After spending almost an entire day at underground refuge stations, 55 workers at The Mosaic Company’s K2 potash facility made it safely to surface.
Mosaic Company Mining News
Company said rising potash and phosphate prices boosted net sales.
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
The South American miner wants to retain control of the TIPLAM port terminal, which is an asset originally included in the deal.
Sulphur prices rose to about $110 a tonne this quarter, $36 more than what the product cost last quarter.
French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
Case study of how favorable results were achieved with a new wireless communication network at Mosaic Four Corners' phosphate mines.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
The company also fell behind the consensus estimates for both earnings and revenue.
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.
Mosaic Co. has announced it will spend $1.7 billion to expand its K3 potash mine near Esterhazy, Saskatchewan.
The Ochoa mine could produce about 714,400 tons of sulphate of potash per year for a minimum of 50 years.
The acquisition will allow Mosaic to abandon its plans to build a $1.1-billion ammonia manufacturing plant in Faustina, Louisiana.
Now the potash industry may be opening up, creating more opportunities for companies to market themselves.