Potash

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.

Hundreds of thousands of tonnes of fertilizer enter Canada through the Port of Montreal during the spring seeding season destined for farms across Eastern Canada.

The scope of the contract includes drilling, installation and development of brine and process water bores at the Lake Wells sulfate of potash project.

BHP has spent US$2.97 billion on the project in Saskatchewan, Canada, so far.

Mayo Schmidt succeeds Chuck Magro, who is stepping down from his management and Board role at the company to pursue new opportunities.

The company has received Green Loan verification for the debt issued to partly fund the development of the Lake Wells sulfate of potash project.

Building on the Feasibility Study, the company has completed a concept study to examine the potential to develop Khemisset using a four-phased approach to reduce upfront capital costs and execution risk, and plan additional expansion stages to ensure that its economic value is fully developed.

Compass Minerals will sell substantially all assets related to the company’s Wolf Trax®, Rocket Seeds® and Hydro Bullet™ micronutrient product lines to Koch.

The new price is US$280/t on CFR terms, compared to US$247/t when the contract was first signed in January 2021.

The company has signed a non-binding MoU with Summit Africa Ltd that will seek to optimise, fully finance and construct the Kola potash project in the Republic of Congo via a mix of debt and royalty financing.

The agreed selling price in the contract is US$280/t CIFFO Indian ports, US$50/t above the previous contract.