TSX Venture loses ground, Nov. 21-25
The S&P/TSX Venture Composite Index lost 1.6%, or 12.09 points, en route to a 734.58-point weekly close. December contracts for gold bullion dropped US$27.75 before closing near a nine-month low…
MBAC Fertilizer Corp
TSX Venture rises, Nov. 14-18
The S&P/TSX Venture Composite Index recovered 18.76 points, or 2.6%, to a 746.67-point close during the trading period. The spot gold price dropped US$19.78 to five-month lows at US$1,207.89 per…
Toronto stocks end mixed, Sept. 28-Oct. 2
The S&P/TSX Composite Index had a turbulent week, falling 0.3% to 13,339.74, despite cutting some of its earlier losses, after positive Canadian data. The country’s gross domestic product number for July came in at 0.3%, after two…
TSX posts slim gain, March 30-April 2
Canada’s gross domestic product shrank 0.1% in January compared with a 0.3% rise in December, but the drop was less than some economists had anticipated, and the country’s benchmark index gained 1.5% to finish at 15,026.62. (Markets…
TSX sinks on global economic fears, Oct. 6-10
Canada’s main stock index posted its biggest loss in more than a year as investors fretted about the state of the global economy, despite robust employment data.
MBAC thriving in Brazil’s fertilizer sector
After a three-year decline, phosphate fertilizer prices are rising again. Prices for diammonium phosphate, the most commonly used fertilizer, have increased by 20% since bottoming last November, while prices for triple super phosphate have…
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…
MBAC Fertilizer’s production milestone
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) has started producing single super phosphate (SSP) powder at its Itafos Arraias project in central-northern Brazil — an area the government is calling the country’s new agricultural frontier.
Toronto Stock Exchange, June 17-21
The strong run that equity markets had been enjoying for much of the year came to an end during the period, and the S&P/TSX Composite Index did not escape the global market trend. The index was off 255 points to 11,955.66 points for the…
MBAC posts cost hikes, delays at Itafos
MBAC Fertilizer (MBC-T) is raising $50.1 million to cover further cost escalations and delays at its Itafos Arraias single superphosphate (SSP) project in central Brazil.
MBAC advances shallow REO deposit in Brazil
Toronto-based MBAC Fertilizer (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxa in Brazil’s Minas Gerais state and plans to complete a…
MBAC advances high-grade REO deposit
Toronto-based MBAC Fertilizer Corp. (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxá in Brazil’s Minas Gerais state and plans to…