PJSC is "considering the possibility" of reducing its
Q4 potash sales target by around 300,000 tonnes, according to
its marketing director Vladislav Lyan, quoted in a piece by
The newswire said that Lyan had declined
to give the company’s current sales target.
Rival producers have already implemented
similar measures, with North American miners Potash
Corp. of Saskatchewan Inc. and
Mosaic Co. both reducing output in attempts to
increase prices, while Belaruskali JSC said
earlier this month that it would lower capacity to 65% by
year-end due to reduced demand.
ASX-listed Rum Jungle Resources
Ltd has begun a drilling programme at its Kanringa
Lakes potash site.
The company hopes to complete a 12-hole
project in order to "test the depth extension of brine
aquifers" and to "better understand the nature of the
hydrology, brine chemistry at depth and ground water recharge
potential of the system".
The site has a 2012 JORC measured,
indicated and inferred in-situ brine resource of 8.4m tonnes
potassium sulphate (K2SO4). Rum Jungle
intends to establish a 40,000 tpa sulphate of potash operation
at a capital cost of below Australian dollar (A$) 80m ($57m*)
and operating costs below A$300/tonne.
Rum Jungle will target the horticultural
markets of southern and northern Australia, as well as
Southeast Asia, with the produce from the site.
Norwegian chemical producer Yara
International ASA, through its subsidiary Yara
Dallol BV, has awarded an engineering, procurement and
construction management contract to Canadian engineering and
construction group SNC Lavalin Inc. for a
greenfield potash mining and processing facility in the Dallol
region in the northeast of Ethiopia.
SNC said that the site would incorporate solution mining as the
method of extraction, with mineral recovery taking place in a
600,000 tpa sulphate of potash (SOP) plant.
The mine is projected to have a lifetime of around 20 years and
additional resources have been identified in the eastern part
of the deposit.
Construction at the site is expected to be completed in the
second half of 2018.
In phosphate news, ASX and AIM-listed
Harvest Minerals Ltd has raised A$5m from
institutional investors. The company placed 317.2m shares at
Harvest said that the proceeds from the
placement would be largely used in the development of its
Arapua phosphate fertiliser project in Brazil, where it noted
that recent grab samples ranged from 5% to 24% phosphorus
The company is also currently carrying out
exploration programmes at its Sergi and Capela potash projects,
also in Brazil.
Geolsoc Operations Pty
Ltd, a subsidiary of ASX-listed Korab
Resources Ltd has entered into a heads of agreement
deal for the offtake of 250,000 tonnes phosphate rock with
DPA Oceania Pty Ltd.
The deal covers five annual loads of
50,000 tonnes from Geolsoc’s phosphate quarry near
the town of Bachelor in Australia’s Northern
Territory. The offtake will be used by DPA Oceania in the
production of advanced cementitious and geo-polymer
The agreement also provides for DPA
Oceania to acquire up to a 50% stake in Geolsoc at a price of
A$4m and its provision of assistance in expanding and operating
Phosphate miner Minemakers
Ltd, also ASX-listed, received
approval from the Senegalese authorities to proceed with mining
operations at its Baobab phosphate project in the Gadde Bissik
The final governmental go-ahead was given
to an environmental study and community support relocation
plan, both submitted by the company.
Minemakers said it will now proceed with
expenditure on key works and commitments for capital
expenditure ahead of a planned mid-2016 start to commercial
Finally, the Government of
Pakistan has extended the coverage of a Pakistani
rupee (PRe) 20bn ($188m) fertiliser subsidy programme to
include single super phosphate (SSP), according to reports by
local news source, the Express Tribune.
A subsidy of PRe 196 ($1.84) per 50kg SSP
will be granted to farmers until the overall package is
exhausted. At the request of provincial governments, the grant
will apply only to fertiliser manufactured using imported rock.
The phosphate content of the material must be no less than
Diammonium phosphate (DAP) is already
covered by a similar arrangment.
*Conversions made November