Potash Mining News

Capital allocation: Canadian miners' top priority for 2017

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Phosphate mining firms set sights on Southern Africa’s sea floor

Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.

Gensource Potash, Essel Group to jointly develop small potash mine in Saskatchewan

The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

Billion-pound cash infusion clears path for UK potash mine

The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.

Potash Corp cuts production, lays off 140 from Cory mine

The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.

IC Potash moves forward with Ochoa project development

IC Potash Corp. is pleased to report today that it has agreed to accept US$2.5 million under the proposed amendment in the strategic investment commitment by Cartesian Capital Group, LLC of up to US$45 million, as previously announced.

Canada to fully phase out coal power by 2030

Gov’t will work with the four provinces that still burn coal to reach the goal of making sure 90% of Canada's electricity comes from sustainable sources by 2010.

Miners increased spending positive, but far from reaching staff just yet

While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.

How one small potash company will revolutionize a whole industry

The last half of 2016 has proven to be extraordinary for potash as several mega deals may finally re-spark the sector.

Moody’s downgrades Potash Corp. as fertilizer slump lingers

Moody’s Investor Service on Friday downgraded the credit rating of Potash Corp. of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company’s planned merger with rival Agrium Inc.

Luxembourg shoots for the stars, invests $28 million in Planetary Resources

The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Hatch granted new Canadian patent in potash and mineral salt cooling pond technology

Hatch is pleased to announce it’s been granted a new patent for potash and mineral salt pond crystallization—the only filed patent that has been validated to increase production over the “conventional wisdom” approach that is typically used today.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.

Equity markets all but closed for mining IPOs

Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.

Canadian miners trapped in elevator

Four employees at Agrium's Vanscoy potash mine spent six hours in an industrial elevator.

Vale board OK’s sale of fertilizer unit — report

Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.