Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.
Potash Mining News
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.
Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.
Sociedad Quimica Y Minera said on Thursday its ongoing legal dispute with Chilean authorities over royalty payments may not be resolved until end of 2018.
They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.
“The company remains exposed to a weak pricing environment," the analysts say.
The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).
London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.
“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.
The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.
EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.
Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.
Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.
The London-listed company sealed a 7-year commercial deal with Wilmar Group.
While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.
PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.
French firm has secured an eight-year contract to provide power cable and support services for the Mosaic K3 potash mine in Canada.
The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.
Company will combine its salt and potash businesses to make savings and target customers more effectively.
It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.
Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.
Ken Mackenzie vowed "to bring a fresh perspective to management’s ongoing process of reviewing the portfolio" and "the way we allocate cash".
BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.
Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.