Potash

The project includes development of the company's KL262 property and a proposed 3.25 million tpy solution potash mining operation in Saskatchewan, Canada.

Final geochemical assays are expected in coming weeks, which will allow an updated geological model and JORC Mineral Resource Estimate to be completed prior to the end of October 2019.

The company's revenue increased by 10% y/y to US$1543 million during 1H19.

Andrey Maruta has been appointed as Chief Financial Officer of the company, effective from 23 September 2019.

Upon receipt of funding and completion of detailed engineering, the company will be in a position to begin construction in 2020.

The company recorded total revenue for the six months ended 30 June of CAN$1.48 million.

The company has received letters of intent from KfW IPEX-Bank of Germany and Export Development Canada with regards to one of its small-scale production facilities in central Saskatchewan, Canada.

At 30 June 2019, Karnalyte Resources had cash of CAN$8.6 million, a positive working capital of CAN$8.7 million and no debt.

Encanto Potash Corp. is engaged in the development of potash properties in Saskatchewan, Canada.

Fritz Venter will also lead the project team managing the Milestone Potash Phase I project in Canada.

The company recorded a net income of US$5.6 million, or US$0.04 per share, in 2Q19.

Wet weather in the Midwest US negatively impacted the company's North American spring fertilizer sales volumes and phosphates margins.

The credit approval has been obtained from the Africa Finance Corp. and the African Export Import Bank.

Kiwa Bio-Tech Products Group Corp. recently completed research of a new fertilizer processing technology with several technology institutes.

Matt Shackleton, Managing Director and CEO of Australian Potash, has said that the complete findings of the definitive feasibility study on the project will be released in due course.