a minerals project in Nebraska, has just seen its Toronto-listed shares surge from C$0.52 to $0.70 in the space of two days thanks to the U.S. government.NioCorp's planned mine and processing facility at Elk Creek will prod...Read More

Mergers and acquisitions in Canada stage exceptional comeback in Q1

May. 24, 2018, 10:20 AM / Cecilia Jamasmie

Canadian miners are definitively back in the mergers and acquisitions (M&A) game, with the value of such transactions hitting $25 billion during the first three months of the year, or 86% more than in the same period of 2017, though volume of deals was slightly down.Deals involving critical materials for the making of batteries that power electric cars, particularly lithium and cobalt, led the pil...Read More

US confirms list of 35 key minerals, targets domestic supply boost

May. 18, 2018, 10:51 AM / Reuters

TORONTO, May 18 (Reuters) - Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the United States deems essential to its economic and national security and wants to produce more of domestically.The Department of Commerce will use the list, which was published by the Interior Department on Friday and which confirms a draft issued in Februa...Read More

China's Tianqi Lithium buys minority stake in SQM for $4.07bn

May. 17, 2018, 8:00 AM / Cecilia Jamasmie

China's Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada's Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation's increasing hold over the market for the key component needed in the making of batteries that power electric vehicles."This is an attractive investment for Tianqi Lithium which fits well within our existing business strategy," Vivian Wu, president of...Read More

Israel Chemicals first quarter boosted by higher potash sales, capital gain

May. 10, 2018, 9:40 AM / Reuters

Israel Chemicals (ICL) on Thursday reported higher revenue and profit for the first quarter, boosted by a capital gain and increased potash sales at the world's sixth-largest producer of the fertiliser ingredient.ICL, which also produces about a third of the world's bromine, said it earned $928 million, compared with $68 million a year earlier. Excluding a capital gain from the $1 billion divestme...Read More

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

May. 9, 2018, 6:47 AM / Cecilia Jamasmie

Canada's Nutrien (TSX:NTR), the world's largest potash miner, is closer than ever to completing the sale of its 32% stake in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, and so fulfill a condition for the merger between Potash Corp. and Agrium, which created the company."[The sale] is progressing well," the company's chief financial officer, Wayne Richar...Read More

China lithium top player boosts investment in emerging Australian miner

May. 7, 2018, 5:00 AM / Cecilia Jamasmie

Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has given...Read More

Australia's Galaxy hires JP Morgan to advise on $376m-lithium project options

Apr. 30, 2018, 3:45 AM / Cecilia Jamasmie

Shares in Australia's Galaxy Resources (ASX:GXY) jumped Monday after it confirmed it had hired JPMorgan to evaluate "strategic options" for its Argentina-based Sal de Vida lithium and potash project.Move comes at a time when both battery and car companies, especially from China, are moving aggressively to secure steady lithium supply.The announcement followed a report in The Australian newspaper t...Read More

Why the lithium bears are wrong

Apr. 29, 2018, 7:45 AM / rickmills

Economics has been called "the dismal science" for its conclusions which often suggest miserable outcomes for humanity. The saying was born in the 19th century by Scottish writer and philosopher Thomas Carlyle, who was referring to economist Thomas Malthus. Malthus famously calculated that humanity was trapped in a world where population growth would outstrip resources and lead to widespread miser...Read More

China says Chile move to block $5bn SQM lithium deal could be harmful

Apr. 27, 2018, 3:38 AM / Cecilia Jamasmie

Chinese authorities intervened this week in favour of Tianqi's attempt to grab a 32% interest in Chile's Chemical and Mining Society (SQM), the world's second largest lithium producer, saying that any efforts to block the $5 billion deal could "leave negative influences."According to Chilean newspaper El Mercurio (in Spanish), Chinese Ambassador Xu Bu openly condemned the move by the country's dev...Read More

Caterpillar results prove global economy in good shape

Apr. 24, 2018, 9:40 AM / Cecilia Jamasmie

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, boosted Tuesday its 2018 profits forecast after beating estimates for first-quarter earnings on strong global demand for its equipment.For the three months ended on March 31, the Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported a net profit of $2.74 per share, above most a...Read More

Australian miner reports maiden potash resource in Germany

Apr. 17, 2018, 5:38 PM / Valentina Ruiz Leotaud

Melbourne-based Davenport Resources (ASX: DAV) reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence, located in Germany's South Harz region.Ebeleben, which covers 38.8 square kilometres, is one of three perpetual mining licences in the South Harz Basin that Davenport acquired recently from the government a...Read More