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Potash
 
FERTILISER

DuSolo gets operational licence for part of Bomfim project, Brazil

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Brazil-focused DuSolo Fertilizers has received an operating licence for a part of its Bomfim project, in Brazil, allowing it to extract phosphate at the Santiago target. The TSX-V-listed project developer on Thursday noted that Naturatins, or the...
28th August 2014
 
 
DEBT REPROFILING

MBAC extends debt maturity dates, secures $18.2-million working capital

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Brazil-focused fertiliser producer MBAC Fertilizer made strides in addressing its liquidity position after successfully reprofiling its debt obligations and securing an $18.2-million working capital loan. The TSX-listed company had been...
27th August 2014
 
 
BAUXITE

MetroCoal funding to keep Bauxite Hills going

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Bauxite developer Cape Alumina has secured A$250 000 debt financing from major shareholder MetroCoal to progress its Bauxite Hills project, in western Cape York, Queensland. The junior company reported on Wednesday that the loan would enable Cape...
27th August 2014
 
 
CORPORATE ACTIVITY

FIRB approves Metallica JV

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The Foreign Investment Review Board (FIRB) has approved a joint venture (JV) between ASX-listed Metallica Minerals and China’s Ozore Resources. Under the JV, Ozore would provide about A$7.5-million in funding to develop Metallica’s Urquhart...
27th August 2014
 
 
POTASH

Verde Potash reports ‘clear sight’ on available lines of credit

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Brazilian potash project developer Verde Potash on Wednesday reported that the Brazilian Development Bank (BNDES) had briefed it on its available lines of credit to construct the 330 000 t/y ThermoPotash (TK) plant that would start as soon as all...
13th August 2014
 
 
POTASH

AMEC Americas to undertake Ethiopia potash project design

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TSX-listed Allana Potash has appointed engineering and project management company AMEC Americas to undertake the front-end engineering design (Feed) on its one-million-tonne-a-year muriate of potash (MoP) Danakil project in Ethiopia. This comes as...
13th August 2014
 
 
POTASH

K+S Potash Canada appoints ABB to supply Legacy automation solution

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Germany's K+S Potash Canada, the world's fourth-largest potash miner, has awarded a contract to supply a modern automation solution for its greenfield Legacy mine, in Saskatchewan, to power and automation technology group ABB. The C$4.1-billion...
12th August 2014
 
 
MINING EQUITIES

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

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Despite professional services firm EY’s quarterly ‘Canadian Mining Eye’ index having gained only 9% in the three months ended June 30, the index outperformed the S&P/TSX composite index, which gained only 6% during the second quarter, and...
12th August 2014
 
 
 
 
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