Orocobre Limited (TSX:ORL)(ASX:ORE) reports a substantially increased and upgraded resource estimate at its flagship Salar de Olaroz lithium-potash project in Jujuy province in north-west Argentina. This follows completion of a comprehensive resource definition drilling program undertaken throughout 2010.
Potash Mining News
Cloth-dying and soap-making have employed residue from boiled plant material since ancient times. The plants are reduced to brine and that evaporated until only the useful “potash” remains.
Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.
Potash Investing News reports on how the Japanese earthquake and tsunami have impacted the market for potash: While grain prices have been experiencing volatility in the aftermath of Japan’s earthquake, potash prices have yet to feel the effects.
TSX V-listed IC Potash, which has projects in New Mexico, said on Thursday it had successfully raised $20-million in a bought deal offering. The company will use the money to develop its Ochoa project
The increase in the demand for potash, along with higher prices, is fuelling an expansion of PotashCorp's Allan mine in Sasatchewan, The Star Phoenix reports. The $550 million expansion began in 2009 and is expected to push production at the site from two million to three million tonnes per year by 2012: “Over the last two decades the potash industry has been fairly stable, it had plateaued,” said Larry Long, general manager of the Allan mine. “Now with all the influx of orders for potash, the market has expanded quite a bit, countries all over the world are using our product at a higher rate, so we are in a position where we have to expand to meet the demand.
Investing in copper might be the simplest way to profit from the ongoing global urbanization.
A giant mine on the coast of Yorkshire "will unearth billions" of pounds of potash, according to a report in The Scarborough Evening News: The newspaper said plans were unveiled last month when mineral rights […]
PotashCorp said on Tuesday that inventory in January was down 84,770 tonnes, about 24% below the previous five-year average. PotashCorp produces approximately 23% of the world's supply of potash. It is also a major producer of phosphate and nitrogen. Current spot prices puts potash at just under $400 a ton. Jay Taylor, editor of J. Taylor's Gold, Energy & Tech Stocks newsletter, says that major potash firms are trying to improve their positions, so they can benefit from a sector that is expected to grow.
ICL says a new potash contract further strengthens the Israeli company's presence in the growing Chinese market.
Investors have been looking with interest at the potash sector ever since BHP Billiton's $38.6 billion overture for Potash Corp. of Saskatchewan. Even though that takeover battle ended in an outright rejection of the offer, […]
The record prices of copper and food items such as beef, record fuel prices in the UK and Europe, with new record prices in gold and silver right around the corner, investors are wondering how they can participate in the commodities super bull market now emerging.
The United Nations estimates that the world’s population will reach 7.7 billion by 2020 and 9.3 billion in 2050. Another UN estimate says that only 30 percent of the arable land used in the 1950s will be available in 2050.
Australian uber-miner BHP Billiton is moving ahead with its Jansen potash project.
The bull market for commodities that made 2010 a banner year for mining and mining exploration is likely to continue throughout 2011, according to three panelists who addressed the question at a recent forum in Vancouver, Canada.
As PotashCorp reported the second highest sales in its history, CEO Bill Doyle forecast a record 9.5 million to 10 million tonnes of potash production this year.
Agribusiness giant Cargill Inc. is spinning off its majority stake in fertilizer producer Mosaic (MOS-N72.47-3.68-4.83%) setting the stage for another potential takeover battle over prized Saskatchewan potash reserves, the Globe and Mail reports.
What’s in store for the economy and world at large in 2011? First let’s admit that short-term predictions are a crapshoot. Still, I have been able to nail about 80% of mine over the past few years and I find the process valuable in determining my overall investment strategy for the year.
News Blaze reports: Compass Minerals (NYSE: CMP) has acquired Big Quill Resources Inc., Canada's leading producer of sulphate of potash, in an all-cash transaction valued at 56 million Canadian dollars (US$56.3 million), subject to customary […]
Sirius Minerals, the only London-listed potash company, said it bought privately held York Potash Ltd for 25.1 million pounds ($39.82 million) to gain access to over 600 square kilometres of mineral rights, as demand for […]
In my yearly forecast letter last year, "Looking Forward: A Year In Transition," I expected the shape of 2010 to be up better than most expected in the beginning of the year, and tail off by the […]
Diamond core drilling intersects additional potash in holes Col-011, 012, 013, 014, 015, 016 and 017; The results confirm an increase in the initial exploration target to 500 - 750Mt of potash ores with average grades of 21-25% KCl located above 100m
“Researchers conducting tests in the harsh environment of Mono Lake in California have discovered the first known microorganism on Earth able to thrive and reproduce using the toxic chemical arsenic. The microorganism substitutes arsenic for […]
All eyes were recently focused on the senior Potash sector as BHP Billiton's failed bid for Potash Corp was showcased in the Canadian press. Today there is news that will, in this authors opinion, refocus […]