Western Potash begins production drilling at Milestone

Canada's Nutrien Ltd, the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023.

Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.

Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.

The company says the changes, coming in the third quarter, are the result of a planned reduction in the mine's operating capacity.

Top global miner tells investors it can mine potash for only $100 a tonne at $7 billion Saskatchewan fertilizer project.

The company's stock fell to its lowest in more than a year — likely a market reaction to the higher funding costs and dilution from the share placing.

Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

The company has found in BayWa, a Germany agribusiness, a partner that will distribute the fertilizer Sirius plans to produce from its Woodsmith mine in Europe.