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  • IM Agriminerals News in Brief 16 – 22 April 22 May 2015

    Fertoz receives positive scoping study; Minemakers granted small mine permit; Kazakhstan Potash resumes Satimola project negotiations. Read More

  • PotashCorp. reviews stakes in rival miners SQM and ICL 22 May 2015

    The Canadian producer’s CEO has given a favourable view of equity investments that the company holds in counterparts Sinofert and Arab Potash, describing them as “strategic”. However, he has not given any direction on what it plans to do with its stakes in ICL and SQM. Read More

  • EuroChem reveals phosphate expansion plans at Kovdor and beyond 21 May 2015

    The expansions at one of the largest apatite mines in Russia are only part of EuroChem’s growth ambitions. Different ore types will be tapped and the mine could continue being worked to twice its current depth, IM learned on a recent visit to the company’s Kovdorskiy mine in northwest Russia. Read More

  • Severe West Coast drought driving US diatomite and calcined clay demand 21 May 2015

    The West Coast region of the US is currently experiencing one of the worst droughts in its modern history. Diatomaceous earth and calcined clay products, which increase the water retention of soils, are gathering interest for their potential to reduce water usage – something now mandated by state law. Read More

  • EuroChem registers $339m profit for Q1 after 2014 loss 20 May 2015

    Favourable currency shifts and efficiency gains offset iron ore difficulties and nitrogen weakness at EuroChem. The group transitioned from a small loss last year to a strong profit figure in Q1 2015. Read More

  • Mercantile flops in A$3.55m bid for Phosphate Australia 20 May 2015

    Phosphate Australia is sore over what it sees as wasted time and money spent on defending Mercantile’s takeover bid, which was placed at a value far below an independent expert valuation. Mercantile, which has been accused of propagating false information, has previously said that the company is “simply not worth” this valuation. Read More

  • SQM revenues drop 27.4% in fraught first quarter 20 May 2015

    It has been a deeply unpleasant quarter for SQM, encompassing the loss of CEO Patricio Contesse and an embarrassing tax probe. Understandably, the Q1 2015 performance of the Chilean lithium and fertilisers producer has suffered. However, ongoing demand for lithium and iodine should help the company to put its recent drama behind it and deliver better performance in the rest of the year. Read More

  • MagMin 2015: Chinese competition squeezes Europe’s CCM producers 19 May 2015

    Magnesia producers in countries like Greece pride themselves of state-of-the art facilities, which are clean and efficient, but investment in technology is not being matched by companies in China, which continue to undercut European suppliers, even in their local markets. Read More

  • South Boulder announces 1.1bn tonne SOP salts reserve estimate 19 May 2015

    Big reserve estimates and their often higher capex figures may be off-putting for investors in the potash space. An open pit mine producing SOP instead of MOP, may make the difference at Colluli however, by improving project economics. Read More

  • PhosAgro Q1 production volumes increase by 8.3% 18 May 2015

    Firming prices and demand-positive forex shifts appear to be pushing PhosAgro in the right direction, despite historically low dollar-denominated crop prices holding down demand for fertilisers. The company continues to focus on operational improvement to increase production and sales volumes. Read More

  • IM Agriminerals News in Brief 8-15 May 2015 15 May 2015

    India to leave subsidies unchanged; DuSolo expands DANF resource; Allana offered higher priced offer before ICL buyout; Fertoz announces resource upgrade. Read More

  • Price Briefing 8 – 14 May 15 May 2015

    Bentonite balances while frac sand prices topple; India agrees to pay more for North American potash. Read More

  • USA Gypsum opens $3m gypsum drywall recycling facility 14 May 2015

    Produced via chemical synthesis and mining, recycling is also a substantial source of gypsum products. USA Gypsum will produce derivative gypsum materials, not fresh drywall from this new facility. Read More

  • “Open recommendation” likely for Sirius Mineral’s polyhalite potash project 14 May 2015

    In a positive development for the potash explorer, the local national park authority looks likely to advise a positive permitting decision for late June. The next big step will be financing, according to Investec Bank. Read More

  • Mosaic’s reformist CEO Jim Prokopanko to retire following 2014 illness 14 May 2015

    The efficiency-driving executive is to retire after eight and a half years at the helm of Mosaic following a spell of ill health in 2014. He will be succeeded by the company’s current chief operating officer, Joc O’Rourke, who promised more of the same management style. Read More

  • Russia launches WTO battle against EU and Ukraine on ammonium nitrate anti-dumping 14 May 2015

    Russia has been accused of dumping the fertiliser and mine explosives chemical on importing nations at below market price, a claim it disputes. Moscow now has two months to resolve its two separate disputes with Kiev and Brussels. Read More

  • ICL profits held up by divestments, offsetting lower sales dented by strikes 13 May 2015

    Stockpiles are lower and much of ICL’s profit this quarter has arisen from non-recurring divestments, but the company’s outlook in a number of pressurised sectors appears positive, despite substantial headwinds. Potash deliveries delayed by strikes in the first half of 2015 will be delivered in the second half and bromine demand in the depressed oil industry appears to be holding up, the company said. Read More

  • K+S Q1 revenues bounce up 16% to €1.4bn 12 May 2015

    Firm de-icing salt prices in North America and a cost-cutting regime have led to both increased revenues and profits at K+S. The company expects its Legacy potash mine in Canada to start production in 2016, on budget, and for prices to continue to increase in salt and potash. Read More

  • Arab Potash to supply 505,000 tonnes potash to Indian distributors 12 May 2015

    Despite being a smaller producer, Arab Potash has proved it can compete in the seaborne potash markets by continuing to deliver record volumes of potash to India. The company first passed the 500,000 tpa Indian potash deliveries landmark in 2014. Read More

  • Tunisian phosphate production suspended in entirety 11 May 2015

    CPG production, already low compared to 2011, has now halted completely. Without significant government reforms, it appears unlikely that Tunisia may once again be one of the world’s largest phosphate fertilisers exporters. Read More

  • Highfield heaves Muga potash project forward with A$101 investment 11 May 2015

    While the potash market is traditionally difficult for juniors to enter owing to the oligopolistic market structure, Highfield is making firm strides towards production at Muga. The company is closing in on a financing deal for 65% of its pre-production capex and expects full site construction to begin in Q4 this year. Read More

  • FMC Corp. suffers currency effects but optimistic on 2015 11 May 2015

    FMC Corp. found itself on the wrong side of the strengthened US dollar over Q1 2015. However, the business’ divestments and acquisitions from 2014 are expected to bolster its growth in the coming months, particularly as earnings from its acquired business Cheminova are amalgamated into the group’s total earnings. Read More

  • Belarus signs five-year potash MoU with China 11 May 2015

    After signing supply contracts before North American rival, Canpotex, the Belarusian Potash Co. has continued to work closely with Sinofert by signing this five-year document. Whether it indicates additional closeness to the detriment of North American suppliers is yet to be seen. Read More

  • Canpotex agrees Indian potash contracts at $10/tonne increase 08 May 2015

    The potash marketing firm for PotashCorp., Agrium and Mosaic has increased its prices to $332/tonne for its annual Indian contracts, another positive sign for the fertiliser industry, which has seen potash and phosphate prices stabilise over the first quarter of 2015. Read More

  • Circum pushes forward with 4.2bn tonnes potash project 08 May 2015

    The British Virgin Islands-based private company is focused on completing a DFS on its potash project in the Danakil Basin in Ethiopia, due to be completed by the second half of this year. As it pushes forward with its strategy, Circum claims that its project is expected to be the “world’s best and largest” undeveloped potash mineral deposit and it plans to target the Malaysian and Indonesian markets. Read More

  • Agrium Q1 2015 net earnings edge up to $14m 06 May 2015

    The Calgary-headquartered fertiliser producer has seen a modest increase in its Q1 profits owing to a strong nitrogen performance. A late start to the spring application season in the US should make the second quarter performance more impressive, Agrium outlined, while higher potash and phosphate prices is likely to help push up revenues y-o-y. Read More

  • Indian Potash contract with Uralkali sees prices jump $10/tonne 01 May 2015

    The increase in potash prices agreed in the contract is slightly less than the increase in prices seen for China from other companies, though logistics may play a role in the smaller increase. Without a change in tonnage on the rolling year-long contract, it appears unlikely that significant fertiliser subsidy reform in India is on the horizon. Read More

  • IM Agriminerals News in Brief 27 April – 1 May 2015 01 May 2015

    Celamin dispute with TMS rumbles on; Karnalyte also embroiled in quarrel with former CEO and major shareholder; Minemakers to purchase phosphate property in Senegal. Read More

  • China adapts to ‘new normal’ of dwindling high grade phosphate reserves IM May 2015

    The decline in the amount of mineable high grade phosphate rock in China has prompted the country’s government to look at new ways of conserving its resources, which have included export quotas, cuts to domestic taxes and processing innovation – but more will need to be done to protect the industry from becoming uncompetitive in the next decade. Read More

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