Archive | Potash/Phosphate

Canadian miner develops environmentally friendly way to produce potash – by Valentina Ruiz Leotaud (Mining.com – October 11, 2020)

https://www.mining.com/

A Canadian company has developed a new, environmentally friendlier mechanism to produce potash without generating salt tailings and requiring no surface brine ponds.

According to Saskatoon-based Gensource Potash (TSX-V: GSP), the absence of tailings eliminates decommissioning risks, while not having ponds removes the single largest negative environmental impact of conventional potash mining.

The extraction method that Gensource has created injects a hot salt (NaCl) brine into horizontal caverns in the ore body, which selectively dissolves potash, (KCl) leaving salt in place. Continue Reading →

More Than 20 Detained At Belarusian Potash Mine For Backing Worker’s Political Demands (Radio Free Europe – September 21, 2020)

https://www.rferl.org/

Belarusian police have detained more than 20 people at a potash mine for supporting a second worker who has refused to return to the surface in protest against the state company’s management and President Alyaksandr Lukashenka’s government.

“Now [the miners] are being dealt with. Maybe some will be released. It will take time to find out who participated in the action and who did not. It is also possible that not all the miners have been detained,” Serhiy Chabatarov, a spokesman for the Minsk regional police, told RFE/RL.

The protesters were supporting Aleh Kudzyolka, who handed a protest note to his labor union co-workers at the Belaruskali mine at the end of his shift on September 21 saying he would remain hundreds of meters underground until his demands were met. Continue Reading →

‘Made in Morocco’: Mining Boom Demands Focus on Value Added Products – by Jasper Hamann (Morocco World News – September 7, 2020)

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Rabat – A mining boom could benefit more than just exports if Morocco can advance the production of value-added products. Shedding the legacy of colonialist resource exploitation, Morocco could expand its position in supply chains and better profit from its natural assets.

The country has 75% of the world’s estimated reserves of phosphate and is growing its share of barite, cobalt, and other important minerals. The world relies on countries like Morocco to supply the global community with such minerals.

These raw materials are necessary to produce mobile phones, make fertilizer to grow crops, and produce steel for cars and buildings. Reserves for important materials for high-tech products like computers and cell phones are not available in Europe and the United States. Continue Reading →

BHP CEO eyes pivot to potash, but Nutrien chief warns new mines make ‘no sense’ – by Gabriel Friedman (Financial Post – August 31, 2020)

https://financialpost.com/

Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group.

Henry said that when the company takes stock of the “megatrends” occurring in the world, such as decarbonization and the electrification of vehicles, it sees potash, a fertilizer salt that enriches crop quality and quantity, as a smart bet.

“I’ve been clear that BHP needs to increase its exposure to future facing commodities and that includes things like copper, nickel and potash,” Henry said in an exclusive interview with the Financial Post. Continue Reading →

Discontent in Belarus could benefit Canada’s potash miners – and send this 5% yielding dividend stock soaring – by Ian McGugan (Globe and Mail – August 26, 2020)

https://www.theglobeandmail.com/

Pro-democracy protests in Eastern Europe are helping to boost the outlook for Saskatchewan’s potash miners. Investors who fled the bad-news sector in recent years may want to take a fresh look at the situation.

Shares of Nutrien Ltd., Mosaic Co. and other companies with potash mines in Canada have bounced higher over the past month. The jump reflects improving fundamentals in the fertilizer industry.

It also reflects geopolitical turmoil – in particular, the decision of many Belarussians to walk off their jobs as part of mass demonstrations aimed at toppling the country’s long-time dictator, Alexander Lukashenko. Continue Reading →

BHP defers decision on Jansen potash mine – by Cecilia Jamasmie (Mining.com – August 18, 2020)

https://www.mining.com/

BHP (ASX, NYSE: BHP), the world’s largest miner, will decide whether to go ahead with its long-delayed $17 billion Jansen potash project in Canada by mid-2021, about a decade after completing the feasibility study for the operation.

The company had planned to make an investment decision in February 2021, but delays relating to the completion of shafts have pushed out the date by a few months.

BHP said initial challenges with placement of shaft lining, rectified since, as well as the group’s covid-19 response plan impacted Jansen’s progress during the quarter ended June 30. Continue Reading →

How COVID-19 is affecting the bottom line in Sask.’s biggest industries – by Chelsea Laskowski (CBC News Saskatchewan – March 17, 2020)

https://www.cbc.ca/news/canada/saskatchewan/

Saskatchewan’s biggest industries are forging ahead with limited impact in the face of COVID-19, but are paying keen attention to its long-term effects. Potash and uranium mines are taking precautions with staff, but spokespeople with Nutrien and Cameco, the biggest players in both industries in the province, say there have been no disruptions to production.

Spring seeding hasn’t started in agriculture yet, but there are long-term repercussions that could hit next month. In the short term, oil has been the hardest hit.

Oil

Oil prices plummeted early last week. There were other factors causing the dip that were unrelated to coronavirus, but as the disease has spread there are new major pressures on the industry. Continue Reading →

A $4 Billion Mine Was Meant to Lift Northern England. Instead Locals Lost Big – by Ronan Martin and Thomas Biesheuvel (Bloomberg News – January 21, 2020)

https://finance.yahoo.com/

(Bloomberg) — Anglo American Plc’s plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents.

The deal will ensure billions of dollars of investment in the downtrodden region of North Yorkshire. But people like Neil Trillo, one of the thousands who bought shares in project owner Sirius Minerals Plc before it ran out of money, have been left counting their losses.

“It was a bit of a local dream,” Trillo said from behind the counter of his coffee stand in the seaside town Whitby. “Get involved with something local, something on the doorstep with a hundred-year plus tenure. That’s what was sold to investors.” Continue Reading →

Green Is The New Black For The World’s Biggest Mining Companies – by Tim Treadgold (Forbes Magazine – January 14, 2020)

https://www.forbes.com/

The “greening” of the world’s biggest mining companies is accelerating with a rush into environmentally benign material, such as potash, a high-value fertilizer, matched by an exit from the most polluting of minerals—coal.

Global miner Anglo American flagged its renewed interest in fertilizer with a proposal last week to acquire a troubled British potash-project developer, Sirius Minerals, which is developing the Woodsmith mine in Yorkshire, in the U.K.

If successful, the $500 million takeover would mark a return to fertilizer three years after Anglo American sold a phosphate business as part of a company-wide clean up. Continue Reading →

Anglo American Seeks to Buy $3.8 Billion U.K. Potash Mine – by Thomas Biesheuvel (Bloomberg News – January 8, 2020)

https://ca.finance.yahoo.com/

(Bloomberg) — Anglo American Plc has moved to buy a giant U.K. potash mine that was running out of money, adding another major growth project for the century-old miner.

The deal for Sirius Minerals Plc is likely to secure 1,200 jobs and save the development of a mine in one of the U.K.’s most economically deprived areas. It’s also a further sign that Anglo is committed to growing its business — adding a second major project to its Peruvian copper-mine development — at a time when most rivals are reluctant to expand.

Anglo said it’s in advanced talks with Sirius about a possible 5.5 pence-a-share offer that values the company at about $508 million. While that’s a premium of 34% on Sirius’s closing share price on Jan. 7, the company was worth more than $2.3 billion 18 months ago, before its funding plans dried up. Continue Reading →

Get Sirius: Can the UK’s biggest mining project be saved? – by Julian Turner (Mining Technology – December 11, 2019)

https://www.mining-technology.com/

Sirius Minerals has cancelled a $500m bond sale to finance its polyhalite mine in North Yorkshire, citing economic conditions and uncertainty around Brexit. Can the UK’s biggest mining project be saved? We talk to Humphrey Knight, potash analyst at business intelligence firm CRU.

Could the UK’s most ambitious mining project really be over before production has even begun? Sirius Minerals has spent the past three years drumming up interest in its £4bn Woodsmith project under the North York Moors National Park.

The firm is building two mile-deep shafts to access what it claims is the world’s largest and highest-grade deposit of polyhalite, a naturally occurring mineral containing potassium, magnesium, calcium and sulphur that can be processed into fertiliser. Continue Reading →

Nutrien forced to shut down largest mine due to CN strike – by Eric Atkins (Globe and Mail – November 25, 2019)

https://www.theglobeandmail.com/

The week-long strike by 3,200 Canadian National Railway Co. train conductors has forced the shutdown of Nutrien Ltd.’s potash mine in Rocanville, Sask.

Nutrien, the world’s largest fertilizer company, said on Monday it will halt output at its largest mine for two weeks beginning Dec. 2., as the impact of the strike at Canada’s largest rail company widens.

“It is extremely disappointing that in a year when the agricultural sector has been severely impacted by poor weather and trade disputes, the CN strike will add further hardship to the Canadian agriculture industry,” said Chuck Magro, Nutrien’s chief executive officer. “Any further disruption will be harmful to our business, the Canadian economy, and Canada’s competitive position and reputation as a reliable supplier of fertilizer and food.” Continue Reading →

Mining for the future: Saskatchewan Research Council R&D fosters innovation and sustainability – by Greg Klein (Resource Clips – November 21, 2019)

http://resourceclips.com/

Predictably for a jurisdiction so rich in potash and uranium, mining plays a prominent role in the Saskatchewan Growth Plan, a 10-year economic program announced last week. Skeptics, however, might question the goal to extract lithium and rare earths locally and even set a near-precedent in non-Chinese commercial REE separation.

But it turns out that some of that work has been underway for years, while other targets have already been in the planning stage. That’s just part of a wide range of mining expertise developed and applied by the Saskatchewan Research Council.

SRC figures strongly in the province’s new agenda, whose mining-related initiatives include a continuation of the PST exception on drilling, streamlining permitting, creating a Geoscience Data Management System, boosting annual uranium and potash sales, upgrading and building road, rail, pipeline and power infrastructure, and developing nuclear energy. Continue Reading →

Haunted by Ghost Workers, Tunisian Phosphate Miner Seeks Revival – by Jihen Laghmari (Bloomberg News – November 21, 2019)

https://finance.yahoo.com/

(Bloomberg) — Tunisia says it’s on track to restore once economically crucial phosphate output to levels approaching those before the 2011 Arab Spring uprising, as its beleaguered state-owned miner undergoes a shakeup.

Output will probably be at least 4.1 million tons in 2019, up from 2.8 million tons the previous year, Industry Minister Slim Feriani said. Before the revolt that unseated President Zine El Abidine Ben Ali and sparked long-running labor unrest, Tunisia was one of the world’s largest producers of the fertilizer component, creating as much as 8.2 million tons per year.

While the state-run Compagnie des Phosphates de Gafsa is suffering from “major economic problems,” it can be salvaged, Feriani said in an interview in Tunis. “The only solution is to improve production and productivity.” He described many of the company’s 30,000 employees as “ghost workers” hired “to maintain social peace.” Continue Reading →

World’s biggest miner names Canadian as new CEO, raises intrigue about potash ambitions – by Gabriel Friedman (Financial Post – November 14, 2019)

https://business.financialpost.com/

Decision could have consequences on whether BHP pushes forward with a massive potash project in Saskatchewan in the coming years

Canadian Mike Henry will be the next chief executive of giant Australian miner BHP Group, a decision that could have consequences on whether it pushes forward with a massive potash project in Saskatchewan in the coming years.

Henry, 53, takes the helm in January, leaving a month or so for him to transition from his current role as head of BHP’s Australian mining operations, where the company’s iron ore mines that account for nearly half its revenue are located.

One item on his eventual to-do list, though not necessarily at the top, will be whether the company will allocate $5 billion to construct the first phase of its Jansen potash project in Saskatchewan. The project would initially add four million tons of potash to the market and as much as four times that over time, which could drastically alter the supply and demand dynamics for existing producers such as Saskatoon-based Nutrien Ltd. Continue Reading →