Potash Mining News

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Australian miner reports maiden potash resource in Germany

Davenport Resources reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence.

Canada’s new player in Brazil gets to work

A diamond drilling campaign is about to start at the Salobro Zinc Project.

Private capital flowing into mining on track for record year

The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.

Future of $700-million Michigan potash project in regulators hands

Michigan Potash Co. is closer than ever to start building a potash mine in the state.

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Mine accident shows a potash market nervous about outages

Shares of some of the largest potash producers soared on speculation that the accident could knock out a large chunk of global production capacity.

Eurochem produces first potash at new $2 bln Russian plant

Eurochem expects to produce a total 500,000-600,000 tonnes of potash in 2018.

BHP's Jansen Potash mine development remains on hold

Several factors have led to the project delay, including cash availability and the struggling potash market.

Sirius seeks $2bn in government-backed debt for Britain’s biggest fertilizer mine

Securing the debt will be the final milestone to bring the York project into production.

Fifty-five workers back to surface after fire at potash facility in Saskatchewan

After spending almost an entire day at underground refuge stations, 55 workers at The Mosaic Company’s K2 potash facility made it safely to surface.

Compass Minerals lays off workers at world’s largest underground salt mine

Goderich has undergone a modernization process in the past six years, which requires less manual labour.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Mosaic says quarterly revenue rises 12 pct

Company said rising potash and phosphate prices boosted net sales.

US seeks to boost output of 35 minerals, reduce import reliance

The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Rio investors asked to push miner to leave Minerals Council of Australia

Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio’s upcoming annual general meeting.

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

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

K+S Potash Canada honoured to be named one of Saskatchewan’s Top Employers

This designation follows KSPC being named one of Canada’s Top 100 Employers for 2018 in November.