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Potash News

BHP has a week to convince Anglo its South African plan can work

By: Bloomberg     Updated 3 hours ago BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP... 

South Harz bolsters position in German potash sector

By: Mariaan Webb     22nd May 2024 Australia-headquartered potash firm South Harz on Wednesday announced the completion of the prefeasibility study (PFS) for its flagship Ohmgebirge development in central Germany. Alongside this milestone, the company reported a potential significant future acquisition of a neighbouring mining... 

Clock runs down on BHP’s $43bn bid for Anglo American

By: Bloomberg     22nd May 2024 BHP Group has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American — or put its audacious takeover plan on the shelf. The proposal by the world’s biggest miner to spin off two units and then buy the remainder of Anglo would create a global copper behemoth, heralding... 

Anglo CEO Duncan Wanblad and BHP CEO Mike Henry
Anglo CEO Duncan Wanblad and BHP CEO Mike Henry

Latest cadastre agreement excites South Africa’s Junior Indaba panel 

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Use resources to diversify African economies, unlock sustainable growth

By: Schalk Burger     21st May 2024 A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP... 

Haul trucks in operation at a West African mine

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Anglo American has sought fertiliser partners for months, says CEO

By: Reuters     17th May 2024 Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls. The London-listed miner outlined a radical plan... 

Polyhalite produced at Anglo American's Woodsmith mine

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

By: Reuters     16th May 2024 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... 

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