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Agrimarkets

  • Agrium potash mine restarts after second accident in August 23 August 2016

    Canadian fertiliser producer Agrium is expected to lose up to 8,000 tonnes potash production following the shutdown of its Vanscoy mine due to two accidents in August. Read More

  • Pacasmayo to spin off Peruvian phosphate asset 23 August 2016

    Peruvian cement producer Cementos Pacasmayo will spin off its phosphate junior mining company to a separate entity as part of its restructure. Read More

  • K+S restarts potash production in Germany 22 August 2016

    K+S has restarted potash production in Germany but output volume is unlikely to reach its full capacity due to the ongoing waste water disposal restriction. Deliveries to customers will also continue to be delayed. Read More

  • BHP Billiton to stall Jansen potash production 19 August 2016

    Mining giant BHP Billiton has decided to stall the completion of its Jansen project in Canada amid weak potash demand and global oversupply. The company is also seeking a joint venture partner to share the investment cost of the project. Read More

  • Compass Minerals to buy Brazilian fertiliser maker 17 August 2016

    North American potash and salt producer Compass Minerals will become the new owner of a Brazilian fertiliser company following its latest acquisition. Read More

  • Declining prices force ICL UK to cut Boulby potash output 16 August 2016

    The UK subsidiary of ICL plans to bring forward production of polysulphate and reduce its potash output as global prices continue to fall, resulting in 140 job losses. Read More

  • Agrium keeps potash mine closed following accident last week 15 August 2016

    The Vanscoy mine in Saskatchewan, which produces 7,000 tpw potash, remains closed in the wake of an incident last week which has resulted in the death of a worker. Read More

  • Bromine buoys Q2 income for Gulf Resources 11 August 2016

    Average bromine prices saw double-digit increases in Q2 against the same period in 2015, while both chemicals and crude salt suffered from weaker revenues amid sluggishness in the Chinese economy. Read More

  • K+S delays Legacy potash production to Q2 2017 11 August 2016

    K+S will be postponing potash production at its Legacy mine in Canada amid falling revenue and disrupted output in Germany. The producer has warned that full-year earnings will halve and the pending approval on waste water disposal could further impact business. Read More

  • EuroChem’s Q2 gross profit falls on weak phosphate prices 10 August 2016

    Russian phosphate and nitrogen fertiliser producer EuroChem reported a decline in gross profit in the second quarter due to weaker fertiliser prices. New phosphate and potash supply coming on stream in the remainder of the year will likely cap agrimineral prices. Read More

  • ICL income jumps as agriminerals prices remain weak 10 August 2016

    Tel Aviv-headquartered ICL reported higher net income for the second quarter as strong performance in the company’s speciality solutions offset weak agriminerals prices. ICL expects potash sales volume to increase for the rest of 2016 although at lower prices. Read More

  • Agrium shuts potash mine following accident 09 August 2016

    Cananda-headquartered Agrium has shut its Vanscoy potash mine following an accident. It is unclear when production will resume at the mine as an investigation into the incident is underway. Read More

  • Soda ash, salt sales lift Tata Chemicals' Q1 09 August 2016

    Sales of soda ash and salt products improved for the Indian-based fertiliser and chemicals business. Tata noted stable global soda ash demand in key markets although price increases were limited. Read More

  • ABx looks to cement place in bauxite industry 09 August 2016

    ASX-listed Australian Bauxite has delivered its second shipment of bauxite since April this year, bound for buyers in the cement industry. Read More

  • Agrium’s Q2 net profit falls on weak global fertiliser prices 04 August 2016

    Canadian fertiliser mineral producer Agrium reported lower second quarter earnings as ongoing weak global nutrient demand weighs on profits. The producer expects potash and phosphate consumption for the rest of 2016 to improve, supported by a number of positive factors. Read More

  • Potash producers hopeful of recovery 04 August 2016

    A number of producers believe potash prices have bottomed out and that fertiliser demand is expected to recover following key supply contracts in China and India, but capacity will remain capped amid oversupply and weaker y-o-y consumption. Read More

  • Huntsman to sell European surfactants business 04 August 2016

    US-based pigment producer Huntsman expects to close the sale of its European surfactant business by the end of this year as part of its strategy to generate free cash flow and spin off its TiO2 segment. Read More

  • Lower agrimineral prices pull Mosaic into Q2 loss 02 August 2016

    Mosaic, the world’s top fertiliser producer, saw second quarter earnings fall to a loss amid lower potash and phosphate prices and sales volumes. The producer believes that potash prices have bottomed out and agrimineral prices will rise in the next quarter. Read More

  • Intrepid Potash Q2 loss deepens 02 August 2016

    US-based Intrepid Potash Inc’s net loss in the second quarter this year deepened despite higher potash sales volume. The company will continue production ramp up of its speciality fertiliser product to replace lower potash output in order to optimise the group’s cost profile. Read More

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