Potash stocks Articles

Mosaic says quarterly revenue rises 12 pct

Feb. 19, 2018, 10:16 AM / Reuters

Mosaic Co, the world's largest producer of finished phosphate products, on Monday reported a 12 percent rise in net sales driven by higher potash and phosphates prices.Plymouth, Minnesota-based Mosaic sold 2.5 million tonnes of diammonium phosphate in the fourth quarter at an average price of $348 per tonne, up from $317 per tonne a year earlier.The U.S. fertilizer company's average potash selling...Read More

US seeks to boost output of 35 minerals, reduce import reliance

Feb. 16, 2018, 3:13 PM / Reuters

WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More

BHP takes $1.8 billion hit from US tax reform

Feb. 13, 2018, 5:45 AM / Cecilia Jamasmie

Mining giant BHP (ASX, NYSE:BHP) (LON:BLT) is taking a $1.8 billion hit from the major US tax reform package supported by President Donald Trump and passed by the Senate in DecemberThe Anglo-Australian miner said the charge, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million....Read More

Rio investors asked to push miner to leave Minerals Council of Australia

Feb. 5, 2018, 11:29 AM / Cecilia Jamasmie

Shareholders of world's second largest miner Rio Tinto (ASX, LON:RIO) are being recruited to demand the company quit Australia's top mining lobby group.The Australasian Centre for Corporate Responsibility (ACCR) is looking to persuade about 100 investors to co-file a resolution at Rio Tinto's upcoming annual general meeting, in which it will ask the group to leave the Minerals Council of Australia...Read More

Rio Tinto back in race for stake in world's largest lithium miner

Feb. 2, 2018, 11:50 AM / Cecilia Jamasmie

Global miner Rio Tinto (ASX, LON:RIO) is said to be once again chasing a $5bn stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, following the resolution of a long-dragged dispute between the company and the country's government over royalties in Salar de Atacama.The deal between SQM and Chile's development agency Corfo, reached last month, freed the lithium...Read More

Commodity boom has a dark side as cost creep erodes windfall

Feb. 2, 2018, 7:00 AM / Bloomberg

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More

These are top-10 global mining trends expected for 2018

Jan. 31, 2018, 3:00 AM / Cecilia Jamasmie

To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More

Caterpillar beats estimates again, delivers bullish outlook for 2018

Jan. 25, 2018, 3:23 AM / Cecilia Jamasmie

Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) were up almost 4% in pre-market trading on Thursday after the company posted results that beat investors' expectations.The Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported positive fourth quarter and full-year results and delivered bullish proj...Read More

K+S Potash Canada honoured to be named one of Saskatchewan's Top Employers

Jan. 24, 2018, 2:03 PM / KS Potash Canada

Saskatoon, Saskatchewan - K+S Potash Canada GP (KSPC) is honoured to be named one of Saskatchewan's Top Employers for the fifth year in a row. This designation follows KSPC being named one of Canada's Top 100 Employers for 2018 in November."K+S Potash Canada is honoured to be recognized as one of the Top Employers both provincially and nationally," said Dr. Ulrich Lamp, President and CEO of KSPC....Read More

Rio Tinto pulls offer for stake in world's largest lithium miner

Jan. 11, 2018, 6:58 AM / Cecilia Jamasmie

Global miner Rio Tinto (ASX, LON:RIO) is said to have ditched plans to own a stake in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, due to a mix of tricky politics and the fact that such miner is currently the target of several claims.Chilean authorities accuse SQM of underpaying royalties, environmental violations and illicit political financing, which have made...Read More

Vale closes sale of fertilizer business to Mosaic for $1.4 billion

Jan. 9, 2018, 7:06 AM / Cecilia Jamasmie

Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes the...Read More

Agrium, Potash Corp merger shouldn't have much of an impact yet

Jan. 5, 2018, 9:44 AM / The Western Producer

Farmers shouldn't be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one provincial producer group."(The merger is) a hard one to find a whole bunch of negatives or positives about it. A year from now it might be a different story," said Todd Lewis, president of the Agricultural P...Read More

Chile and Argentina to lead lithium output growth after 2018

Jan. 4, 2018, 5:03 PM / Valentina Ruiz Leotaud

A new report by BMI Research states that based on project pipelines, Chile and Argentina will lead lithium production in coming years, with the bulk of new capacity coming online in 2019."We have updated our lithium production forecasts for Chile and Argentina to reflect a relatively slower-moving project pipeline due to regulatory hurdles in the former and growing exploration efforts boosting lon...Read More

Vale to get $1.35 billion less for fertilizer business

Jan. 2, 2018, 11:12 AM / Valentina Ruiz Leotaud

Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, said in a securities filing on Tuesday that on January 8, 2018, it will conclude the sale of a fertilizer unit to US-based Mosaic Co. (NYSE:MOS) with adjustments. The changes will reduce the price tag of the sale by $1.35 billion. The South American miner revealed that it wants to retain control of the TIPLAM port terminal,...Read More

Potash Corp, Agrium win final approval to merge, forming Nutrien

Dec. 28, 2017, 4:17 PM / Reuters

WASHINGTON/CALGARY, Alberta (Reuters) - Potash Corp of Saskatchewan Inc (POT.TO) and Agrium Inc (AGU.TO) have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said on Wednesday.The two Canadian fertilizer and chemical companies agreed to divest two of Agrium's U.S. production facilities to ensure merger approval from the U.S. Federal Trade C...Read More

Millennial expands lithium operations in Argentina

Dec. 21, 2017, 4:34 PM / Valentina Ruiz Leotaud

Vancouver-based Millennial Lithium Corp. (TSX.V: ML) announced that it has entered into a final agreement with the Salta Provincial Energy and Mining Company for the acquisition of 2,492 hectares of claims known as the REMSA ground, in the Argentinian Pastos Grandes Salar.The property is contiguous to Millennial's current holdings in the area, which are located in the northwestern Salta province....Read More

Value of top 50 mining companies surge $140 billion in 2017

Dec. 20, 2017, 3:43 PM / Frik Els

Heading into 2018 the world's 50 largest listed firms are worth a collective $896 billion, adding $141 billion in combined market capitalization year-to-date, with the bulk of those gains recorded since July.Go back to the start of the mining industry's upswing around 18 months ago and $227 billion of wealth has been created for shareholders of the MINING.com Top 50.The top 10 make up more than ha...Read More

Sulphur prices spike, traditional fertilizer makers struggle

Dec. 19, 2017, 5:33 PM / Valentina Ruiz Leotaud

Tight global supplies that cannot be quickly increased and strong Chinese demand have risen sulphur prices to about $110 a tonne this quarter, $36 more than what the product cost last quarter, a report by Reuters reveals.But the upward trend is not recent and has created the steepest rise in the last two years. This means that fertilizer makers, such as No. 1 producer Mosaic Co.(NYSE:MOS) and the...Read More

CHART: High flying metals to fall back to earth in 2018

Dec. 15, 2017, 4:34 PM / Frik Els

Gold's looks like it's limping to the finish line with a $100 decline from it's 2017 high hit three months ago, but bullion bulls would probably feel happy about a second year of near double digit gains (provided the last fortnight of 2017 has no surprises in store).Silver's been a real disappointment this year with the precious metal failing to capitalize on the fact half of demand is from indust...Read More

Potash CEO meets with Chilean government amid stake sale

Dec. 7, 2017, 12:16 PM / Reuters

SANTIAGO, Dec 7 (Reuters) - Potash Corp of Saskatchewan Chief Executive Officer Jochen Tilk met on Thursday with authorities in Chile as the Canadian fertilizer company tries to divest its minority stake in Chilean lithium miner SQM ahead of its proposed merger with rival Agrium Inc.Tilk met with Eduardo Bitran, head of Chilean government development agency Corfo, which has been embroiled in a leg...Read More