Potash News

Potash mining, investment and price news

Allana Potash sold to Israel Chemicals for $137 million

Cecilia Jamasmie | March 27, 2015
Allana Potash sold to Israel Chemicals for $137 million

The deal aims to speed up development of Allana’s promising Danakil potash project, in northeast Ethiopia.

Cecilia Jamasmie

Belaruskali deal with China dents other players’ chances

Cecilia Jamasmie | March 24, 2015
Belaruskali deal with China dents other players’ chances

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

Quebec okays $750M phosphate mine

Andrew Topf | March 19, 2015
quebec- map

The Quebec government has given the go-ahead to build a controversial phosphate rock mine in a region best known for Canadian iron ore mining.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

Potash producers rejoice — China likely to pay more for it this year

Cecilia Jamasmie | March 17, 2015
Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

‘Zombie’ miners pulling down TSX Venture exchange

Business in Vancouver | March 16, 2015

The plug should be pulled on these marginal junior miners, say investors.

Mosaic announces $1.7 billion potash mine expansion

CTV.ca | March 16, 2015

Mosaic Co. has announced it will spend $1.7 billion to expand its K3 potash mine near Esterhazy, Saskatchewan.

RBC predicts potash to offset oil losses in Saskatchewan

CBC Ottawa | March 12, 2015

RBC Economics is forecasting that the Saskatchewan economy will grow in 2015, even in the face of dropping oil prices.

Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

Cecilia Jamasmie | March 5, 2015
Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.

Highfield Resources gains grid power supply for Muga Potash from Iberdrola

Aussie Highfield Resources has added grid electricity supply to the growing list of infrastructure items ticked for its flagship Muga Potash Mine in northern Spain.

Sirius sees positive potash results

Yorkshire Evening Post | March 3, 2015

The company announced further positive results from trials comparing its polyhalite potash with ordinary potash.

Plenty of potash, but almost no low cost sources for crop production

US Geological Survey | March 3, 2015
Plenty of Potash, but almost no low cost sources for crop production

While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.

Potash Corp buys stake in Brazilian firm

Cecilia Jamasmie | March 3, 2015
Potash Corp buys stake in Brazilian firm

The move is a bet to become the company's main supplier and expand PotashCorp's presence in Latin America.

Charges against former Uralkali CEO dropped, potash price war imminent

Cecilia Jamasmie | February 22, 2015
Charges against former Uralkali CEO dropped, potash price war imminent

While criminal charges against Vladislav Baumgertner, former Uralkali CEO, were ditched, he may face further damages claims as part of the so-called potash case.

Chatham Rock’s underwater mining project rejected

Resource Investing News | February 18, 2015

Mineweb reported that the second underwater mining project proposed by Chatham Rock Phosphate Ltd. (NZE:CRP) has been rejected due to the potential environmental impact to the seabed.

Study confirms potash potential at Danakil Depression, Ethiopia

Andrew Topf | February 17, 2015
Allana Potash up sharply after latest Ethiopia milestone

The Norwegian fertilizer firm Yara International (OTCMKTS:YARIY) has confirmed the potential to mine potash from the Danakil Depression in northeastern Ethiopia.

Manitoba bid to start potash mine met with skepticism

Andrew Topf | February 15, 2015
Reed Copper project: The next mining milestone in Manitoba

The Canadian province of Manitoba is wading into the potash industry that has proven so lucrative to its neighbour, Saskatchewan.

Visual Capitalist

How junior mining companies hit the reset button

Visual Capitalist | February 6, 2015
mainly bronze bull looking at bear on street - 333

If a junior mining company is in a dire enough situation, they may hit the “reset” button and rollback their stock.

Potash Corp. profit jumps 77% on record sales

Cecilia Jamasmie | January 29, 2015
Potash Corp. profit jumps 77% on record sales

The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Mosaic setting bullish tone for potash in 2015

investorINTEL | January 20, 2015

Mosaic is expected to announce significantly higher profit for the fourth quarter than expected thanks to thriving sales of phosphate products.

Intrepid Potash announces date for fourth quarter earnings release

MarketWatch | January 20, 2015

The company plans to release its fourth quarter 2014 financial results on Wednesday, Feb. 18, 2015, after the market closes.

Canpotex secures potash demand from China in deal with Sinofert

Cecilia Jamasmie | January 20, 2015
Canpotex secures potash demand from China in deal with Sinofert

Minimum of 1.9 million metric tons of red standard-grade potash over three years.

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