In the Middle East, a study has revealed
that the potash industry is not responsible for a drop off in
the water level of Dead Sea in recent decades, Israeli news
agency Haaretz reported.
The research, carried out by the
Geological Survey of Israel, found that the
cause of the rapid decline in the sea’s water
levels in over the past number of years has been the increased
pumping of water from the Jordan River’s
tributaries in Jordan and Syria, as opposed to the potash
industry in Israel and Jordan, as previously thought.
It said that the drop in sea level over
the summer months has remained stable over the past number of
decades, even though that is when most of the water used by the
potash industry is pumped, implying that even if this industry
is using more water, it is not responsible for the declining
London-listed Sirius Minerals
Plc has delayed publication of a definitive
feasibility study (DFS) for its York potash project in
Yorkshire, UK until March, two months later than previously
Explaining the postponement, the company
said that completion of a DFS for a project like York "is a
very detailed process and there is a large amount of complex
information from various suppliers, consultants and engineering
firms that needs to be compiled, reviewed and then
Sirius also said that it is "moving
towards the selection of preferred tenderers for the three
initial critical path components for project implementation,
being site preparation, mine shafts and the mineral transport
An outbreak of swine flu has been
confirmed at K+S AG’s Legacy
potash project near Regina in the province of Saskatchewan,
The Germany-headquartered potash producer
said that five individuals had reported systems of the virus,
also known as H1N1, one of which had been confirmed.
Colin Braithwaite, the
company’s vice president of health, safety and
security, said that the company had responded by "separating an
area within [the] camp at the mine site where employees that
have flu-like symptoms would be able to go to if they need to
and aren’t able to travel home safely".
Potash West NL, listed on
the ASX, said that a listing for Davenport
Resources is expected in March or April this year,
following an EGM to demerge it from current owners, ASX-listed
Arunta Resources Ltd on 19 February.
After the listing, Potash West will sell
East Exploration Ltd – in which it
owns a 55% interest and through which it holds potash
exploration licences in the South Hartz region of Germany
– into Davenport in exchange for around 20m shares, or
29% of the company.
In phosphate news, New
Zealand’s Chatham Rock Phosphate
has called for "the role of fertiliser" to be included in
research initiatives announced by the country’s
government as part of its "Our Land and Water National Science
Chatham said that the programme should
identify what effect fertiliser use has on the quality of
waterways, which it believes would illustrate the strength of
its phosphate "as a local organic solution for New Zealand
farms to help improve the quality of soil and water".
ASX-listed Brazilian phosphate producer
Aguia Resources Ltd has released assay results
from drilling programmes at its Tres Estradas and Joca Tavares
Aguia said that the results from Tres
Estradas will increase the site’s current
indicated mineral resource in an upcoming bankable feasibility
study (BFS). The project currently has a JORC resource of 70.1m
tonnes – 15.2m tonnes indicated and 54.9m tonnes
The assay results from Joca Tavares,
meanwhile, will be used in the preparation of a maiden JORC
Switzerland-based EuroChem Group
AG has signed an equity investment and two strategic
collaboration agreements with Agrinos AS, a
producer of biological crop nutrition products.
Under the share placement, EuroChem will
acquire around 22m shares in Agrinos with an option to acquire
up to around 33m more over the next two years.
The companies have also agreed that to
collaborate on the distribution of Agrinos’ "High
Yield Technology" via EuroChem’s distribution
network and as well as on a fertiliser R&D project.
Finally, TSX-listed phosphate producer
MBAC Fertilizer Corp. has said that it is
continuing negotiations with an investment fund which it
described as "active in the fertiliser industry".
While a letter of intent was extended to
the end of January, MBAC said that there is not yet any
assurance that the deal will be successfully agreed.
No further details on the potential
agreement were given by the