The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.
Potash Mining News
Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.
Analysts, companies expect prices to stay below 2015 levels for at least the next two years.
Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.
CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.
They are definitely making more than those working in forestry, manufacturing, finance and construction.
The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.
Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.
Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.
Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.
Barclays says commodity gains this year not supported by fundamentals– sector vulnerable to wave of investor liquidation that could knock prices down 20–25%.
Together with other Central Asian countries it is said to have the potential to hold between 39 and 54 billion metric tons of undiscovered potash resources.
New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.
Half of private capital funds say it's easier to find attractive investments in the sector new study finds.
Industry bellwether Caterpillar's global mining equipment sales drop 42% as Asia-Pacific and Latin America orders fall off a cliff.
Karnalyte Recources (TSX:KRN) has inked a major deal with an Indian fertilizer manufacturer to build a new potash mine in Saskatchewan.
BHP has cut $130 million from this year's planned $330 million capital expenditure to develop and study the feasibility of the project.
Rate of corporate defaults could be double historical average going back to 1920 says new study.
As a country, however, Canada is falling out of favour.
Allan and Lanigan will stop producing for 4 weeks starting on March 20.
The country aims to have four mines in operation by 2018 producing gold, copper, zinc and potash.
Scientists from the University of Exeter will lead a ground-breaking new collaborative research project to discover crucial new deposits of essential raw materials across Europe.
Growing wait times for permits may hinder Canada's ability to take advantage of its considerable mineral potential, warn experts.