The potash developer is facing funding issues as the miner’s second loan tranche from the Africa Finance Corporation (AFC) looks set to fall through.

About 20% of people currently working in the mining and metals industry are at risk of being replaced by robots, says the the World Economic Forum.

It has decided against the brownfield expansion project after studies of the ore body revealed weaker than expected results.

Gensource Potash’s modules don’t generate tailings or require surface brine ponds.

Unit also includes K+S Chile and K+S Windsor Salt in Canada.

The world's No.1 miner paid its chief executive Mike Henry $6.1 million for the first six months on the job.

The miner has identified environmental and economic optimization opportunities at its Colluli potash project in Eritrea.