Potash

Belarusian state-owned potash producer Belaruskali plans to sign a new potash supply contract with China this year, according to the company's chief executive Ivan Golovaty.

Qinghai Salt Lake said it expects to post a net loss of between 43.2 billion yuan and 47.2 billion yuan (US$6.26-US6.84 billion) in 2019, compared with 3.45 billion yuan in the prior year.

Veolia Water Technologies will provide key processing technologies integrating HPD crystallisation systems designed to produce high-quality sulfate of potash.

The technical report summarises information obtained from exploration drilling conducted between January 2009 and March 2011, and details the results from the latest production drilling in July 2019.

The company filed for bankruptcy with the Qinghai province court in September 2019 and halted trading in its shares in November.

Samir Brikho has been appointed as Chairman of the Board of Directors.

The Notice to Proceed is an interim agreement that allows DRA and Colluli Mining Share Company to commence the Engineering, Procurement and Construction Management process.

The mining services scope covers the pre-production period (development) plus the first 5 years of production. The scope includes the provision, operation and maintenance of excavation, haulage and dewatering equipment.

The company is raising AUS$1.6 million from investors to fund ongoing pre-development activities at its Lake Wells Sulphate of Potash Project in Western Australia.

The company will sell 50 000 tpy of SOP to HELM AG for a period of 10 years.

The company has said that a pre-feasibility study for the Dougou extension is on track to be completed on budget in April 2020.

The company is considering increasing production of SOP to take advantage of the Fort Cady Borate Min'se location, infrastructure and US market dynamics.

The two drill rigs were purchased from Equity Drilling, to be used for the company’s current DX Pre-Feasibility Study drilling campaign.

AFC’s strategic equity investment is part of the overall funding package for development and construction of the Colluli Sulphate of Potash Project.

The Vanguard Area comprises two Saskatchewan subsurface potash mineral leases, KL 244 and KL 245, surrounding the villages of Tugaske and Eyebrow.