The deal aims to speed up development of Allana’s promising Danakil potash project, in northeast Ethiopia.
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.
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.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.
The plug should be pulled on these marginal junior miners, say investors.
Mosaic Co. has announced it will spend $1.7 billion to expand its K3 potash mine near Esterhazy, Saskatchewan.
RBC Economics is forecasting that the Saskatchewan economy will grow in 2015, even in the face of dropping oil prices.
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.
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.
The company announced further positive results from trials comparing its polyhalite potash with ordinary potash.
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.
The move is a bet to become the company's main supplier and expand PotashCorp's presence in Latin America.
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.
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.
The Norwegian fertilizer firm Yara International (OTCMKTS:YARIY) has confirmed the potential to mine potash from the Danakil Depression in northeastern Ethiopia.
The Canadian province of Manitoba is wading into the potash industry that has proven so lucrative to its neighbour, Saskatchewan.
If a junior mining company is in a dire enough situation, they may hit the “reset” button and rollback their stock.
The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.
The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
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.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
Mosaic is expected to announce significantly higher profit for the fourth quarter than expected thanks to thriving sales of phosphate products.
The company plans to release its fourth quarter 2014 financial results on Wednesday, Feb. 18, 2015, after the market closes.
Minimum of 1.9 million metric tons of red standard-grade potash over three years.
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