Potash

This landmark agreement ushers in a new phase of responsible resource development and economic growth for both parties.

Kore Potash has announced that it has received a further letter of support from the Ministry of Mines of the Republic of Congo, for the Kola Potash Project.

The company has announced that Mr Seamus Cornelius has been appointed as a Non-Executive Director with effect from 21 August.

Kore Potash has entered into a revised agreement to provide an EPC contract for the construction of the Kola Potash Project.

Directors at the company have made the difficult decision to cease the strategic review and funding process for the project.

The company’s two largest shareholders, the Oman Investment Authority (OIA) and Sociedad Quimica y Minera (SQM) will be offered the opportunity to subscribe for new ordinary shares at the subscription price as is required under their investment agreements with Kore Potash

The company has announced that it has curtailed production at its Cory potash mine due to the loss of export capacity through Canpotex’s Neptune terminal.

The company has agreed to supply its customers with an aggregate amount of 800 000 t of potash during 2023, with mutual options for an additional 350 000 t.

The operations team has officially begun preparation for start-up and operations. The project is located about 35 km southeast of Regina, Saskatchewan.

The company has announced that it has adopted a new Environmental, Social and Governance Policy, tracking the company’s ESG roadmap which is aligned with the Global Reporting Initiative (GRI) framework and key UN Sustainable Development Goals (SDGs).

This reflects lower gas feedstock prices, surplus supply and a slower-than-expected recovery in demand.

The project is designed as a selective solution mine which, in contrast with traditional potash mining and solution mining, is expected not to produce salt tailings on surface.

This year’s report outlines Nutrien’s 2022 progress towards its 2030 sustainability commitments, short-term goals and targets performance, and continuing improvement in ESG governance and risk management.

The company has announced that its initial site selection process has delivered three leading areas for locating the planned Ohmgebirge potash mine infrastructure and process plant.

The company has extracted a 5 t bulk sample from the historic Bernterode area which adjoins its 100%-owned flagship Ohmgebirge Potash development in Thuringia, Germany.