The last half of 2016 has proven to be extraordinary for potash as several mega deals may finally re-spark the sector.
Potash Mining News
Moody’s Investor Service on Friday downgraded the credit rating of Potash Corp. of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company’s planned merger with rival Agrium Inc.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
Hatch is pleased to announce it’s been granted a new patent for potash and mineral salt pond crystallization—the only filed patent that has been validated to increase production over the “conventional wisdom” approach that is typically used today.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Four employees at Agrium's Vanscoy potash mine spent six hours in an industrial elevator.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.
While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.
The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The deal, the biggest Canadian merger since CNOOC Ltd. bought Nexen Energy ULC in 2013, would create the world’s largest crop-nutrient supplier, worth about $36 billion.
Case study of how favorable results were achieved with a new wireless communication network at Mosaic Four Corners' phosphate mines.
All gold companies except for the top one.
Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.
Long-rumoured deal with US Mosaic to buy Brazilian unit worth up to $3 billion goes quiet.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.