The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
Potash Mining News
ICL, which also produces about a third of the world’s bromine, is the world’s sixth-largest producer of the fertilizer ingredient.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
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.
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
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.
A diamond drilling campaign is about to start at the Salobro Zinc Project.
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.
Michigan Potash Co. is closer than ever to start building a potash mine in the state.
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.
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.
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 expects to produce a total 500,000-600,000 tonnes of potash in 2018.
Several factors have led to the project delay, including cash availability and the struggling potash market.
Securing the debt will be the final milestone to bring the York project into production.
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.
Goderich has undergone a modernization process in the past six years, which requires less manual labour.
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."
Company said rising potash and phosphate prices boosted net sales.
The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.