Top Gainers$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %SinofertHKEX00297HKD0.870.022.30Israel ChemicalsTASEICLILS19.170.351.86K+SFWBSDFEUR16.380.281.74FMCNYSEFMCUSD82.041.361.69Compass MineralsNYSECMPUSD57.530.110.19Top Decliners$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); }...Read More
Canada's Nutrien Ltd, the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around the time that metals miner BHP is considering a move into potash.In a presentation to investors in Toronto, Chief Executive Chuck Magro said the additional capacity would consist of expansions to exis...Read More
Australia's Danakali's (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.The deals with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) could be finalized "any day" and are expected to...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Nutrien, the world's largest fertilizer company says it plans to reduce production capacity at a potash mine west of Saskatoon later this year, a decision that is expected to result in around 80 job losses.The company will cut 20 full-time salaried staff and 60 workers who are paid hourly from its Vanscoy mine in the third quarter of 2019.Continue reading...Read More
BHP on Tuesday admitted to institutional investors it "overinvested" in its Jansen potash project in Saskatchewan where the Anglo-Australian giant has already spent $2.7B over nearly six years.At a BofA Merrill Lynch mining and metals conference held in Barcelona, CEO Andrew Mackenzie said the company's "thinking around the project's initial scope has evolved":"However, Jansen remains an attracti...Read More
Australian lithium miner Kidman Resources Ltd said on Thursday it received a takeover offer from conglomerate Wesfarmers Ltd in a deal valued at about A$776 million ($544 million).The offer of A$1.90 per share represents a premium of 47.3 percent to Kidman's last closing price.Kidman said its board decided that the proposal was in the best interests of shareholders and would engage further with We...Read More
Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, has signed up Wall Street giant JPMorgan to provide financing in the form of bonds and credit up to about $3.8 billion.The bank is underwriting a $400 million share placement, launched on Tuesday, at a price between 15p to 18p per share. It is also using its balance sheet to provide a $2.5 bi...Read More
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
Shares in Sirius Minerals (LON:SXX), the British company building a huge fertilizer mine beneath a national park, jumped on Thursday after it announced it had secured a ten-year supply and distribution deal in Europe.The agreement with BayWa Agri Supply & Trade, will see the German agribusiness buy up to 2.5 million tonnes a year of polyhalite, a form of potash that is used in plant fertilizers....Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
The Mosaic Company, a Brazilian fertilizer maker, said on Thursday it will suspend production at its phosphate mines of Tapira and Catal??o after failing to obtain a deadline extension in order to provide stability certification for three of its tailings dams.Phosphate is a crucial fertilizer ingredient and Mosaic's operation is the largest in Brazil, which is a global leader in agriculture, produ...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
A conservation group is calling on the Saskatchewan government to do more after raising concerns about a proposed potash mine near the village of Sedley.CanPacific Potash is proposing a new 3.25 million tonne per year solution potash mine and submitted its environmental impact assessment to the province in January.Continue reading...Read More
A burgeoning interest in Canada's emerging cannabis sector, which spiked after recreational use of marijuana was legalized in October, is sucking investment capital away from the mining sector, and hitting juniors hardest, a new study shows.According to BDO's Sherif Andrawes, investments in Canadian cannabis companies increased from C$43 million to C$770 million from the first half of 2016 to the...Read More
Fertilizer Canada - representing manufacturers, wholesalers and retailers of nitrogen, phosphate, potash and sulphur fertilizers - has decried the lack of consultation with the Saskatchewan government before changes were made to the current potash taxation regime.Saskatchewan potash producers - Nutrien, BHP and Mosaic - had no input before the surprise provincial budget announcement that they may...Read More
A new mine in Saskatchewan will change the way potash is produced and sold.The Saskatoon-based Gensource Potash Corporation plans to build a mine between Eyebrow and Tugaske, about one hour northwest of Moose Jaw. The Vanguard One project is currently in the financing phase and if everything goes as planned, construction is expected to begin this spring.Construction will create about 150 jobs and...Read More
The logic behind BHP's potash play is strong, but investors won't be convinced to back it until the mining giant convinces itself.Continue reading...Read More
Shares in Sirius Minerals (LON:SXX), the British company building a huge potash mine beneath a national park in North Yorkshire, were off to the races on Tuesday as it has come up with an alternative financing plan for the project.The miner, which has been looking for a loan to develop Britain's biggest fertilizer mine since 2016, said it had received a conditional proposal from an unnamed financ...Read More