Potash stocks Articles

Rio Tinto appoints one of its own as the company's new chairman

Dec. 4, 2017, 3:18 AM / Cecilia Jamasmie

World's second largest miner Rio Tinto (ASX, LON, NYSE:RIO) ended Monday a nine-month search for a new chairman, announcing industry veteran Simon Thompson as the person who will assume the post in March.The appointment of Thompson (58), one of Rio Tinto's non-executive directors, who is a former investment banker and senior executive with Anglo American (LON:AAL), follows a flurry of speculation...Read More

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Nov. 29, 2017, 9:15 AM / Cecilia Jamasmie

Canada's Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, confirmed Wednesday rumours pointing at Chinese firms hoping to buy the miner's stake in Chilean lithium producer SQM.SQM became a target of international firms after PotashCorp announced it would sell its 32% stake in it, worth about $4.5 billion at current market values. The move wa...Read More

Luxembourg, Japan team up to explore and mine space resources

Nov. 29, 2017, 8:01 AM / Cecilia Jamasmie

Luxembourg seems to be in a rush to become Europe's hub for space mining, as it announced Wednesday yet another deal aimed at boosting boost the exploration and the commercial utilization of resources from near earth objects, such as asteroids.The fresh agreement, this time with Japan, is part of Luxembourg's SpaceResources.lu initiative launched last year to promote the mining of celestial bodies...Read More

Brazil mining code unchanged as Senate fails to vote on bill

Nov. 29, 2017, 3:16 AM / Cecilia Jamasmie

Brazil's Senate has not approved a temporary decree issue by President Michel Temer in July changing some sections of the current mining code, aimed at making the country's industry more competitive and sustainable.Before opening Tuesday's session, Brazil's lower house of Congress removed from the agenda the discussion of the provisory measure No. 790, which modified the country's mining law.Among...Read More

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Nov. 27, 2017, 9:16 AM / Cecilia Jamasmie

Plans to name former Xstrata chief executive Mick Davis, the current leader of Britain's ruling Conservative Party, as chairman of Rio Tinto (ASX, LON:RIO) have been abandoned due to investors pressure.According to Sky News, Davis is "no longer in the running" to replace Jan du Plessis in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of t...Read More

Chile lithium miner SQM says legal dispute could linger through 2018

Nov. 23, 2017, 12:23 PM / Reuters

SANTIAGO, Nov 23 (Reuters) - Chilean lithium and fertilizer producer Sociedad Quimica Y Minera (SQM) said on Thursday its ongoing legal dispute with Chilean authorities over royalty payments may not be resolved until the end of 2018.Talks to resolve the arbitration between SQM and Chilean government development agency Corfo ended at an impasse in October, leaving the fate of the company's lease in...Read More

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

Nov. 23, 2017, 8:54 AM / Cecilia Jamasmie

Mining companies operating in Brazil are warning the government the recent approval of a bill that hikes royalties for iron ore and gold may end costing the country much more than what it would potentially gain.In a vote Wednesday, Brazil's lower house of Congress passed a bill that would increase royalty rates on iron ore by 75% and by 50% for gold, while it would cut those for potassium.If it be...Read More

World's largest potash producer to report negative growth: analysts

Nov. 21, 2017, 4:43 PM / Valentina Ruiz Leotaud

Canada's Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT), the world's largest producer of the fertilizer by capacity,is expected to post $901.37 million in sales for the current quarter, according to a new report by Zacks Investment Research.Two analysts have provided estimates of POT's earnings, with the lowest sales estimate coming in at $901.23 million and the highest estimate coming in...Read More

Canada's Wealth Minerals, Chinese firm to bid for world's largest lithium miner

Nov. 21, 2017, 3:21 AM / Cecilia Jamasmie

Canada's Wealth Minerals (TSX-VE:WML) and Chinese private equity firm GSR Capital are said to be weighing an investment in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer.The two firms, mentioned in a Reuters report, are just the latest names in a long list of companies said to be interested in grabbing a stake in the Santiago-based miner.Last week, world's second l...Read More

Hedge fund bet on Glencore backfires with $100m loss

Nov. 17, 2017, 9:37 AM / Reuters

* Lansdowne Partners loses $100 million from short in 2017* Glencore stock up 29 percent so far this year* Viking, Discovery, Passport abandoned shorts in 2016 - filingsBy Maiya Keidan and Barbara LewisLONDON, Nov 17 (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surpr...Read More

BHP to exit shale within two years, sell nickel assets

Nov. 16, 2017, 3:57 AM / Cecilia Jamasmie

World's largest miner BHP (ASX, NYSE:BHP) (LON:BLT) expects to fully divest its US oil and gas business, which it acquired in a $20 billion deals spree in 2011, and is also seeking a buyer for its nickel business in Australia.The announcements, made by chief executive Andrew Mackenzie during a conference call with investors and media on Thursday, come on the heels of global fund manager Aberdeen S...Read More

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Nov. 14, 2017, 3:47 AM / Cecilia Jamasmie

Former Xstrata chief executive Mick Davis, the current leader of Britain's ruling Conservative Party, is said to be the frontrunner to become Rio Tinto's new chairman.People familiar with the matter told Sky News the South African-born businessman has held talks with Rio over the position held until the end of the year by retiring chairman Jan du Plessis.Davis could face competition from internal...Read More

Russia bets on hungry China with $6bn fertilizer mines

Nov. 8, 2017, 1:15 PM / Bloomberg News

(Bloomberg) - China's dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world's richest billionaires.EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6 billion on two mines to produce potash, a reddish mineral found deep in the Earth that's prized for its ability as a soil fertilizer....Read More

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

Nov. 8, 2017, 8:26 AM / Cecilia Jamasmie

Rio Tinto (ASX, LON:RIO) is said to be weighing an investment in Chile's Chemical and Mining Society (SQM), the world's largest lithium producer, becoming the latest in a long line of companies interested in grabbing a stake in the Santiago-based miner.According to Chilean news site El Mostrador (in Spanish), the Anglo-Australian giant is eying the 32% interest in SQM that Canada's Potash Corp. of...Read More

Canadian junior miners worth jumps for second year in a row

Nov. 6, 2017, 10:25 AM / Cecilia Jamasmie

The rising number of exploration projects, equity and debt financings, as well as mergers and acquisitions, indicates a renewed confidence in the junior sector. (Image: Pure Gold Mining's Madsen gold project in Ontario's Red Lake gold camp.)After years of struggling following a drop in commodity prices, Canadian junior miners are seeing renewed confidence in the sector with valuations rising for t...Read More

Sirius Minerals lands major Asian deal

Oct. 26, 2017, 6:43 PM / Valentina Ruiz Leotaud

Sirius Minerals PLC (LON:SXX) shares advanced around 5% on Thursday as the company sealed a 7-year commercial deal with Wilmar Group, a Singapore listed agribusiness firm, which will have exclusive rights for the use and resale of POLY4 in Indonesia, Malaysia, Vietnam, Thailand, Philippines and Myanmar.POLY4 is the fertiliser product that will be made at Sirius' Woodsmith Mine in North Yorkshire,...Read More

Brazil congressional committees vote on reforms helping small miners

Oct. 24, 2017, 4:15 PM / Reuters

By Jake SpringBRASILIA, Oct 24 (Reuters) - Brazilian congressional committees approved one plank of sweeping mining reforms on Tuesday, amending President Michel Temer's proposals to favor smaller miners, with votes on the two other measures delayed to Wednesday.Temer proposed the policies raising royalties, overhauling regulations and creating a new government agency in three separate decrees in...Read More

New tool helps industry collect and share geoscience data

Oct. 20, 2017, 11:32 AM / GlobeNewswire

The Prospectors & Developers Association of Canada (PDAC) is gearing up to launch the Exploration Assessment Digital Data Formats (EADDF) guidelines, a practice that is expected to improve discovery rates of mineral exploration in Canada.The guidelines propose a uniform national standard for digital data submission for jurisdictional mine recording offices."The idea behind the guidelines is to hav...Read More

Nexans to power the world's largest potash mine

Oct. 17, 2017, 3:07 AM / Nexan

As the global population continues to grow, potash, one of the key ingredients in agricultural fertilizer, will play an increasingly important role in the world's future. To meet the growing demand, Mosaic, the world's leading producer of potash and phosphate crop nutrients, has selected Nexans to supply power cables and support services for their $1.7 billion expansion project which will make its...Read More

Clean mining project shortlisted for $950 million Canadian gov't funding

Oct. 11, 2017, 8:05 AM / Cecilia Jamasmie

Canada's federal government has chosen a mining sector's clean resources project as one of the nine so-called "supercluster" proposals that could qualify for a piece of a $950-million federal fund Ottawa hopes will boost the country's economy and job creation.CLEER (Clean, Low-energy, Effective, Engaged and Remediated) was short-listed in recognition of its potential to generate significant enviro...Read More