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  • Perlite Canada incomes rise despite turbulent currencies 30 June 2015

    Buying vermiculite and perlite in US dollars has reduced the company’s earnings owing to higher purchasing costs, but has been offset by a claim against the company being converted to Canadian dollars, reducing its effect, and contributing to an overall increase in net earnings for Perlite Canada. Read More

  • Uralkali Q1 revenue drops 6% as potash demand remains low in key markets 30 June 2015

    Weak consumption of potash globally and lingering issues with the company’s flooded Solikamsk-2 mine have resulted in lower revenue, production and sales volumes for the Russian miner, despite higher y-o-y potash selling prices. Read More

  • IM Agriminerals News in Brief 20 – 26 June 26 June 2015

    Sirius Minerals faces opposition ahead of permitting; Potash Minerals decides not to appeal potash ruling; Aguia extends Cerro Preto strike length. Read More

  • Canpotex to purchase 700 railcar units 26 June 2015

    By using an innovative design, Canpotex has increased its rail logistics capacity by 90% without adding new trains. The company has opted to continue purchasing the specialist railcar units from its partner since 1999, National Steel Car. Read More

  • PotashCorp submits takeover proposal to K+S 26 June 2015

    Consolidation in the potash industry has been widely expected by market players for a while now. PotashCorp’s bid appears to be driven by a desire for market consolidation, rather than to attain extra supply advantage. Read More

  • SQM hits back at CORFO claims but faces questions over water use 24 June 2015

    The Chilean miner has issued a statement clarifying the status of arbitration proceedings between the company and state development body CORFO, asserting that neither party has walked away from the negotiating table. Meanwhile, SQM is said to be facing increasing pressure over its water usage for its iodine operations in Tarapaca. Read More

  • Uralkali rumoured to be considering Uralchem merger as a private company 24 June 2015

    The reported interest in Uralkali merging with Uralchem is just a rumour – for now. Both producers may wish to emulate the strategy of the North American fertiliser majors in becoming integrated complex fertiliser suppliers to add value, though analysts appear unconvinced that a deal is really on the table. Read More

  • Centrex Metals writes down iron ore to focus on potash 24 June 2015

    Centrex Metals is shifting its focus following an $A17.4m writedown on its iron ore assets to concentrate on its Oxley potash project, a non-standard, igneous source of potassium fertiliser. Read More

  • IFS 2015: Transitioning from volume to value in fertilisers 24 June 2015

    Fertilisers have been a bulk game since their most recent round of major technological advancement in the Green Revolution that took place from the 1940s to 1970s. This needs to change – and micronutrients and nanotechnology are paths to add value, not volume, to fertiliser markets, delegates at the IFS Conference 2015, heard. Read More

  • IFS 2015: New struvite fertiliser can reduce runoff 23 June 2015

    Canadian company Ostara has big ideas for closing the usage cycle and reducing eutrophication the phosphate industry. By introducing a wastewater-sourced struvite phosphate fertiliser, which has a low water solubility, one of the most damaging environmental problems associated with fertiliser application could be ameliorated. Read More

  • IFS 2015: Recovering phosphate from wastewater is commercially viable 23 June 2015

    Legislation may be required to encourage development, but commercially feasible methods of phosphate extraction from wastewater streams are now in the late stages of research. As a non-renewable resource, phosphate will need to be recycled sooner rather than later. Read More

  • Israel Chemicals signs 835,000 tonnes potash contract with Indian customers 22 June 2015

    Indian fertiliser markets are bucking worldwide trends in industrial minerals markets, according to the agrimineral suppliers delivering to the continent. Demand and contract prices are rising in the country, though structural problems such as an inefficient subsidy scheme remain. Read More

  • IM Agriminerals News in Brief 13 – 19 June 19 June 2015

    PhosAgro commissions new mineral fertiliser terminal, signs drilling and blasting contract; Danakali submits final environmental baseline assessments; Potash West terminates German potash divestment deal; Arianne signs First Nations agreements. Read More

  • MagIndusties auditor resigns as company battles TSX delisting 18 June 2015

    MagIndustries has had a troubled start to 2015. The company, which is investigating bribery allegations relating to its activities in the Congo, the site of its potash project, faces delisting if it is unable to find a new auditor before the 30-day deadline for TSX compliance passes. Read More

  • York Potash economic benefits “do not outweigh” harm, says planning committee 18 June 2015

    A 16% fall Sirius Minerals’ share price indicates that the release of this non-binding report has spooked investors anticipating the York Potash project planning decision, due 30 June. The company maintains, however, that even in the event of its application being declined, it has enough of cash in reserve for an appeal. Read More

  • AkzoNobel-Evonik JV chemicals plant to require 175,000 tpa potash 17 June 2015

    New environmental regulations have shunned old potassium hydroxide and chlorine production methods, leading towards AkzoNobel and Evonik’s electrolysis plant joint venture. Read More

  • Allana shareholders approve Israel Chemicals takeover 16 June 2015

    Equity holders in Allana have approved ICL’s buyout offer by a strong, 9:1 margin. ICL has increasingly looked abroad to international investments as business conditions worsen at home. Read More

  • IM Agriminerals News in Brief 6 – 12 June 12 June 2015

    Uralkali secures investment, expands loan facility further; ICL faces pollution claims in Tel Aviv court; Celamin repays funding facilities; EPM Mining set to benefit from Utah tax break. Read More

  • PhosAgro stands behind Andrey Guryev Sr in $1.2bn court case 12 June 2015

    The Russian fertiliser company has reiterated its backing of Andrey Guryev Sr, the deputy chairperson of PhosAgro. Alexander Gorbachev’s court case is now understood to be a private proceeding, not a public prosecutions office case. Read More

  • PhosAgro faces “massive sequestration of its assets”, deputy chair accused of misappropriating $1.2bn 11 June 2015

    Andrey Guryev, the largest shareholder of the Russian fertiliser group, has been accused by his former friend and business partner Alexander Gorbachev of pocketing $1.2bn in shares held in trust when the latter was forced to leave Russia for political reasons. The case is based in Cyprus, the registered office location of the companies involved in the alleged impropriety. Should the case succeed, PhosAgro could see a substantial shift in asset ownership and a big internal shake-up could be on the cards.* Read More

  • MTI releases new leonardite soil conditioner 10 June 2015

    Soil conditioners have a small market demand to the big potash, phosphate and nitrogen-based macronutrients, but MTI is looking to bring a leonardite-based supply of organic material to Chinese soils. The humic material within leonardite can increase the availability of soil nutrients. Read More

  • Cominco publishes low opex DFS on Hinda phosphate project 10 June 2015

    Situated in the first quartile of the phosphate production cost curve, should Hinda reach production it could form an important phosphate rock supply source for seaborne customers, who will further process the concentrate to MAP or DAP fertilisers upon receipt. Read More

  • Danakali appoints Endeavour Financial to evaluate Colluli potash funding options 09 June 2015

    Financing is the next big step for Danakali. Recognising the difficulty of raising finance with current commodity prices, particularly in Africa for risk-averse investors, the company has looked to a local expert. Read More

  • Nauru President faces phosphate bribery allegations 09 June 2015

    Baron Waqa’s office has denied that money was transferred between Getax and Nauruan politicians to secure a phosphate supply in 2008, a time of great prices volatility in agriminerals. Read More

  • IM Agriminerals News in Brief 30 May – 5 June 05 June 2015

    Potash West upgrades Dinner Hill phosphate resource; Highfield Resources geochemical drilling campaign completed successfully; Advisory firms back Allana Potash over ICL buyout intention; DuSolo signs DANF phosphate supply contract with Brazilian distributor. Read More

  • EuroChem reveals phosphate expansion plans at Kovdor IM June 2015

    The phosphate miner is to extend its mine life while pursuing cost-cutting via vertical integration. EuroChem says it expects to beat oversupply situation with economics. Read More

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