Uralkali Mining News

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

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.

BHP said to be after Potash Corp again

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.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

Intrepid Potash idles US mine, lays off hundreds

The Denver-based potash miner is placing its West facility in New Mexico in "care and maintenance” beginning July.

Potash miners hit by increased competition, supply amid low prices

Analysts, companies expect prices to stay below 2015 levels for at least the next two years.

Uralkali may delist before year-end ahead of imminent merger — report

The world's largest potash miner is said to be mulling a merger with Uralchem, one of its main shareholders.

India’s appetite for fertilizers beats expectations — Phosagro

After being practically absent from the Indian market for two years, the Russian firm has signed a three-year supply contract with IPL.

Uralkali Contract with Indian Company Could Stimulate Potash Demand

When it comes to major deals in the potash space, 2015 has been a little sluggish.

China expands stake in Russian potash miner Uralkali

Two Chinese banks are among the eight institutions that have provided Uralkali a $530 million loan.

Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

Belaruskali deal with China dents other players’ chances

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

Charges against former Uralkali CEO dropped, potash price war imminent

While criminal charges against Vladislav Baumgertner, former Uralkali CEO, were ditched, he may face further damages claims as part of the so-called potash case.

Potash Corp. profit jumps 77% on record sales

The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.

Belarus won’t tax potash exports in 2015

The nation first cut export tariffs to zero in September 2013 and won't reverse measure next year.

Uralkali stock plummets on evacuation of potash mine

The world’s largest potash supplier had to evacuate workers from its Solikamsk-2 mine in Russia’s Perm region due to an increase in brine inflow.

Potash Corp remains confident of market outlook despite weak prices

The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.

New Potash Corp CEO keeps output tactics

Last year's fertilizer price plunge called strategy into question.

Potash potentate in $4.4 BILLION divorce settlement

Russian Dmitry Rybolovlev, ex-owner of potash giant Uralkali, loses six-year divorce court battle.

US sanctions Russian potash Uralkali chairman

Sergey Chemezov is considered close friend of President Vladimir Putin.

BHP going after PotashCorp again: report

Speculation is mounting as the industry has shifted enough to make a buyout attractive.

Uralkali’s potash goes on sale, India to pay lowest price in 7 years

The price is also about 25% below what India paid last year to the now defunct Belarusian Potash Co., which Uralkali owned jointly at the time with Belaruskali.

Uralkali will sell potash to China at a 24% discount on last year's price

The world's biggest potash producer will sell 700,000 tonnes to China for $305 per tonne in the first half of 2014.

The end of a bad year for potash producers; a sprinkle of hope in the new year

'2013 is likely to go down as one of the worst years in the history of the fertilizer industry,' the Motley Fool recently wrote.

Uralkali gets new owner but potash prices aren't likely to recover

The move could lead to a revival of the world's largest potash export cartel between Uralkali and Belaruskali.