Potash Mining News

China’s Tianqi Lithium buys minority stake in SQM for $4.1bn

The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.

Israel Chemicals first quarter boosted by higher potash sales, capital gain

ICL, which also produces about a third of the world’s bromine, is the world’s sixth-largest producer of the fertilizer ingredient.

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.

China lithium top player boosts investment in emerging Australian miner

Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.

Australia’s Galaxy hires JP Morgan to advise on $376m-lithium project options

Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.

Why the lithium bears are wrong

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

China says Chile move to block $5bn SQM lithium deal could be harmful

If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.

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.