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Agrimarkets

  • PhosAgro bucks slow market trend with strong Q1 25 May 2016

    The Russian fertiliser producer recorded revenue and profit growth as sales of phosphate products increased 10% year-on-year, on the back of price competitiveness related to a weak local currency. Read More

  • Jindalee gains license to explore Tasmanian magnesite 24 May 2016

    Australian exploration miner Jindalee Resources has obtained a license to explore the Arthur River and Lyons River magnesite deposits in Tasmania, estimated to harbour one of the largest local reserves of the ore. Read More

  • Mineral health check – what do Q1 results say about the state of the industry? IM June Issue

    IM looks at first-quarter performances of the leading industrial mineral companies and what the financials say about the state of the sector. Read More

  • SQM boosted by 30% lithium price rise in Q1 19 May 2016

    Overall income for Chilean lithium, potash, iodine and nitrates producer Sociedad Quimica y Minera SA (SQM) fell by 18% y-o-y, the result of weaker potash and iodine prices. A significant price rise in lithium coupled with increased volumes saw this sector post strong results, however, as demand for the battery mineral continues to rise. Read More

  • FLSmidth to supply Russian port with equipment 18 May 2016

    Finnish equipment and technology company FLSmidth is to supply Russian marine export terminal owner OTEKO-Portservice LLC with equipment as part of the construction of a new terminal at the port of Taman to increase the handling of fertilisers, sulphur, iron ore and coal from Russia. Read More

  • EuroChem profit falls as higher fertiliser volumes offset by low prices 17 May 2016

    The Russia-based fertiliser producer noted that while demand for phosphate had rebounded in Europe and North America, lower year-on-year prices impacted its earnings. The company is also in the process of developing two potash projects for a total of 8m tpa capacity, noting that potash curtailments had strengthened prices for the mineral. Read More

  • Sirius ups York potash reserve 17 May 2016

    UK AIM-listed Sirius Minerals Plc has increased the polyhalite reserve of its project in North Yorkshire, UK by 30m tonnes in the wake of the publication of a March feasibility study. Read More

  • Intrepid Potash idles core production facility amid Q1 losses 09 May 2016

    The US-based potash producer will discontinue production at one of its core potash manufacturing plants located in New Mexico following a first quarter marked by heavy losses on the back of weaker potash prices and volumes. Read More

  • Kiruna builds dry bulk rail wagon for potash 05 May 2016

    Kiruna Wagon has begun building railcars to transport fertiliser minerals for Spain’s Iberpotash. Read More

  • Agrium reports 79% drop in earnings for Q1 as fertiliser prices weaken 05 May 2016

    Canada-headquartered Agrium has reported a drop in net earnings as year-on-year prices for potash, phosphate and nitrogen have fallen dramatically. While the company noted prices have stabilised during the first quarter of 2016 and predicts a stronger second half owing to higher crop prices and acreages planted, potash prices remain under pressure, and Chinese contracts, a strong indicator of demand for the mineral, remain unsigned. Read More

  • Weak fertiliser prices weigh down Mosaic and PotashCorp Q1 results 04 May 2016

    Fertiliser producers The Mosaic Co. and PotashCorp saw their earnings and sales fall during the first quarter of 2016 on the back of lower sales volumes and production. Although the companies expect an uptick in activity in the second half of 2016, prices for both potash and phosphate have seen significant year-on-year declines. Read More

  • Danakali applies for mining licence for Eritrean potash 04 May 2016

    The Australian potash producer has submitted a formal application to the Eritrean authorities to secure mining rights at the Colluli potash project. This could help to kick-start Eritrea's economy and the company is pushing to establish a domestic mining industry. Read More

  • Anglo American divests Brazilian phosphate operation 29 April 2016

    Multinational miner Anglo American has sold off its phosphate and niobium operations in Brazil to a Chinese company as part of its ongoing strategy to divest non-core businesses. Read More