Potash

The company increased revenues for 3Q19 by 8% to €905 million.

The Northern Australia Facility loan from the government of Western Australia will assist in developing infrastructure for the company's sulfate of potash project at Beyondie.

Sales for 3Q19 were US$1325 million compared to US$1371 million for 3Q18. The potash division's sales decreased by 8% in 3Q19, while operating income increased by 6% compared to 3Q18.

The Environmental Review Document comprises a thorough understanding of the environmental setting in the Project area, developed through detailed flora and fauna surveys and studies.

At 30 September 2019, the company had cash of CAN$8.2 million, a positive working capital of CAN$7.8 million and no debt.

Mosaic reported a net loss of US$44 million for 3Q19, and adjusted net earnings, after notable items, of US$29 million. The company reported diluted earnings per share (EPS) of negative US$0.11, and adjusted EPS of US$0.08.

The company said that its results had been affected by a short-term market slowdown, but that it maintained a positive outlook for 2020.

The study concluded that the Port of Casablanca's existing capacity would be sufficient for Emmerson's potash and salt production.

The machine will harvest the hardened potassium salts from the project's evaporation ponds.

Western Potash Corp., a wholly-owned subsidiary of Western Resources Corp., has completed the Phase I production drilling programme at its potash mine in Saskatchewan, Canada.

The mineral resource estimate now stands at 537 million t of potash with an average grade of 9.24% K2O.

The contract covers deliveries to Indian Potash between October 2019 and 31 March 2020.

The order book was twice oversubscribed, with the offering generating strong demand from global institutional investors, including from the US, UK and Continental Europe.

The agreement includes a preliminary marketing plan that facilitates Gensource’s goal of creating a direct link between a potash producing facility in Saskatchewan, Canada, and the end user.

In order to make a FID, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities.