Potash Mining News

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.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Rio investors asked to push miner to leave Minerals Council of Australia

Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio’s upcoming annual general meeting.

Rio Tinto back in race for stake in world’s largest lithium miner

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

K+S Potash Canada honoured to be named one of Saskatchewan’s Top Employers

This designation follows KSPC being named one of Canada’s Top 100 Employers for 2018 in November.

Rio Tinto pulls offer for stake in world’s largest lithium miner

Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.

Vale closes sale of fertilizer business to Mosaic for $1.4 billion

Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.

Agrium, Potash Corp merger shouldn’t have much of an impact yet

Farmers shouldn’t be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one provincial producer group.

Chile and Argentina to lead lithium output growth after 2018

The bulk of new capacity would come online in 2019.

Vale to get $1.35 billion less for fertilizer business

The South American miner wants to retain control of the TIPLAM port terminal, which is an asset originally included in the deal.

Potash Corp, Agrium win final approval to merge, forming Nutrien

Potash Corp of Saskatchewan Inc (POT.TO) and Agrium Inc (AGU.TO) have received final regulatory clearance to merge, forming a new company to be known as Nutrien.

Millennial expands lithium operations in Argentina

New acquisition would increase the Canadian company's holdings in Salta to 8,664 hectares.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Sulphur prices spike, traditional fertilizer makers struggle

Sulphur prices rose to about $110 a tonne this quarter, $36 more than what the product cost last quarter.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Potash CEO meets with Chilean government amid stake sale

On Thursday, Potash Corp CEO Jochen Tilk met with authorities in Chile as the company tries to divest its minority stake in lithium miner SQM.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.