Potash News

Potash mining, investment and price news

PotashCorp invests in technology for Aboriginal education

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More than 200 local Aboriginal students started the school week off with a special boost thanks to new educational technology donated by PotashCorp and One Laptop per Child (OLPC) Canada.

Can the mining industry diversify itself?

The mining industry is said to be one of the worst performers in matters of gender diversity. In fact, women represent only 16% of the workforce in the mining sector.

Cecilia Jamasmie

Struggling Argentina expects US$14 billion in mining exports

Cecilia Jamasmie | May 21, 2015
Struggling Argentina expects US$14 billion in mining exports

The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.

K+S on track to begin producing potash from Legacy mine next year

Cecilia Jamasmie | May 19, 2015
KplusS Potash 400 333

Legacy will be the first new potash mine built in Canada's Saskatchewan in the last 40 years.

India’s higher potash import price threatens volumes

Mining Weekly | May 19, 2015

Having failed in a bid to avoid a price hike in the first two potash import deals for the financial year, fertilizer producers in India expected inward shipments of fertiliser minerals to drop during 2015/16.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

Mosaic announces new $1.5bn share repurchase authorization

PR Newswire | May 15, 2015

The move would allow the potash firm to reacquire Class A or common shares, through open market purchases, accelerated share repurchase arrangements, privately negotiated transactions or otherwise.

Barclays Lowers Potash Corp./Saskatchewan Price Target to $36.00 (POT)

CADWire | May 10, 2015

Research analysts at Barclays decreased their price target on shares of Potash Corp./Saskatchewan (NYSE:POT) from $37.00 to $36.00.

Potash to outweigh effects of low oil prices in Saskatchewan's economy — BMO

Cecilia Jamasmie | May 5, 2015
Potash to outweigh effects of low oil prices in Saskatchewan's economy — BMO

While oil production is expected to drop by 4% this year, potash output will jump 8%, BMO forecasts.

Survival guide for the mother of all bear markets from veteran bottomfisher John Kaiser

The Mining Report | May 5, 2015
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In this frank assessment of everything from gold and diamonds to potash and zinc, Kaiser Research Online author John Kaiser names for The Mining Report readers the companies that could be swept up in a rush to security of supply.

Uralkali Contract with Indian Company Could Stimulate Potash Demand

Investing News Network | May 5, 2015

When it comes to major deals in the potash space, 2015 has been a little sluggish.

Karnalyte squares off with dissidents as potash project awaits financing

Financial Post | May 1, 2015

You cannot make this stuff up. But here’s the state of affairs at Calgary-based Karnalyte Resources, a company “in the business of development and production of premium potash and magnesium products.”

Shares sink as Potash Corp. slashes 2015 forecast on price outlook

Globe and Mail | April 30, 2015
BHP going after PotashCorp again: report

Tthe world’s largest fertilizer producer, cut its full-year earnings forecast because of higher taxes and lower income from foreign investments.

China expands stake in Russian potash miner Uralkali

Cecilia Jamasmie | April 21, 2015
China grabs stake in Russian potash miner Uralkali

Two Chinese banks are among the eight institutions that have provided Uralkali a $530 million loan.

Allana Potash held talks with Chinese construction giant before ICL deal

Financial Post | April 20, 2015

China’s largest construction company was in talks to buy a controlling stake in Allana Potash Corp. that was worth more than the takeover bid the junior miner eventually accepted.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Canpotex finalizes pricing deal with China

Cecilia Jamasmie | March 30, 2015
Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

BHP wants strikes to be ‘last resource’ for workers

Cecilia Jamasmie | March 30, 2015
'Skinny' South32 disappoints on debut

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

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
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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.

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