Potash stocks Articles

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

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