Phosphates

Itafos has announced that it has closed its previously announced US$165 million secured term loan facility.

Acron has released its consolidated 1Q18 IFRS financial statements, reporting revenue of US$423 million, a 3% increase from US$409 million in 1Q17.

According to Reuters, Brunei, which is the largest shareholder in Jordan Phosphate Mines Co., has reached an agreement to sell a 37% stake in the company to the two largest fertilizer importers and producers in India.

CROPS Inc. has proposed to complete, subject to stock exchange approval, a non-brokered private placement of convertible debentures to raise proceeds of up to $6 million.

Nutrien Ltd has signed an agreement with Tianqi Lithium Corp., under which Tianqi has agreed to purchase 62 556 568 ‘A shares’ of SQM held by Nutrien.

The company has attributed the decision to recent actions in Ukraine restricting foreign suppliers of fertilizers and expectations of a further deterioration in the business climate.

Aguia Resources Ltd has released an update on the various activities underway in the local community as part of the consultation process in advance of the preliminary license approval for its Três Estradas Phosphate Project.

Sales of US$1.36 billion were recorded during the period – a 2% increase on the corresponding period last year.

Yara International ASA has announced that it has closed its acquisition of the Vale Cubatão Fertilizantes complex, strengthening its integrated position in Brazil.

Abu Dhabi National Oil Co. and OCP Group of Morocco have announced that they have agreed to explore the phased creation of a new global fertilizers joint venture.

Great Quest Fertilizer Ltd has released a statement announcing positive results from the cadmium and uranium contaminant analysis for its Tilemsi phosphate project in Mali.

Primoris Services Corp. has announced a new award with a major agricultural chemical customer.

Verdant Minerals has released a progress update on its Ammaroo phosphate project.

According to Reuters, the CEO of the mining giant China Molybdenum International has left the company.

Aguia Resources Ltd has concluded a bought deal private placement financing of 14 285 800 units of the company at CAN$0.35 per unit for gross proceeds of approximately CAN$5 million.