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Potash News Digest
Saturday 29 April 2017
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The Canadian miner, the world’s largest producer of the fertilizer by capacity, expects strong demand to continue this year as North American farmers seek to replenish soil nutrients after record harvests.

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.

Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.

The company is also said to be mulling a number of investment projects involving a Chinese chemical company.

JV company Vanguard Potash Corp would develop a small 250,000 tonnes per annum potash mine, initially.

Canadian Arianne Phosphate has selected FLSmidth as key supplier for one of the world's biggest greenfield phosphate rock projects, the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region.

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.

Encanto Potash Corp. is pleased to confirm the incorporation of the Encanto Potash Trading Company, a wholly owned subsidiary of Encanto Potash.

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