Potash stocks Articles

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

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