Potash stocks Articles

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

BHP Billiton announces new Chairman

Jun. 15, 2017, 5:32 PM / Valentina Ruiz Leotaud

The world's largest mining company, BHP Billiton (ASX, NYSE:BHP) (LON:BLT) announced today that Ken MacKenzie has been elected to succeed long-serving Chairman Jac Nasser.Following a formal process led by Senior Independent Director, Shriti Vadera, the new chairman will assume his post on September 1, 2017.Former CEO of global packaging company Amcor, MacKenzie joined the BHP board as a non-execut...Read More

Argentina passes mining act expected to create 125,000 new jobs

Jun. 14, 2017, 8:49 AM / Cecilia Jamasmie

Argentina's federal government and the governors of 20 out of 23 provinces have signed a long-awaited mining deal that harmonizes taxes and regulations, in a move aimed at jump-starting investment in the sector.The agreement, which still needs approval from Congress, sets a 3% ceiling on royalties mining companies pay to provinces. A second provincial tax, capped at 1.5%, will be allocated to fund...Read More

K+S Bethune mine in Canada churns out first tonnes of potash

Jun. 12, 2017, 6:06 AM / Cecilia Jamasmie

K+S Potash Canada, a subsidiary of German giant K+S Group, announced Monday it had produced the first tonnes of marketable potash in its new Bethune mine over the weekend.The mine, located in Canada's potash-rich Saskatchewan province, began operations last month and it's expected to produce 2 million tonnes per year once at full capacity, which is slated to achieve by the end of the year.Bethune...Read More

BHP to grow potash business to size of iron ore - report

Jun. 5, 2017, 11:14 AM / Cecilia Jamasmie

BHP (ASX, NYSE:BHP) (LON:BLT), the world's largest mining company by market capitalization, is considering to grow its potash business to the size of its iron ore division, but only under "certain circumstances."Speaking to Japanese newspaper The Nikkei, chief executive Andrew Mackenzie said that as part of the company's recently announced restructuring, BHP expects to reinvest what it gets for it...Read More

K+S Potash, Ducks Unlimited in $2.8 million project to protect wetland in Saskatchewan

Jun. 5, 2017, 10:49 AM / K+S Potash

Regina, Sask. - K+S Potash Canada (KSPC) has committed over $2.8 million in funding for wetland conservation through an agreement with Ducks Unlimited Canada (DUC) to ensure wetlands affected by the Bethune mine are offset through the restoration and preservation of wetlands across Saskatchewan. The agreement, based on a unique science-based formula developed by Saskatchewan's Ministry of Environm...Read More

Most potash shipped through Thunder Bay in a decade

Jun. 4, 2017, 6:07 PM / Andrew Topf

The potash market may be sputtering along with prices over half they were five years ago, but that isn't stopping a large volume of the fertilizer ingredient to be shipped through Thunder Bay, Ontario.While the majority of Canadian potash marketed and sold through Canpotex - the world's largest potash exporter - is moved through Neptune Bulk Terminals in Vancouver (and also Portland, OR) a smaller...Read More

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