Potash

Danakali Ltd has provided a quarterly update on the activities and financial position of the company and its Colluli Potash Project, located in Eritrea, East Africa.

The use of potassium fertilizers is set to grow in Africa and the Middle-East, according to The Freedonia Group.

Order intake in the first quarter of 2019 grew across all divisions, reaching CHF984 million compared to CHF900 million in the same period a year ago.

The Beyondie Sulfate of Potash Project involves the production of sulfate of potash (SOP) plus supporting infrastructure, in the East Pilbara region of Western Australia.

Emmerson PLC has signed heads of agreement with Global Fertiliser Group covering offtake for 100% of production from Khemisset Potash Project.

Kalium Lakes’ Beyondie Sulphate of Potash (SOP) Project remains on schedule to commence Australia’s first commercial SOP production next year.

Argus Media is reporting that fertilizers are at their most affordable since July 2018.

Reward Minerals Ltd. has advised that it has applied for 5521 km2 of exploration licences in the Officer Basin to the east of its Lake Disappointment Project.

Daniel Sabbag previously worked for Fertilizantes Heringer SA, one of Brazil’s three largest fertilizer companies.

The catalyst fertilizers market is projected to reach US$2.5 billion by 2023, from US$2.3 billion in 2018, at a compound annual growth rate (CAGR) of 2.36%.

The company has announced EBITDA was up 16% from 2017.

Niels Wage has been appointed with immediate effect.

Fertilizer Canada has expressed concern about the lack of consultation from the Saskatchewan government in altering the current potash taxation regime.

Growing demand for micronutrient fertilizers is driving market growth.

Danakali recorded a cash position of AUS$9.6 million as at 31 December 2018.