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.
Potash Mining News
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.
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.
Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea.
"It is not just China."
The project, majority owned by a unit of Sichuan Road & Bridge, is a group of four deposits on the outskirts of the capital Asmara.
Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.
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.
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.
The Dead Sea is seen as offering "unlimited supply" of minerals.
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.
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.
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.
The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.
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.
The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.
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.
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.
Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers.
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.
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.
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,
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.
No surprise who the winner is.
The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).