Potash

The company expects to increase potash production by approximately 500 000 t in the second half of this year.

The timeline for the closure of the K1 and K2 potash mine shafts has been accelerated by nine months due to a recent acceleration of brine inflows.

The companies agreed to collaborate in order to ensure timely shipment and transportation of growing volumes of Uralkali products in RusTransKom hopper cars, as well as to identify other potential areas of cooperation.

Kore Potash plc has announced an update on the Dougou Extension Potash Solution Mining Project definitive feasibility study and the recent drilling programme.

The Ohmgebirge potash project in Germany has an Inferred resource of 325 million t grading 13.1% K2O.

The Mining Authorities of Madrid, Aragón and Navarra are satisfied with the Mining Concession documentation submitted by Highfield for the Muga Potash Project.

Funds raised from the placement will be applied towards pre-development activities at the Lake Wells sulfate of potash project in advance of a Final Investment Decision.

The agreement covers the supply of 150 000 tpy of sulfate of potash produced from the Mackay potash project for sale and distribution in China.

Primero Group has been awarded a Front End Engineering Design contract for the process plant at the Mackay potash project in Western Australia.

Highfield Resources has delivered a positive report from the environmental department of Aragón regarding the Muga potash project to the mining authorities of Madrid, Aragón and Navarra.

Saskatchewan Mining and Minerals' upgraded facility in Chaplin is expected to produce 150 000 metric tpy of sulfate of potash, which will be sold to North American and international markets.

The company recorded net income of US$157 million, or US$0.41 per share, for 1Q21.

The company's 1Q21 adjusted net earnings were US$165 million, or US$0.29 per share, and adjusted EBITDA was US$806 million.

The company's net profit in 1Q21 was RUB5604 million, against a loss of RUB10 174 million in 1Q20.

The company’s Part IV Environmental submission has been approved by the Australian government, having been recommended by the Environmental Protection Agency with no appeals in January 2021.