Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
Potash Mining News
Already reeling from decades-low prices, potash miners are staring at another headwind, this time from India, a major importer of the crop fertilizer ingredient.
Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
No injuries were reported and work resumed the next day.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
Frank discusses the gold and bond markets and how they have been driven by global uncertainty.
The firm anticipates “challenging market fundamentals” in the phosphate-fertilizer market, adding that it is currently assessing the value of some assets, which may lead to writedowns.
The Canadian Security Intelligence Service (CSIS) warning highlights an additional risk for the energy sector
Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.
The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.
Companies claim land transfer is de facto expropriation without consultation.
Decision to resume operations at the mine was based on Mosaic's expectations that 2017 will be a stronger year for the potash industry.
Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.
Agreement paves the way for Encanto to move from a previously announced memorandum of understanding to a commercial marketing and distribution contract with MTTC, one of the world’s top potash buyers.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Courts continued to imprison private salt sellers even in the past decade.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.
The 114 miners who were trapped underground following a fire are now home and operations will resume today.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.