Potash stocks Articles

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

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