Potash stocks Articles

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

Canada's new player in Brazil gets to work

Apr. 10, 2018, 6:50 PM / Valentina Ruiz Leotaud

Following its acquisition of the Salobro Zinc Project from Vale and IMS Engenharia Mineral, Emerita Resources (TSXV: EMO) has received the necessary permits to start a diamond drilling campaign at the 1,209.75-hectare site, located in the southeastern state of Minas Gerais.In a press release, the Toronto-based firm said that it is targeting completion of the revised resource by the end of Q2/2018,...Read More

Private capital flowing into mining on track for record year

Apr. 9, 2018, 4:43 PM / Frik Els

Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds t...Read More

Future of $700-million Michigan potash project in regulators hands

Apr. 5, 2018, 9:03 AM / Cecilia Jamasmie

The faith of a controversial potash project in the state of Michigan may soon be defined, as regulators are considering a fresh proposal submitted by Michigan Potash Co.The Colorado-based company's plan includes the construction of a plant in central Michigan where the commodity, used as crop nutrient, will be treated.Michigan Potash seeks to extract the fertilizer ingredient through solution mini...Read More

World's top miner BHP quits global coal group over climate stance

Apr. 5, 2018, 3:35 AM / Cecilia Jamasmie

World's number one miner BHP (ASX:BHP) confirmed Thursday it has decided to leave the World Coal Association (WCA) over differences on climate change, but said it will keep its affiliation to the US Chamber of Commerce, which was also under review.The miner, which publicly supports the Paris climate accord, first signalled its intent to potentially leave the global coal-lobbying group last year, a...Read More

CHARTS: Mining rally running out of steam as copper price weighs

Apr. 2, 2018, 5:46 PM / Frik Els

Prices US$ at March 29, 2018. Source: LME, CME, UxC, ICE, TSIStock market, currency data @ March 29, 2018.Expectations of a boom in demand for battery raw materials as automakers move away from internal combustion engines kept cobalt and nickel prices on the boil during the first quarter.Cobalt is up another 24% in 2018 as it builds on a more than fourfold increase in value from record lows early...Read More

Mine accident shows a potash market nervous about outages

Mar. 16, 2018, 11:02 AM / Bloomberg News

(Bloomberg) - The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometer underground, trapping two workers.Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of some of the largest potash producers soared in New York and Toronto on speculation that the a...Read More

Eurochem produces first potash at new $2 bln Russian plant

Mar. 13, 2018, 11:43 AM / Reuters

MOSCOW, March 13 (Reuters) - Russia-focused fertiliser producer Eurochem said it has produced its first potash at its new $2 billion Usolskiy plant in Russia.The project may intensify competition among suppliers of the crop nutrient in the region, traditionally dominated by Russia's monopoly producer Uralkali and Belarusian miner Belaruskali.Privately-held Eurochem, one of the world's largest prod...Read More

BHP's Jansen Potash mine development remains on hold

Mar. 10, 2018, 11:11 AM / 620 WTMJ

BHP Billiton's Saskatchewan potash mine remains in a holding pattern.The Jansen Lake operation, about 135 kilometers east of Saskatoon, has been under development for several years.In a question and answer session Friday in Australia, Chief Financial Officer Peter Beaven said potash remains an attractive investment because there's more people, they need to eat, and the amount of arable land will e...Read More

Sirius seeks $2bn in government-backed debt for Britain's biggest fertilizer mine

Mar. 6, 2018, 11:42 AM / Cecilia Jamasmie

British company Sirius Minerals (LON:SXX), the company building a huge polyhalite mine beneath a national park, is looking to raise up to $2 billion in government-backed debt to finish building its fertilizer project in North Yorkshire.Delivering preliminary results for 2017, the company said its main focus this year will be securing up to $3bn from banks, including roughly $2bn under the governme...Read More

Fifty-five workers back to surface after fire at potash facility in Saskatchewan

Mar. 4, 2018, 10:38 AM / Valentina Ruiz Leotaud

After spending almost an entire day at underground refuge stations, 55 workers at The Mosaic Company's (NYSE:MOS) K2 potash facility in Saskatchewan made it safely to surface. Following a small underground fire, the workers were asked to stay at the safe spaces where they had access to drinking water and food items. In the meantime, staff just outside of the mine were running air monitoring tests....Read More

Shipping gauge shows iron ore, copper prices heading for fall

Feb. 25, 2018, 3:03 PM / Frik Els

Drifting into the doldrums?The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy and a leading indictor of commodity prices.In November 2015 t...Read More

Compass Minerals lays off workers at world's largest underground salt mine

Feb. 21, 2018, 5:53 PM / Valentina Ruiz Leotaud

Despite reporting increased revenue and operating earnings in 2017's last quarter, U.S.-listed Compass Minerals (NYSE:CMP) announced today that management fired 48 permanent workers from Goderich, the world's largest underground salt mine.The mine, named after the Ontario town where it is located, sits 1,800 feet under Lake Huron and provides a large portion of the 12.5 million tonnes of salt proc...Read More

Miners rich in cash are aiming for fat dividends, debt payments

Feb. 21, 2018, 4:35 AM / Bloomberg News

The mining industry is awash with cash, and so far it's got two main uses - pay down debt and reward investors.Three of the big four London-listed miners have released earnings this month, and it's clear the companies are doing what shareholders have demanded of them. Glencore Plc, which traditionally favored stuffing its war chest over rewarding shareholders, surprised the market with a $2.9 bill...Read More

Glencore gives investors $2.9bn in dividends after 'strongest' results ever

Feb. 21, 2018, 3:44 AM / Cecilia Jamasmie

Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its "strongest results on record", which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit.The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to continue doing what...Read More

Potash Investing - Potash Stocks, Mining Companies, Prices and News

Feb 21, 2018 / Staff reporter

ProducerTop Gainers$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %ValeBOVESPAVALE3BRL46.450.420.91ICLTASEICLILS14.640.070.48OrocobreASXOREAUD6.750.030.45Top Decliners$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %K+SFWBSDFEUR21.90-0.11-0.50Mo...Read More

Mining M&A jumps to 4-year high - expect more in 2018

Feb. 19, 2018, 10:43 AM / Frik Els

The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, boosted by a jump in money raised on stock exchanges to a six-year high.Mining and metals deals totalled $51 billion last year, up 15% from 2016. Activity was dominated by coal and steel transactions. However, the volume of deals fell 6% as M&A focus in the sector started shifting from dives...Read More