Potash Mining News

Argentina’s new government scraps mining taxes

President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.

Potash prices to fall even further — Mosaic

It expects to sell the key crop nutrient for $200-230 a tonne in the current quarter, compared to an average price of $254 a tonne in the previous three-month period.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Driest mines in North America

Some of the mines on this list get less than 100 mm of precipitation per year.

PotashCorp profits fell 50% in 4th quarter

The company recently announced the closure of its new potash mine in New Brunswick, resulting in the loss of up to 430 jobs.

CHARTS: Chinese supercycle can't be repeated

Mining hits a BRIC wall.

CHART: Stop panicking about Chinese growth

China’s slowdown is nothing new. Growth peaked in 2007 and had been on a clear downward trend since 2011.

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

PotashCorp mothballs Picadilly mine, leaves more than 420 jobless

The indefinite suspension of the Picadilly mine, in Canada's New Brunswick, is expected to cut the company's capital costs by $50 million in 2016 and $135 million over the next two years.

World's two biggest miners expected to cut dividend

Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.

BHP takes largest-ever write-down on US shale operation

The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets

One reason why no-one's buying bargain mines

Volatility and fair value.

Here are the top 10 legal risks Canadian businesses will face this year

New climate change regulations are believe to be the main challenge for Canadian businesses this year.

Worst year for US mining jobs since 1986

12 straight months of losses see 129,000 positions eliminated, the deepest jobs cuts in 29 years and the third worst annual decline since 1939.

Private capital won't touch mining

Only 0.6% of private capital raised in 2015 for natural resource investment is for mining projects–one wind farm fund attracted more than the entire sector.

Argentinian lithium-potash project sold for $5 million

Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.

Sirius Minerals to supply 500,000 tonnes of fertilizer a year to Chinese firm

The offtake deal with Huaken International is for seven years from the moment the York Potash mine is up and running.

Commodity price slump undercuts mining sector

Chinese demand kept Canadian mines humming - now there's too much supply of metals, minerals.

Study shows 96% of some mining jobs can be automated

INTERACTIVE INFOGRAPHIC: Don't just think truck drivers – 38% of first line mining supervisors' activities can be automated using CURRENT technology.

Canada’s Quebec okays $1.2 billion phosphate mine

The open-pit mine – the largest in Canada near an inhabited area – is expected to create 475 construction jobs and 375 permanent positions.

What to expect for 2016: Top predictions for the mining industry

Will commodities continue to “bump along the bottom” or is a recovery coming by mid-year? The jury is out.

Caterpillar to pay $74 million after found guilty of stealing trade secrets

England-based supplier Miller UK won a case filed five years ago, in which accused CAT of misusing classified information to produce its own coupler, rather than buying it from them.

2015: Twilight of the Supercycle

A look back at mining and metals in 2015 through MINING.com's most popular stories of the year.