Potash Stock Articles

BHP searching for assets with lessons learned during downturn in mind

Nov. 21, 2018, 8:30 AM / Cecilia Jamasmie

World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More

Nutrien getting head office tax break, province won't disclose cost of subsidy

Nov. 20, 2018, 11:09 AM / Regina Leader-Post

Only one senior Nutrien Ltd. executive lives in Saskatchewan, but the potash company could still be getting heavily subsidized for maintaining head office jobs in the province.Despite being the only province with a potash industry, Saskatchewan subsidizes head-office jobs for potash companies. Deductions on potash profit taxes are offered at a rate of $25,000 per head, per year. For "new" corporat...Read More

Germany's K+S axes earnings guidance as severe drought hits production

Nov. 15, 2018, 9:16 AM / Cecilia Jamasmie

Germany-based fertilizer producer K+S AG (FRA:SDF1) has revised down its full-year earnings guidance after a severe drought hit production at its main mine network in the third quarter.The miner now expects earnings before interest, taxes, depreciation and amortization (EBITDA) to come at between 570 and 630 million euros, compared to the 660 to 740 million euros previously forecast."The extr...Read More

Caterpillar steps up game to keep leadership in North America

Nov. 13, 2018, 6:00 AM / Cecilia Jamasmie

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

Nutrien permanently shutters New Brunswick plant

Nov. 6, 2018, 1:44 PM / Canadian Mining Journal Staff

NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More

Canadian miners' performance in Q3 hit by lower metal prices

Nov. 6, 2018, 11:02 AM / Cecilia Jamasmie

Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More

Spend don't splurge, investors tell miners as M&A, capex surges

Oct. 29, 2018, 5:00 AM / Bloomberg News

The world's biggest miners are cranking up spending for the first time in half a decade as well as pursuing more takeovers - and investors are flashing hazard lights as commodities prices slide and as doubts swirl over the outlook.Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013, according t...Read More

Amazon's mining treasure at stake as Bolsonaro leads Brazil vote

Oct. 24, 2018, 1:32 PM / Bloomberg News

On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More

Caterpillar plummets after flagging tariffs-triggered high material costs

Oct. 23, 2018, 6:42 AM / Cecilia Jamasmie

Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More

Glencore boss Ivan Glasenberg to retire in 3-5 years - report

Oct. 22, 2018, 3:28 AM / Cecilia Jamasmie

Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More

China chloralkali industry key driver of world salt market growth – report

Oct. 17, 2018, 3:48 PM / Amanda Stutt

The world market for salt is forecast to grow fast, a newly released report by Roskill reveals. Salt is used to produce chlorine, caustic soda and a range of other chemicals required by industry.Roskill reports the Chinese chemical sector will continue to drive demand for high purity salt to 2027, and will be a major factor driving future projects in Asia and India.By 2027, Asia is forecast to acc...Read More

DRA Global confirmed as preferred EPCM contractor for Colluli

Oct. 1, 2018, 9:32 AM / DRA Group (DRA)

Highlights: CMSC has confirmed DRA as the preferred EPCM contractor for ColluliDRA is a high quality multi-disciplinary global Project Management and Engineering group with strong African experience and EPCM delivery capabilityCritical project execution milestoneThe EPCM contract is a requirement of potential debt providersGlobal engineering, project delivery and operations management group, the D...Read More

K+S flags $93m hit on Q3 profit due to drought

Sep. 28, 2018, 11:07 AM / Reuters

FRANKFURT, Sept 28 (Reuters) - German potash miner K+S said on Friday that limits to waste water discharge into the river Werra near its main German fertiliser production site caused a hit of about 80 million euros ($93 million) on third-quarter earnings after a summer drought lowered river water levels.As a result of the hit to earnings before interest, taxes, depreciation and amortisation (EBITD...Read More

Brazil's Vale shareholders near deal to pay Eletron $692m

Sep. 26, 2018, 9:56 AM / Reuters

SAO PAULO, Sept 26 (Reuters) - Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to securities filings by Bradespar SA and Litel Participa???ues SA.The payment by Brazilian holding companies Bradespar, one of the largest shareholders in Vale,...Read More

Sirius Minerals buys its way into Brazil

Sep. 18, 2018, 3:28 AM / Financial Times

Sirius Minerals, which is trying to build a deep fertiliser mine in North Yorkshire, has had to take a stake in a Brazilian distributor to gain access to the world's most important and fastest growing fertiliser market.The UK listed miner announced a share swap Monday, handing over ?27m of stock for a 30 per cent stake in Cibra, Brazil's sixth largest distributor and a subsidiary of the privately...Read More

German K+S halts production at 2nd site as severe drought drags on

Sep. 11, 2018, 3:50 AM / Cecilia Jamasmie

Germany-based fertilizer producer K+S AG (FRA:SDF1) has temporarily halted production at a facility part of its Werra mine network, the second one the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts.K+S shut down its Wintershall site two weeks ago and has now interrupted potash production at is Hattor...Read More

Danakali banks on new investor mood to fund Eritrean mine

Sep. 7, 2018, 10:00 AM / Reuters

LONDON, Sept 7 (Reuters) - Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors.The project will test the changing mood in the West towards the isolated nation, sandwiched between Somalia and Venezuela at the bottom of the World Bank's rankings on ease o...Read More

New seven powerhouses to drive mineral demand: EMR exec

Aug. 29, 2018, 6:11 PM / Valentina Ruiz Leotaud

China, India, Brazil, Mexico, Russia, Indonesia, and Turkey will be leading the world's mineral demand in the coming decades, Owen Hegarty, Executive Chairman of Australian private equity manager EMR Capital, predicts.Speaking at the Paydirt 2018 Africa Down Under mining conference taking place in Perth, Hegarty said that the new top seven economies will lead the expected doubling of the global ec...Read More

China's Sichuan Road to mine copper in Eritrea starting in 2019

Aug. 24, 2018, 8:45 AM / Cecilia Jamasmie

China's Sichuan Road & Bridge Mining Investment Development Corp. is gearing up to kick off copper, zinc, gold and silver production in Eritrea next year, following the country's recent end to its 20-year border war with neighbour Ethiopia.Asmara will be the third operating mine in the northeast African country, home until now to Nevsun Resources' Bisha gold-copper-zinc mine and Shanghai SFECO's...Read More

Planes and trains oust miners from top ranks of Canada benchmark

Aug. 22, 2018, 10:57 AM / Reuters

(Bloomberg) - Companies that make and move things are now a bigger part of Canada's stock market than those that dig them up.Industrial stocks such as Canadian National Railway Co., ATS Automation Tooling Systems Inc. and plane maker Bombardier Inc. have surpassed materials as the third-largest sector on the S&P/TSX Composite Index for the first time in at least 17 years.The move comes as industri...Read More

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