Potash Mining News

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.

Lithium boom unlikely to disrupt potash market — analyst

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.

Israel seeks early re-tender of mining rights to shore up Dead Sea

The Dead Sea is seen as offering "unlimited supply" of minerals.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

Nutrien sells stake in Arab Potash to China’s SDIC

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Africa's richest man signs $650 mln Afreximbank loan for oil refinery

The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.

Eritrean potash deposit company readies London listing

Danakali Limited said joining the London Stock Exchange would help it raise the cash it needs to fund development of the Colluli deposit in eritrea.

Mr. Sam Farris succeeds Dr. Ulrich Lamp as President of K+S Potash Canada

Bethune is the K+S Group’s largest investment in North America to date. After officially opening in May of 2017, the mine became the first new solution potash mine in Saskatchewan in nearly 50 years.

Orion Resource Partners raising $500m in royalty, streaming fund

Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers.

Sirius Minerals soars after securing supply deal for Nigerian market

Shares in Sirius Minerals (LON:SXX) were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.