Potash

The company's production target from the development is 400 000 tpy of muriate of potash over an initial 18-year life.

Canpotex has agreed to a contract with Indian Potash for potash shipments through to 31 December 2020, at a price of US$230/t on a CFR basis.

The Karinga Lakes potash project (KLPP) covers an extensive brine lake system over pastoral land, located approximately 250 km southwest of Alice Springs in the Northern Territory, Australia.

The authorisation is in advance of the EPA’s pending report on the Lake Wells sulfate of potash project's development proposal.

The company has reported EBITDA of €201 million in 1Q20, compared to €270 million in 1Q19.

ICL has signed several contracts with its customers in China to supply an aggregate 910 000 t of potash by the end of the year.

The company recorded a net loss of US$7.4 million in 1Q20.

The company has reported a net loss of US$35 million in 1Q20.

Uralkali has said that the commercial conditions of the supply agreement between the Belarusian Potash Company and a Chinese consortium "do not reflect the real market situation that is developing at this time, or its outlook."

The company has announced a net loss of US$203 million for 1Q20.

The company has reported sales of US$1.57 billion for 1Q20, a 3% increase y/y.

Hot mining recirculates heated saturated brine from the crystallisation pond into the caverns, and preferentially extracts the dissolved potash in the cavern which returns to the crystallisation pond, while leaving the salt in place underground.

The contract agreed is worth US$220/t.

In 2Q20 and 3Q20 the company has said it is aiming to finalise binding offtake agreements programme focussing on the Asian (ex China), European and North American markets.

Danakali has provided a quarterly update on the activities and financial position of the company and its Colluli potash project in Eritrea, East Africa.