Potash Mining News

World’s biggest miner hasn’t given up hope for potash

BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

Potash demand destruction likely in India, after gov't hints at subsidy cut

Already reeling from decades-low prices, potash miners are staring at another headwind, this time from India, a major importer of the crop fertilizer ingredient.

Canada losing ground as mining investment destination

Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

Weak finish for the Canadian Mining Eye Index in Q4 — EY

EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.

PotashCorp miners trapped underground after fire at Rocanville potash mine

No injuries were reported and work resumed the next day.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

Frank Holmes: Time to grab the commodity bull market by the horns

Frank discusses the gold and bond markets and how they have been driven by global uncertainty.

Potash Corp profit down 70% on weaker prices, expects challenging year ahead

The firm anticipates “challenging market fundamentals” in the phosphate-fertilizer market, adding that it is currently assessing the value of some assets, which may lead to writedowns.

Canadian energy firms at bigger risk from cyber, bomb attacks

The Canadian Security Intelligence Service (CSIS) warning highlights an additional risk for the energy sector

Vancouver junior inks $1 billion a year potash deal

Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.

Rio Tinto, Chinalco put an end to copper joint venture

The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.

BC court fight over treaty vs mineral rights

Companies claim land transfer is de facto expropriation without consultation.

Mosaic to reopen Colonsay potash mine in a matter of days

Decision to resume operations at the mine was based on Mosaic's expectations that 2017 will be a stronger year for the potash industry.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

World Bank on a Trump economy and commodities

World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.

INTERACTIVE: Mining emerges from slump

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

Encanto Potash up on offtake deal with Indian co-op

Agreement paves the way for Encanto to move from a previously announced memorandum of understanding to a commercial marketing and distribution contract with MTTC, one of the world’s top potash buyers.

Vale not giving up on Rio Colorado potash project just yet

Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.

China shakes up 2,000-year-old salt monopoly

Courts continued to imprison private salt sellers even in the past decade.

SLIDESHOW: Mining on the mend – 2016 year in review

The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.

CHART: China's economy growing fastest since 2013

Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.

Miners trapped at Canada’s Allan potash mine rescued and safe

The 114 miners who were trapped underground following a fire are now home and operations will resume today.

Vale to sell fertilizer business to Mosaic for $2.5 billion

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.