Potash Mining News

International Lithium estimates 25-year mine life at Mariana JV with new study

The project, located in Salta, Argentina, could produce 10,000 tonnes lithium carbonate equivalent per year over a 25 year mine life.

Losing licence to operate new and biggest threat to miners — EY

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

Brazil launches new mining agency days before Temer steps down

Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.

Navy admiral named Brazil’s Minister of Mines and Energy

Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.

BHP searching for assets with lessons learned during downturn in mind

The company’s chief financial officer has outlined a detailed plan on how to not waste a whole lot of shareholders’ money again.

Nutrien getting head office tax break, province won't disclose cost of subsidy

It remains unclear how many head-office jobs at Nutrien are being counted towards the incentive, with a Saskatchewan government official citing "confidential tax information" as the reason why.

Germany's K+S axes earnings guidance as severe drought hits production

The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

Nutrien permanently shutters New Brunswick plant

Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested.

Canadian miners’ performance in Q3 hit by lower metal prices

EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

Spend don't splurge, investors tell miners as M&A, capex surges

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

Amazon's mining treasure at stake as Bolsonaro leads Brazil vote

The mining community is salivating.

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

China chloralkali industry key driver of world salt market growth – report

World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.

DRA Global confirmed as preferred EPCM contractor for Colluli

DRA is a high quality multi-disciplinary global Project Management and Engineering group with strong African experience and EPCM delivery capability.

K+S flags $93m hit on Q3 profit due to drought

Transportation of considerable amounts of waste water to offsite storage basins will likely cause extra costs over the next few months.

Brazil's Vale shareholders near deal to pay Eletron $692m

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

Sirius Minerals buys its way into Brazil

Miner announced a share swap Monday, handing over £27m of stock for a 30 per cent stake in Cibra, Brazil's sixth largest distributor and a subsidiary of the privately held Omimex Group, a Texan oil and gas company.

German K+S halts production at 2nd site as severe drought drags on

Hattorf is the second site the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts.

Danakali banks on new investor mood to fund Eritrean mine

Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea.

Seven new powerhouses to drive mineral demand: EMR exec

"It is not just China."

China’s Sichuan Road to mine copper in Eritrea starting in 2019

The project, majority owned by a unit of Sichuan Road & Bridge, is a group of four deposits on the outskirts of the capital Asmara.

Planes and trains oust miners from top ranks of Canada benchmark

Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.

Nutrien steers potash recovery as BHP waits in the wings

Canada's Nutrien Ltd, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity.