Potash stocks Articles

K+S shares sink as salt firm's shake-up turns sour

Oct. 9, 2017, 7:49 AM / Reuters

German minerals company K+S plans to combine its salt and potash businesses to make savings and target customers more effectively, it said on Monday, disappointing investors hoping for a more far-reaching overhaul.Shares in the world's biggest salt producer and No.5 seller of potash fell as much as 7 percent after it also delayed by a year to 2019 a goal to return to positive free cash flow.K+S ha...Read More

Brazil's president revokes decree allowing mining in Amazon

Sep. 26, 2017, 6:55 AM / Cecilia Jamasmie

Brazilian President Michel Temer has yielded to global pressure from environmentalists, artists and a number of NGOs and revoked Tuesday a controversial decree that would have opened up a vast national reserve in the country's Amazon, larger than the size of Switzerland, to mining.The order, published in the government's gazette (in Portuguese), also keeps the protected status of the National Rese...Read More

PotashCorp hires banks to lead sale of stake in Chilean lithium producer

Sep. 25, 2017, 11:15 AM / Cecilia Jamasmie

Canada's Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, is said to have hired Goldman Sachs and BofA Merrill Lynch to explore selling its stake in a Chilean lithium producer.PotashCorp, which holds 32% of Chile's Sociedad Quimica y Minera (SQM) and has three of eight board seats, is evaluating selling its part in the company to secure appr...Read More

New chairman set to test BHP's commitment to Jansen potash

Sep. 20, 2017, 11:21 AM / Frik Els

Last month, BHP gave into demands from activist investor Elliott Advisors announcing that it's actively seeking to exit oil and gas, a business it acquired just six years ago for $20 billion (and worth much less today).Elliot - and other investors - also had harsh words for BHP when it come to potash after the Anglo-Australian giant made the crop nutrient a pillar of its longer-term ambitions.BHP'...Read More

BHP Billiton Foundation launches two new transparency projects

Sep. 19, 2017, 11:07 AM / BHP Billiton

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC. The projects focus on enhancing corporate and government transparency to reduce corruption and contribute to sustainable development.Speakers at the event, which was held at the Brooking Institution, included Christine Lagarde, Managing Director of the Internation...Read More

BHP's shareholders to vote whether firm should leave Australia's top mining lobby group

Sep. 19, 2017, 6:02 AM / Cecilia Jamasmie

Shareholders of world's number one miner BHP (ASX, NYSE:BHP) (LON:BLT) will decide next month whether the company should quit Australia's top mining lobby group, following a resolution submitted by a local ethical investing group.The motions, put forward by the Australasian Centre for Corporate Responsibility (ACCR), argue that BHP should terminate paid annual membership in any industry groups who...Read More

More than 30 train cars carrying potash derail southeast of Saskatoon

Sep. 15, 2017, 3:08 AM / CBC News

Canadian Pacific Railway says it's not yet clear what caused about 35 train cars carrying potash to derail southeast of Saskatoon Friday morning.Nobody was injured in the derailment just west of Blucher, Sask., at about 7:55 a.m. CST.CP media spokesperson Martin Cej said the internal investigation has already started."Obviously we take this incident extremely seriously and we will be focused on sa...Read More

PotashCorp mulls selling stake in Chilean lithium producer SQM - report

Sep. 13, 2017, 9:23 AM / Cecilia Jamasmie

Canada's Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, may sell its stake in Chilean lithium miner SQM to secure approval for its friendly merger with smaller rival Agrium (TSX, NYSE:AGU).PotashCorp, which holds 32% percent of SQM and has three of eight board seats, said earlier this week the Canadian competition bureau had okayed the mer...Read More

Indian uranium mine becomes dark matter lab

Sep. 4, 2017, 11:38 AM / Valentina Ruiz Leotaud

India's very first uranium mine, the Jaduguda mine located in the state of Jharkhand, now hosts a laboratory for conducting experiments in fundamental physics. The Jaduguda Underground Science Laboratory 550, built in a 37-square-meter cavern buried 905 metres and formerly used for storage, will focus on the search for dark matter. It was built by the Saha Institute of Nuclear Physics and it is ex...Read More

Brazil judge blocks decree allowing mining in Amazon

Aug. 30, 2017, 10:03 AM / Cecilia Jamasmie

A Brazilian court blocked Wednesday a controversial decree by President Michel Temer that would have opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining.The order, signed by federal judge Rolando Spanholo, "suspends possible administrative acts based on the decree," signed by Temer, local O'Globo reports (in Portuguese).It also determines that abolishing...Read More

K+S Potash Canada and Pacific Coast open handling and storage facility

Aug. 28, 2017, 3:48 AM / Cecilia Jamasmie

K+S Potash Canada (KSPC) and Pacific Coast Terminals (PCT) celebrated Monday the opening of a state-of-the-art potash handling and storage facility at PCT's Port Moody terminal.The port facility is the western port destination for potash from KSPC's new multibillion dollar Bethune mine in southern Saskatchewan, the first new potash mine in Canada's premiere potash belt in nearly 50 years. KSPC, a...Read More

BHP seeking $2 billion Jansen stake sale

Aug. 25, 2017, 11:48 AM / Frik Els

BHP is considering selling a 25% stake in Jansen, its Canadian potash project, according to a Reuters report quoting anonymous sources.The Anglo-Australian mining giant is working with an investment bank for the potential sale and according to the report a deal "could be worth close to $2 billion."If you bring in a partner, you can share the capital and risk and, depending on who the partner is,...Read More

Brazil to let mining happen in Amazon area the size of Switzerland

Aug. 24, 2017, 5:20 AM / Cecilia Jamasmie

Brazil's president Michel Temer has opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining and mineral exploration, as part of a broader plan to fuel economic activity in the country.The presidential decree, published Wednesday in the official government gazette, abolished the protected status of the National Reserve of Copper and Associates (Renca), which...Read More

Shale may gone but BHP won't ditch potash

Aug. 23, 2017, 4:19 PM / Frik Els

On the face of it BHP caved into demands from activist investor Elliott Advisors when it suddenly announced this week that it's actively seeking to exit oil and gas.When it comes to potash however, the Melbourne-based company (Elliott also wants BHP to ditch its Australian listing, but that's a fight - or should that be stoush - for another day) appears to be digging in its heels.If you were looki...Read More

BHP Billiton to replace two directors in board shake-up

Aug. 23, 2017, 2:47 AM / Reuters

Global miner BHP Billiton on Wednesday unveiled a board shakeup that will see controversial director Grant King step down six months after joining the company amid concerns among investors over oil investments.King, a former chief executive of Origin Energy, was once tipped to succeed Jac Nasser as chairman of the world's biggest mining company, but was passed over earlier this year for fellow boa...Read More

BHP says not to seek go-ahead for its Jansen potash project in 2018

Aug. 21, 2017, 7:21 PM / Reuters

SYDNEY, Aug 22 (Reuters) - BHP Billiton said it will not be seeking approval for its Jansen potash project in the 2018 calendar year due to uncertain timing on the need for the commodity used as fertilizer."We will not be seeking board approval for Jansen this year," Chief Financial Officer Peter Beaven told an analyst briefing after the company reported a five-fold lift in annual underlying profi...Read More

Mining industry can now predict opposition to projects before it's too late

Aug. 7, 2017, 4:12 AM / Cecilia Jamasmie

Newmont Mining, the world's 2nd largest gold miner, walked away from its $5 billion Conga copper and gold project in Peru in 2016, due to relentless community opposition. (Image courtesy of Golda Fuentes | Flickr.)It's sounds too good to be true, but a new company is proving miners they can foresee opposition or any other form of social conflict related to their projects, before they even attempt...Read More

Caterpillar in search of new CFO as Halverson to retire next year

Aug. 1, 2017, 6:41 AM / Cecilia Jamasmie

World's largest mining and construction equipment maker Caterpillar (NYSE:CAT) announced Tuesday that its chief financial officer Brad Halverson would retire in early 2018, after spending nearly three decades with company.Halverson, who joined the Peoria, Illinois-based company in 1988 as an accountant, has also served as CAT's group president since January 2013."Brad assumed the CFO role just as...Read More

Mining jobs in Canada to go begging: MiHR report

Jul. 30, 2017, 5:43 PM / Andrew Topf

A torrent of retirements over the next 10 years is poised to wreak havoc on the mining labour market in Canada.While the unemployment rate in mining, quarrying and oil and gas has improved in 2017 from the summer of 2016 - from 10% to 7% - the next decade is going to be challenging for the industry as it seeks to replace older workers who are turning in their coveralls and enjoying their golden ye...Read More

Here's how to avoid being caught in mining scams

Jul. 26, 2017, 4:32 AM / EduMine

Calling a class "bullshit," and in public, would normally be considered inappropriate, but there's one where students can get away with it.Two University of Washington professors are teaching a course to help learners "think critically about the data and models that constitute evidence in the social and natural sciences," according to the introduction to the course.At the end of it, students shoul...Read More