Potash Mining News

Vale back in the black on higher iron ore prices, currency

Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

Vale gives its potash project in Argentina a second chance

The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.

Emerging trends in the mining industry

Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

X2 said to miss out on Anglo's Brazilian mines

Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Potash miners hit by increased competition, supply amid low prices

Analysts, companies expect prices to stay below 2015 levels for at least the next two years.

Canadian potash companies lack major 2016 supply deal

Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Here’s how much Canadian miners are currently making

They are definitely making more than those working in forestry, manufacturing, finance and construction.

Canada’s mining industry backs national carbon price

The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.

Canada unveils final anti-corruption law for the extractive sector

Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.

Canadians to develop space mining tool

Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.

Breakthrough aircraft to transform remote mining

Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.

Ultra-bearish call on copper, oil prices

Barclays says commodity gains this year not supported by fundamentals– sector vulnerable to wave of investor liquidation that could knock prices down 20–25%.

Afghanistan may contain large resources of undiscovered potash: USGS

Together with other Central Asian countries it is said to have the potential to hold between 39 and 54 billion metric tons of undiscovered potash resources.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.

Private capital is ready to invest $7 billion in mining

Half of private capital funds say it's easier to find attractive investments in the sector new study finds.

CAT sales show mining slump only getting worse

Industry bellwether Caterpillar's global mining equipment sales drop 42% as Asia-Pacific and Latin America orders fall off a cliff.

Karnalyte, Indian fertilizer co agree to build new potash mine

Karnalyte Recources (TSX:KRN) has inked a major deal with an Indian fertilizer manufacturer to build a new potash mine in Saskatchewan.

BHP's $14 billion Jansen potash becomes latest victim of commodities rout

BHP has cut $130 million from this year's planned $330 million capital expenditure to develop and study the feasibility of the project.

Warning of another string of mining bankruptcies in 2016

Rate of corporate defaults could be double historical average going back to 1920 says new study.

Here’s where mining investors should be placing their bets

As a country, however, Canada is falling out of favour.

PotashCorp to idle two mines temporarily

Allan and Lanigan will stop producing for 4 weeks starting on March 20.