Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.
Potash Mining News
The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.
Global miners have been cutting spending on new projects and expansions since 2012.
The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.
The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.
IC Potash Corp. is pleased to report today that it has agreed to accept US$2.5 million under the proposed amendment in the strategic investment commitment by Cartesian Capital Group, LLC of up to US$45 million, as previously announced.
Gov’t will work with the four provinces that still burn coal to reach the goal of making sure 90% of Canada's electricity comes from sustainable sources by 2010.
While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.
The last half of 2016 has proven to be extraordinary for potash as several mega deals may finally re-spark the sector.
Moody’s Investor Service on Friday downgraded the credit rating of Potash Corp. of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company’s planned merger with rival Agrium Inc.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
Hatch is pleased to announce it’s been granted a new patent for potash and mineral salt pond crystallization—the only filed patent that has been validated to increase production over the “conventional wisdom” approach that is typically used today.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Four employees at Agrium's Vanscoy potash mine spent six hours in an industrial elevator.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.
While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.
The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The deal, the biggest Canadian merger since CNOOC Ltd. bought Nexen Energy ULC in 2013, would create the world’s largest crop-nutrient supplier, worth about $36 billion.