Potash

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Agrimin Ltd. has received a tax refund of AUS$1.9 million under the Research and Development (R&D) Tax Incentive programme in relation to R&D expenditure incurred for the Mackay potash project.

The Mosaic Company is to combine its potash and phosphates operations under one management team, effective 1 April 2020.

A drainable inferred mineral resource of 6 Mt SOP at 5080mg/l sulfate of potash (SOP) has been estimated based on results from Trigg’s exploration drilling, auger sampling and historical drill traverses.

The drilling, coring, and assay work has resulted in an overall increase in the Measured and Indicated Resource in the Vanguard Area in south-central Saskatchewan, Canada.

The company has now completed construction of 400 ha. of evaporation ponds and 35 km of brine abstraction trenches.

The total budgeted cost for the supply of electricity from the existing electrical infrastructure to the potash project is approximately US$10.6 million including a 10% contingency.

The company has announced results from the first year of operations at its pilot evaporation trial at the Mackay potash project project in Western Australia.

For 4Q19, Mosaic reported a net loss of US$921 million, and adjusted EBITDA of US$202 million.

Nutrien recorded a net loss from continuing operations of US$48 million in 4Q19.

Salt Lake Potash will initially provide 4000 tpy of sulfate of potash to Mitsui over a period of five years.

The study will examine the benefits of the project for local communes, the broader Rabat-Kenitra-Sale region and Morocco.

Potash sales, which accounted for 24% of the group total, declined to US$302 million in the quarter from US$515 million a year earlier.

Under the MoU Highfield can provide Keytrade up to 300 000 tpy of muriate of potash (MOP) from Highfield's Muga potash mine in Spain.

HELM and Gensource are currently finalising the definitive offtake agreement for Tugaske under which HELM will purchase 100% of the production from the project for 10 years.