The company, however, said it continues looking for a partner to take the venture off the ground.
Potash Mining News
Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.
A wave of overbuilding and production increases in recent years — spurred by a spike in crop prices and a perceived demand that didn't quite materialize — have left the market flooded with supply.
Study shows that, in the long run, a doubling of fertilizer prices leads to a 44% increase in food prices.
Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
Experts blame increased number of mergers and acquisitions, but there’s more to it, study shows.
New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.
Negotiations fall through with Gujarat State Fertilizers and Chemicals.
African Potash will supply Rockwell with fertiliser products (NPK and Urea) to be sold on to prospective buyers, namely retail outlets who sell fertilisers to farmers in Zambia.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Progress at BHP project in Saskatchewan only 14% closer to completion after a year's work.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.
Karnalyte Resources Inc. releases updated technical report for potash and magnesium mine at Wynyard, Saskatchewan
The technical report independently confirms the size and unique composition of Karnalyte's deposit which support the project's economic viability.
Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.
The company has set Jan. 3 as the restart date for the mine, but that may change based on market conditions.
Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.
Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter.
BHP has been developing its own Canadian potash mine — the Jansen project — in Potash Corp's backyard, and has already invested about $3.8 billion on it.
The company still trades at a paltry C$14 million, leading us to believe this is one of the most undervalued companies in Canada.
Price is about a third less than last year's level as global supplies of the crop nutrient exceed demand.
We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.
The German fertilizer producer blamed weak prices, production outages and scarce sales for the poor results.