PotashCorp cuts workforce by 18%
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is reducing its workforce by 18% amid soft crop-nutrient demand from developing markets.
Industrial/Specialty Minerals
Editorial: Pot-ashen in Saskatchewan
December started off in a rather sombre way for Canadian mining, with former Prairie golden child Potash Corp. of Saskatchewan announcing deep and immediate cuts at its Canadian, U.S., and Trinidadian operations.
Cliffs shelves Ring of Fire chromite project
VANCOUVER — Five years ago, when explorers discovered chromite in northern Ontario’s James Bay lowlands region, the metal’s primary finished form — ferrochrome, a key steelmaking ingredient — was worth US$6 per kg,…
Editorial: The Cliffs Notes on the Ring of Fire
Dear Ontario, there’s been way too much off-base and irresponsible commentary in the province about Cliffs Natural Resources’ decision to shelve its Ring of Fire Chromite project. And so, in the spirit of afternoon reality TV and…
TNM editor-in-chief talks Ring of Fire on CBC Radio
The Northern Miner’s editor-in-chief John Cumming joined Lisa Laco’s Superior Morning show on CBC Thunder Bay this morning to discuss Cliffs Natural Resources’ (NYSE: CLF) shelving of its chromite project in northern Ontario’s Ring of Fire camp.
Potash Ridge’s SOP story in Utah
VANCOUVER — A prefeasibility study suggests Potash Ridge’s (TSX: PRK; US-OTC: POTRF) Blawn Mountain project in Utah could be transformed for US$1.1 billlion into an economic, long-life, open-pit mine producing high-quality potash.
Pacific Potash gets the drills spinning at Amazonas
The growth story in China isn’t what it used to be, but the country still has an appetite for resources in the Americas, as demonstrated by an unnamed Chinese state-owned enterprise that is lending $10 million to Pacific Potash (TSXV: PP;…
Quest unveils prefeasibility study for Strange Lake
With an anticipated capex of more than $2 billion and the high degree of uncertainty and risk that financial markets associate with producing rare-earth elements outside of China, Peter Cashin knew that unless a prefeasibility study on the…
MBAC shows Santana’s feasibility
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) is de-risking its Santana phosphate project in Brazil, with a feasibility study showing that the company could, for US$427 million, build a 32-year operation producing 500,000 tonnes of granulated…
Mosaic spends US$1.4B for CF Industries’ assets
Mosaic’s (NYSE: MOS) proposed acquisition of CF Industries Holdings’ (NYSE: CF) phosphate business will give it enough product to meet expected demand growth, mostly in North and South America; brings earnings accretion; and exceeds…
CEO: Feasibility shows Arianne’s Lac Paul is a ‘world-class asset’
Arianne Phosphate’s (TSXV: DAN; US-OTC: DRRSF) Lac à Paul phosphate-rock project in Quebec could be built for US$1.2 billion, a feasibility study shows. Of that amount, US$982.5 million (less US$73.9 million, set aside as…
Nemaska has a patented edge at Whabouchi
Nemaska Lithium’s (TSXV: NMX; US-OTC: NMKEF) Whabouchi deposit has always had the grade, but now it’s looking to marry nature’s gift with a patented extraction process that could offer a market advantage.