The German fertilizer producer blamed weak prices, production outages and scarce sales for the poor results.
Potash Mining News
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.
Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
The overseas marketing arm of Saskatchewan’s three largest potash producers, has abandoned its plans to build a $775-million shipping terminal at the Port of Prince Rupert in British Columbia.
Studies underway at Boulby Underground Laboratory, the UK's deep underground science facility, include the analyses of cosmic rays and climate, as well as astrobiology and life in extreme environments.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
First time a country partners with privates to boost the development of the industry.
Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.
A Saskatoon-based potash company is planning to expand its operations within the province after purchasing two mining leases that could lead to a small production site in south central Saskatchewan.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.
Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
A sharp reversal in metals and minerals prices during May see top mining companies shed billions in market value.
Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.
Province wants to assess the remaining potash resource, if any, near the now closed Penobsquis mine.
K+S is responsible for the maintenance on the road, and they acknowledge that there are issues.
The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.
Strategic shift comes as the world's biggest miner tries to regain investors' confidence.
It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.
Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.