Potash stocks Articles

Gensource confirms the future of potash production with one feasibility study

Jun. 4, 2017, 5:19 PM / Palisade Research

Gensource Potash's feasibility study (FS) was largely in line with its preliminary economic assessments (PEA), validating the robust economics of Vanguard 1.The team erred on the side of prudence in the new study, increasing capital expenditures from US$190 million to US$210 million, while also incorporating a 25% contingency.Because of its joint venture with Essel Group ME (EGME), Gensource will...Read More

Michigan potash mine still in play

Jun. 2, 2017, 3:05 PM / Andrew Topf

Could Michigan become a potash producer to compete with the likes of Canadian behemoth PotashCorp (NYSE:POT) and U.S. fertilizer giant Agrium Inc.(NYSE:AGU)?While that seems a stretch, considering the high barriers to entry into a market dominated by a few large conglomerates, a media report surfaced this week indicating that Denver-based Michigan Potash Co. LLC, is proposing a $700 million potash...Read More

Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid

May. 29, 2017, 10:15 AM / Cecilia Jamasmie

While many still see space mining as science fiction, the US National Aeronautics and Space Administration (NASA) is fast tracking its planned mission to 16 Psyche - an iron ore and nickel rich asteroid, worth roughly $10,000 quadrillion.To put that value into perspective, the targeted celestial body's estimated value is more than the combined economy of our entire planet, guessed at $78 trillion,...Read More

BHP likely to open Jansen potash mine in Canada by 2023

May. 16, 2017, 9:20 AM / Cecilia Jamasmie

BHP (ASX, NYSE:BHP) (LON:BLT), the largest mining company by market capitalization, sees potash as a key commodity in which to base its future growth despite prices are still hovering around $230 a tonne, less than half what they were only five years ago.Speaking at the Bank of Merrill Lynch mining conference in Barcelona, Spain, chief executive Andrew Mackenzie confirmed the company's commitment...Read More

BHP's Mackenzie, Elliot Management face off

May. 16, 2017, 4:15 AM / Cecilia Jamasmie

BHP's chief executive Andrew Mackenzie had some "words of wisdom" for activist investor Elliott Management on Tuesday, as he addressed a mining-savvy audience at a Bank of Merrill Lynch conference being held in Barcelona, Spain.The head of the Melbourne-based firm, which only yesterday announced a $10 million rebranding campaign that will see it become simply "BHP," assured investors he could lift...Read More

BHP ditching 'Billiton' in $10 million rebranding move

May. 15, 2017, 5:39 AM / Cecilia Jamasmie

BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is rolling out a $10 million rebranding campaign that will see the world's largest mining company become simply "BHP" in an attempt to emphasise its Australian roots.The move, announced Monday, comes on the heels of calls from shareholders including activist investor Elliott Management and Australia's Tribeca Investment Partners to change its corporate struct...Read More

Work starts on controversial North York Moors national park potash mine

May. 10, 2017, 9:48 AM / Grough

Work has begun on constructing a controversial potash mine in the North York Moors national park.The park authority confirmed Sirius Minerals has started building the facility near Littlebeck, close to the route of the Coast to Coast Walk.Continue reading...Read More

Argentina to pass new mining law this week

May. 8, 2017, 7:48 AM / Cecilia Jamasmie

Argentine authorities, industry players and unions are expected to sign this week a long awaited federal mining agreement that unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector.The nation, once a favourite of mining investors, has fallen behind its neighbours Chile and Peru despite containing rich deposits of copper, gold, silver a...Read More

INFOGRAPHIC: The numbers behind the world's closest trade relationship

May. 4, 2017, 1:53 PM / Visual Capitalist

Courtesy of: Visual CapitalistWhether we're discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn't have to look far back to find what could be considered...Read More

K+S Potash cuts the ribbon at its Canada's Legacy mine, now Bethune'

May. 2, 2017, 8:07 AM / Cecilia Jamasmie

K+S Potash Canada, a subsidiary of German giant K+S Group, officially opened Tuesday its Legacy project in Canada's Saskatchewan, the first of its kind built in the province in more than 40 years."The Legacy project strengthens Saskatchewan's position as the world's leading potash producer and is another indicator the province's diversified and resilient economy is weathering economic uncertainty,...Read More

PotashCorp says expected sector recovery has already begun

Apr. 27, 2017, 5:28 AM / Cecilia Jamasmie

Canada's Potash Corporation of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, reported Thursday a higher-than-expected quarterly profit thanks lower costs and increased sales volumes.The Saskatoon, Saskatchewan-based company expects potash demand to remain strong this year, adding that its 2017 earnings outlook has improved since January on the back of re...Read More

Vale's first quarter profit lower than expected as rains hurt iron ore output

Apr. 27, 2017, 3:34 AM / Cecilia Jamasmie

Brazil's Vale (NYSE:VALE), the world's No.1 iron ore miner, logged Thursday net income for the first quarter that missed estimates, reflecting the impact of heavy rains that hampered output in the so-called northern system, which groups the Carajs, Serra Leste and S11D mines in northern Brazil, as well rising financial expenses.The Rio de Janeiro-based company reported a net income of $2.5 billion...Read More

BHP puts US shale assets back on the block amid investors pressure

Apr. 26, 2017, 3:48 AM / Cecilia Jamasmie

Mining giant BHP Billiton (ASX, NYSE:BHP), (LON:BLT) is once mulling the future of its US-based Fayetteville shale gas assets to focus on more lucrative opportunities in oil, but said decision was not related to activist investor Elliott Management's call earlier this month for an overhaul of the firm.The company, which last year logged its largest-ever write-down precisely on its US shale assets,...Read More

Caterpillar soars as first quarter sales jump for first time in over two years

Apr. 25, 2017, 3:47 AM / Cecilia Jamasmie

Shares in world's largest heavy machinery maker Caterpillar (NYSE:CAT) jumped Tuesday as it reported a first quarter profit that far exceeded estimates thanks to a long-awaited pick up in sales and improved demand.For the first time in more than two years, the Peoria, Illinois-based company registered an increase in sales in several of the industries it serves, which boosted its revenue and profit...Read More

FLSmidth key supplier for one of the world's largest greenfield phosphate rock projects

Apr. 18, 2017, 9:21 AM / FLSmidth

PRESS RELEASE, COPENHAGEN Canadian Arianne Phosphate has selected FLSmidth as key supplier for one of the world's biggest greenfield phosphate rock projects, the Lac Paul project in Quebec's Saguenay-Lac-Saint-Jean region. Arianne Phosphate, a Canadian development-stage phosphate mining company, has signed a memorandum of understanding with FLSmidth to provide all production equipment and enginee...Read More

Turkmenistan opens bid process for country's second potash plant

Apr. 18, 2017, 7:06 AM / Cecilia Jamasmie

Turkmenistan continues to expand into the potash market by opening Monday an international bid process for its second potash plant.The gas-rich nation, which cut the ribbon at a $1 billion potash plant last month, the first in the Central Asian nation, has been trying to diversify away from natural gas exports, as prices for the fuel remain weak due partly to rising US supply.The new plant, based...Read More

Another potash mine coming soon to Canada's Saskatchewan

Apr. 18, 2017, 5:56 AM / Cecilia Jamasmie

Western Potash, a subsidiary of Western Resources (TSX:WRX), seems to be finally moving ahead with its long-delayed Milestone project property in Saskatchewan, Canada, even though prices for the fertilizer ingredient remain weak.The company, which recently held one of many open houses in the community of Kronau, located about located 28 km (17.5 miles) southeast of Regina, said that instead of she...Read More

Potash producer Belaruskali to make new kind of fertilizer - report

Apr. 14, 2017, 8:55 AM / Cecilia Jamasmie

Belarus' state-owned fertilizer group Belaruskali plans to make a new kind of crops nutrient in partnership with Chinese companies in an effort to diversify its portfolio.According to Belaruskali's director general, Ivan Golovaty, the company is also mulling a number of investment options involving a Chinese chemical company, the country's news agency Belta reported.Those projects include the form...Read More

Iron ore, copper price plunge brings carnage to mining stocks

Apr. 12, 2017, 2:44 PM / Frik Els

Mining and metals investors were offloading the sector's big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea with President Trump sending an "armada" of US warships to the region.While gold was setting fresh 2017 highs on the back of safe haven buying, on the Comex market in...Read More

Veolia's HPD PIC Crystallizer Technology chosen by EuroChem to produce potassium chloride

Apr. 11, 2017, 9:44 AM / Veolia

EuroChem Group AG, a leading global fertilizer company headquartered in Zug, Switzerland, has selected Veolia Water Technologies' proven HPD crystallization technology for its VolgaKaliy Mine Expansion project in Russia's Volgograd region. The mine is scheduled to begin commercial operations in 2018, and the expansion, of which Veolia's crystallization project is part, is scheduled to start up in...Read More