Potash Mining News

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Hedge fund bet on Glencore backfires with $100m loss

London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.

BHP to exit shale within two years, sell nickel assets

“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

Russia bets on hungry China with $6bn fertilizer mines

EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.

Rio Tinto joins race for stake in world’s largest lithium miner

Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.

Canadian junior miners worth jumps for second year in a row

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

Sirius Minerals lands major Asian deal

The London-listed company sealed a 7-year commercial deal with Wilmar Group.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

New tool helps industry collect and share geoscience data

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Nexans to power the world’s largest potash mine

French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.

Clean mining project shortlisted for $950 million Canadian gov’t funding

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

K+S shares sink as salt firm's shake-up turns sour

Company will combine its salt and potash businesses to make savings and target customers more effectively.

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

PotashCorp hires banks to lead sale of stake in Chilean lithium producer

Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.

New chairman set to test BHP's commitment to Jansen potash

Ken Mackenzie vowed "to bring a fresh perspective to management’s ongoing process of reviewing the portfolio" and "the way we allocate cash".

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

More than 30 train cars carrying potash derail southeast of Saskatoon

Canadian Pacific Railway says it's not yet clear what caused about 35 train cars carrying potash to derail.

PotashCorp mulls selling stake in Chilean lithium producer SQM — report

Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.

Brazil judge blocks decree allowing mining in Amazon

Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.

K+S Potash Canada and Pacific Coast open handling and storage facility

The premises is the western port destination for potash from KSPC’s new multibillion dollar Bethune mine in southern Saskatchewan, the first new potash mine in Canada’s premiere potash belt in nearly 50 years.

BHP seeking $2 billion Jansen stake sale

Working with an investment bank to off-load 25% interest in giant potash project in Saskatchewan according to new report.

Brazil to let mining happen in Amazon area the size of Switzerland

The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.

Shale may be gone but BHP won't ditch potash

After pressure BHP is exiting oil and gas. Expect similar calls for shelving its $12 billion Jansen potash project in Saskatchewan to fall on deaf ears.