Potash stocks Articles

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

BHP Billiton Foundation launches two new transparency projects

Sep. 19, 2017, 11:07 AM / BHP Billiton

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC. The projects focus on enhancing corporate and government transparency to reduce corruption and contribute to sustainable development.Speakers at the event, which was held at the Brooking Institution, included Christine Lagarde, Managing Director of the Internation...Read More

BHP's shareholders to vote whether firm should leave Australia's top mining lobby group

Sep. 19, 2017, 6:02 AM / Cecilia Jamasmie

Shareholders of world's number one miner BHP (ASX, NYSE:BHP) (LON:BLT) will decide next month whether the company should quit Australia's top mining lobby group, following a resolution submitted by a local ethical investing group.The motions, put forward by the Australasian Centre for Corporate Responsibility (ACCR), argue that BHP should terminate paid annual membership in any industry groups who...Read More

More than 30 train cars carrying potash derail southeast of Saskatoon

Sep. 15, 2017, 3:08 AM / CBC News

Canadian Pacific Railway says it's not yet clear what caused about 35 train cars carrying potash to derail southeast of Saskatoon Friday morning.Nobody was injured in the derailment just west of Blucher, Sask., at about 7:55 a.m. CST.CP media spokesperson Martin Cej said the internal investigation has already started."Obviously we take this incident extremely seriously and we will be focused on sa...Read More

PotashCorp mulls selling stake in Chilean lithium producer SQM - report

Sep. 13, 2017, 9:23 AM / Cecilia Jamasmie

Canada's Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world's largest producer of the fertilizer by capacity, may sell its stake in Chilean lithium miner SQM to secure approval for its friendly merger with smaller rival Agrium (TSX, NYSE:AGU).PotashCorp, which holds 32% percent of SQM and has three of eight board seats, said earlier this week the Canadian competition bureau had okayed the mer...Read More

Indian uranium mine becomes dark matter lab

Sep. 4, 2017, 11:38 AM / Valentina Ruiz Leotaud

India's very first uranium mine, the Jaduguda mine located in the state of Jharkhand, now hosts a laboratory for conducting experiments in fundamental physics. The Jaduguda Underground Science Laboratory 550, built in a 37-square-meter cavern buried 905 metres and formerly used for storage, will focus on the search for dark matter. It was built by the Saha Institute of Nuclear Physics and it is ex...Read More

Brazil judge blocks decree allowing mining in Amazon

Aug. 30, 2017, 10:03 AM / Cecilia Jamasmie

A Brazilian court blocked Wednesday a controversial decree by President Michel Temer that would have opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining.The order, signed by federal judge Rolando Spanholo, "suspends possible administrative acts based on the decree," signed by Temer, local O'Globo reports (in Portuguese).It also determines that abolishing...Read More