Potash stocks Articles

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

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