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Potash News

Brazil prosecutors again seek to suspend Canadian potash mine in the Amazon

By: Reuters     Updated 2 hours 36 minutes ago Brazilian federal prosecutors have filed a lawsuit to suspend a license given to a Canadian firm to install what would be Latin America's largest fertilizer mine in the Amazon rainforest, their office said. The planned mine by Brazil Potash overlaps with ancestral lands of the Mura Indigenous... 

BHP’s top Australian investor eyes restraint in battle for Anglo

By: Bloomberg     15th May 2024 Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s twice-rebuffed efforts to woo smaller rival Anglo American. Luke Smith, the senior portfolio manager who... 

BHP’s top Australian investor eyes restraint in battle for Anglo

Anglo-BHP battle is between two CEOs fighting over same vision

By: Bloomberg     15th May 2024 As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job. Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took center stage on Tuesday, as the... 

Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.

Green energy presenting South Africa with massive reindustrialisation chance – Nedbank  

By: Martin Creamer     13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... 

From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson.

K+S confirms Q1 earnings beat and 2024 guidance as potash prices stabilise

By: Reuters     13th May 2024 German potash and salt miner K+S confirmed its core profit beat on Monday, as it benefited from a strong European specialty and industry business performances. The Hessian-based firm posted earnings before interests, taxes, depreciation and amortization of €200-million, 21% above analysts'... 

Anglo investors tell company to move faster to survive BHP bid

By: Bloomberg     13th May 2024 Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo has been reviewing its business since mid-2023, looking at every mine in its portfolio to help reshape... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

Nutrien beats quarterly profit estimates on robust North America demand

By: Reuters     9th May 2024 Nutrien, the world's biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory. The company's US-listed shares were up 1% at $55.99 in aftermarket trade. 

Kore Potash to list on the A2X

By: Tasneem Bulbulia     7th May 2024 Mineral exploration and development company Kore Potash will list its shares on South Africa’s A2X Markets, with its shares to be available for trade on the exchange from May 14. It is already listed on the LSE’s Aim market, the JSE and the ASX and these listings will remain unaffected by its... 

Galileo receives second payment from Afrimat for Glenover business, last payment expected soon

By: Marleny Arnoldi     2nd May 2024 London-listed Galileo Resources has confirmed receipt of a second payment totalling R48-million, or £2.1-million, from JSE-listed diversified miner Afrimat in its option to buy shares in Glenover Phosphate. The agreement between the companies signed in December 2021 entailed Afrimat exercising an... 

Phosphate

Chinese miners see opportunities as BHP’s mega bid unfolds

By: Bloomberg     2nd May 2024 China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper... 

Chinese miners see opportunities as BHP’s mega bid unfolds

Brazil Potash aims to beat Russian, Canadian suppliers on price

By: Reuters     2nd May 2024 The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash, citing a third-party assessment used in a company presentation. The economics of the project -- which faced a... 

Mosaic sells stake in Saudi JV for $1.5bn

By: Creamer Media Reporter      30th April 2024 US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi Arabian mining company, valued at about $1.5-billion, for its 25% stake in the Ma’aden Wa’ad Al Shamal... 

Mosaic CEO Bruce Bodine
Mosaic CEO Bruce Bodine

BHP tells investors Anglo bid is 'on strategy', stresses discipline

By: Reuters     29th April 2024 BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for... 

BHP tells investors Anglo bid is 'on strategy', stresses discipline

BHP’s bid for Anglo casts cloud over $9bn fertiliser mine

By: Bloomberg     29th April 2024 BHP Group’s proposal for a $39-billion takeover of rival Anglo American is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for Anglo’s massive fertiliser mine in England. That’s largely because BHP is already building its own... 

The Woodsmith project, in the UK
The Woodsmith project, in the UK

BHP considering improved proposal for Anglo American, sources say

By: Reuters     29th April 2024 BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters. BHP is in discussions on a revised bid for Anglo American to be made in coming weeks, the source... 

The Mogalakwena mine in South Africa
The Mogalakwena mine in South Africa

BHP seeks to break mining’s M&A curse with thorny Anglo deal

By: Bloomberg     26th April 2024 The last time BHP Group took a swing at another major miner, it was Rio Tinto back in 2007. That could have been a blockbuster $150-billion takeover, but with metals prices crashing as the financial crisis took hold and with China signaling its discontent, the plan crumbled. Having confirmed its... 

BHP seeks to break mining’s M&A curse with thorny Anglo deal

BHP shares drop on value concerns after $39bn bid for Anglo American

By: Reuters     26th April 2024 BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. BHP said it would offer £25.08 per Anglo share, a premium of 31% from the stock's previous close... 

BHP CEO Mike Henry will reportedly brief investors next week.
BHP CEO Mike Henry will reportedly brief investors next week.

Anglo’s stumbles have made it prey for mining’s biggest predator

By: Bloomberg     26th April 2024 When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over... 

Former Anglo American CEO Mark Cutifani
Former Anglo American CEO Mark Cutifani

BHP’s mega bid for Anglo sets stage for industry shakeup

By: Mariaan Webb     25th April 2024 Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest copper miner globally, but it could face scrutiny from Anglo shareholders over valuation concerns.... 

BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.
BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.

Anglo American share price shows traders want a sweeter bid

By: Bloomberg     25th April 2024 Traders are pushing Anglo American Plc shares above the value of BHP Group’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. BHP’s proposal, which values the target at £31.1-billion ($38.9-billion), has several moving parts — it calls for Anglo shareholders... 

Anglo American share price shows traders want a sweeter bid

Anglo shareholder LGIM says BHP approach 'unattractive'

By: Reuters     25th April 2024 Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive". "As with many other UK-listed companies, we believe the valuation of Anglo American to be depressed and regard the proposed... 

Anglo American's corporate head office in South Africa
Anglo American's corporate head office in South Africa

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

South Africa well placed to benefit from huge green hydrogen outlook, attendees hear  

By: Martin Creamer     11th April 2024 Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes of hydrogen produced currently through the likes of South Africa’s Sasol and others is grey. 

Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
Hydrogen Economy Discussion covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Emmerson to raise funds to advance Khemisset technology, EIA

By: Marleny Arnoldi     8th April 2024 Potash developer Emmerson has entered into a subscription agreement with Global Sustainable Minerals (GSM) which will see the company gaining a 20.3% shareholding in Emmerson. GSM will have the right to appoint a representative to the Emmerson board of directors.  

Potash

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Newlyn launches R3.4bn multimodal rail terminal at Durban port

By: Tasneem Bulbulia     5th April 2024 Port logistics company the Newlyn Group on April 4 unveiled the Newlyn PX Bayhead rail terminal, strategically located next to the Port of Durban, aimed at opening intra-Africa and local trade and investment opportunities. “This is a major milestone for South Africa and showcases what can be... 

An image showing the Newlyn Group unveileng the Newlyn PX Bayhead rail terminal
Newlyn PX Bayhead rail terminal launch

Kore appoints new CEO

By: Darren Parker     4th April 2024 Potash development company Kore Potash has announced the appointment of JM André Baya as CEO, effective from April 15. The position is a non-board role. The company owns a 97% stake in the Kola and DX potash projects in the Sintoukola Basin in Congo-Brazzaville. 

Kore expects EPC finalisation in Q2, following which financing will ensue

By: Marleny Arnoldi     28th March 2024 Congo-Brazzaville-focused miner Kore Potash has advised that the condition for conversion of five convertible loan notes (CLN) totalling $530 000 has been met, and, accordingly, these will now be converted into 109-million new ordinary shares in the company at a price of 0.38p apiece. The... 

Potash ore

Kropz records $5.7m loss for 2023 as Elandsfontein ramps up

By: Darren Parker     28th March 2024 As phosphate miner Kropz is still ramping up to steady-state production, the company recorded a $5.7-million gross loss for the 12 months ended December 31, 2023. The company said on March 28 that the loss was largely owing to its Elandsfontein mine having to discount its sales prices as a new... 

dump truck on mine construction site

Kropz secures R170m loan facility

By: Darren Parker     27th March 2024 Aim-listed phosphate producer and developer Kropz’s subsidiary Kropz Elandsfontein has secured a R170-million loan facility from ARC Fund. The loan will be used by Kropz Elandsfontein to fund its cash flow and operational expenditure needs. 

Kropz Elandsfontein
Kropz Elandsfontein

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kore raises $530 000 through convertible loan note issue

By: Darren Parker     22nd March 2024 Potash development company Kore Potash has issued five separate convertible loan notes (CLNs) with an aggregate value of $530 000 and a proposed drawdown date of March 22. Kore holds a 97% stake in the Kola and DX potash projects, in the Sintoukola Basin in Congo-Brazzaville. 

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Reward confirms unsuccessful bid for Beyondie project

By: Creamer Media Reporter      19th March 2024 The share price of Reward Minerals plunged 40% on Tuesday as the company confirmed its failed bid for the Beyondie sulphate of potash project, in Western Australia. Reward has been unable to secure sufficient funding to complete the acquisition. 

Reward confirms unsuccessful bid for Beyondie project
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