Saskatchewan Mining News

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

Cameco’s profit beat estimates on improved uranium prices, cost-cutting drive

Canada’s top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.

Rio Tinto back in race for stake in world’s largest lithium miner

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

Rio Tinto pulls offer for stake in world’s largest lithium miner

Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

Enbridge, Michigan reach deal to boost pipelines safety, protect the Great Lakes

Agreement aims at boosting the safety of twin pipelines beneath the waterway where Lakes Huron and Michigan converge.

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Saskatchewan may set back Canada’s plan to phase out coal by 2030

One coal-fired power plant in Saskatchewan likely won't be retrofitted before 2030.

Texas uranium deposits could meet US nuclear energy demand for almost a year

But low prices for the radioactive commodity remain a challenge, the latest report by the US Geological Survey (USGS) shows.

Weak uranium prices force Cameco to halt two operations in Canada

Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

Rio Tinto joins race for stake in world’s largest lithium miner

Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.

Cameco posts unexpected third-quarter loss, trims production outlook

Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.

PotashCorp hires banks to lead sale of stake in Chilean lithium producer

Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.

PotashCorp mulls selling stake in Chilean lithium producer SQM — report

Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.

CanAlaska hits high-grade uranium at West McArthur

Drills turning at CanAlaska Uranium's (TSXV:CVV) West McArthur project in Saskatchewan, Canada, have started to bear fruit.

BHP seeking $2 billion Jansen stake sale

Working with an investment bank to off-load 25% interest in giant potash project in Saskatchewan according to new report.

Shale may be gone but BHP won't ditch potash

After pressure BHP is exiting oil and gas. Expect similar calls for shelving its $12 billion Jansen potash project in Saskatchewan to fall on deaf ears.

Cantor analyst: 'This is the best uranium PEA we have ever seen'

NexGen Energy Ltd. (NXE:TSX; NXE:NYSE.MKT) announced its maiden preliminary economic assessment (PEA) of the "basement-hosted" Arrow Deposit on July 31.

Mosaic joins chorus calling BHP’s Jansen potash mine plan unwise

Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.

Activist investor Elliott calls BHP potash plans ‘disastrous’

Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.

BHP to speed up Jansen development as potash demand to double by 2040

The world's largest miner believes potash will be a $50 billion market by the late 2040s.

Denison Mines granted fresh 10-year licence for Saskatchewan uranium operations

The permit renewal comes only a year after the miner obtained regulatory approval from the Canadian Nuclear Safety Commission to rise annual uranium production capacity from 13 million to 24 million pounds.

Potash Corp. and Agrium merged firm to be called Nutrien

The firm will be world’s largest potash miner and No.2 nitrogen fertilizer producer.

BHP to grow potash business to size of iron ore — report

Timeline-wise, the world's largest miner expects to achieve that goal in about 50 years.

Most potash shipped through Thunder Bay in a decade

According to the Thunder Bay Port Authority, 134,000 tonnes of potash crossed its docks into ships en route to ports in Brazil and Europe.