Potash stocks Articles

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

DMT explores subsoil in the Dead Sea

Jul. 25, 2017, 2:52 PM / DMT GmbH & Co. KG

The world's 8th largest potash producer, the Jordanian firm Arab Potash Company Ltd., is engaging the services of the German engineering and exploration company DMT for a ground survey at the Dead Sea.In the Jordanian part of the sea, in the south-eastern area, depths, reliefs and coastal lines are to be mapped. In addition the layers and sediments below the seabed will be explored and characteriz...Read More

Caterpillar earnings beat estimates, shares hit five-year high

Jul. 25, 2017, 8:35 AM / Cecilia Jamasmie

Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) jumped Tuesday, touching a five-year high in early trading, as the company posted better than expected earnings for the second quarter and bulldozed its way to another outlook upgrade.Second-quarter revenues were up nearly $1 billion from a year ago, with earnings per share 40 cents higher as well.CAT now...Read More

Mosaic joins chorus calling BHP's Jansen potash mine plan unwise

Jul. 24, 2017, 11:28 AM / Cecilia Jamasmie

Mosaic (NYSE:MOS), the world's largest producer of finished phosphate products, became the latest potash sector actor to cast a doubt on BHP's recently announced plans to speed up the development of a giant potash mine in Canada.The US miner said Monday that for BHP to spend another $4.7 billion, prices for the fertilizer ingredient would have to at least double from currents levels or the investm...Read More

Luxembourg shoots for the stars with fresh space mining deal

Jul. 24, 2017, 3:51 AM / Cecilia Jamasmie

Luxembourg seems to be in a rush to achieve its goal of becoming Europe's hub for space mining, as it announced Monday a deal with a newly created company specializing in geolocation services and developing space infrastructure.Kleos Space, 100% owned by UK-based Magna Parva, is one of dozens of firms to have either settled in the tiny country or signed cooperation agreements with the government s...Read More

Activist investor Elliott calls BHP potash plans disastrous'

Jul. 20, 2017, 3:55 AM / Cecilia Jamasmie

Activist investor Elliott has attacked BHP's (ASX, NYSE:BHP) plans to speed up the development of a giant potash mine in Canada, warning it could be as "disastrous" as the firm's bet for US shale.New York-based Elliott, which has been pushing for an overhaul to BHP's business strategy and board, slammed the miner's recently disclosed idea of making its potash division as big as its iron ore unit.T...Read More

BHP to speed up Jansen development as potash demand to double by 2040

Jul. 17, 2017, 3:46 AM / Cecilia Jamasmie

While BHP's (ASX, NYSE:BHP) (LON:BLT) new chairman doesn't assume the role until September, pressure is already mounting on Ken Mackenzie, who supports plans to grow the firm's potash business to the size of its iron ore division.The world's largest mining company by market capitalization restated Monday its intentions to entering the crop nutrient market by accelerating its almost $13 billion Jan...Read More

Potash plan prompts $98 million road link in horn of Africa

Jul. 14, 2017, 8:56 AM / Bloomberg

Djibouti contracted a Kuwaiti company to build a $98-million road link to enable landlocked Ethiopia to ship its first potash output from a new Red Sea port, officials said.Kuwait City-based Mohammed Abdulmohsin Al-Kharafi & Sons Co. is constructing the 128-kilometer (79.5-mile) road connecting the harbor to the border, while Ethiopia plans to provide an 11-kilometer stretch on its side, according...Read More

Luxembourg becomes first European country to pass space mining law

Jul. 13, 2017, 6:46 AM / Cecilia Jamasmie

The government of Luxembourg is moving forward with an ambitious plan to profit from asteroid mining by passing Thursday a law that defines the conditions companies must fulfill to obtain a licence for launching a space mining mission.The bill, approved by a vast majority (55 votes against only two), makes the tiny nation the first European country to offer a legal framework ensuring private capit...Read More

Canada a global leader in mining exploration, innovation and diversity: PwC report

Jul. 12, 2017, 2:18 PM / PricewaterhouseCoopers Inc. ("PwC")

According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth. Canada led the way on equity financing in 2016, with the Toronto Stock Exchange (TSX) and TSX Venture Exchange responsible for 57% of global financings during the year, according to the TMX Group and S&P Global Market Intelligence.Key factors that contrib...Read More

Private capital says no to mining

Jul. 7, 2017, 4:37 PM / Frik Els

Source: Preqin Q2 2017 Fundraising UpdateAccording to a new report by private capital tracker Preqin, overall fundraising for natural resources investment, slowed dramatically in the second quarter of 2017 with 12 unlisted funds securing $5 billion in investor capital.Q1 2017 saw 21 funds raise a total of $27 billion, and Q2 represents a significant pullback from that level of activity according t...Read More

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Jul. 5, 2017, 5:31 PM / Frik Els

Tintaya concentrator Peru. Source: GlencoreAfter a banner 2016, the recovery in the mining sector slowed dramatically this year and in some instances fortunes reversed.At the half-year mark, the world's 50 largest listed firms are worth a collective $768 billion, adding nearly $12 billion in market capitalization to year-to-end June. The top 10 make up more than half the sector's worth.The vast ma...Read More

Potash Corp. and Agrium merged firm to be called Nutrien

Jun. 22, 2017, 3:25 AM / Cecilia Jamasmie

Canada's Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, will change its name to Nutrien once it completes a merger with smaller rival Agrium (TSX, NYSE:AGU).The deal, expected to close before year-end, will create the world's largest potash miner worth about $36 billion, including debt.Nutrien will be world's largest potash miner and No.2...Read More

K+S Potash Canada ready to serve North American market as new domestic rail cars are delivered

Jun. 21, 2017, 3:16 PM / K+S Potash

HAMILTON, ON - Today, K+S Potash Canada (KSPC) is pleased to accept their first domestic rail cars built by National Steel Car (NSC) in Hamilton, Ontario, the same manufacturer that produced the company's international fleet last fall. KSPC will take delivery of 200 cars beginning in August, and more cars will be added over the next years. These rail cars will transport potash from the company's B...Read More

IC Potash announces financing

Jun. 16, 2017, 11:28 AM / IC Potash Corp.

TIC Potash Corp. (TSX:ICP) (OTCQB:ICPTF) ("IC Potash" or the "Company") is pleased to announce a non-brokered offering of up to 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $1,000,000 (the "Offering").Each Unit will consist of (i) one common share of the Company (a "Common Share"); and (ii) one common share purchase warrant (a "Wa...Read More