Highfield Resources Ltd. (ASX:HFR) announced that it has completed a scoping study for proposed slimes crystallisation plant at its Muga project in Spain.
Highfield Resources Limited (ASX:HFR) announced that it has completed the scoping study for its Sierra del Perdón project in Spain, which showed its potential to be a long-life, high-margin project with low upfront capital costs to production.
Mining Weekly reported that Indian potash imports are set to increase to a four-year high of about five million tonnes in the 2015 financial year, which began on April 1.
Highfield Resources just released the maiden resource estimate for its second potash project in Spain. That adds another promising property to the company’s roster and further extends its reach in Spain.
Highfield Resources Ltd. (ASX:HFR) announced it has completed a definitive feasibility study at its Muga project in Spain. According to the study, Muga will produce 1.12 million tonnes of muriate of potash (MOP) annually, generating one of the larger margins in the potash industry with a lower capital cost.
The TSXV gained steadily throughout Friday to pare morning losses, posting an overall gain for the week. Making up the top five gainers in the sector this week were Lion One Metals, Golden Dawn Minerals, Sennen Potash, GMV Minerals and Cypress Development.
PotashCorp has already expressed its disappointment with the news. It pointed out that “changing the rules midstream impacts the ability of our shareholders to earn a fair return on their capital and undermines Saskatchewan’s relative competitiveness.”
Macquarie Group expects no upside for potash prices in the next four years. Specifically, it sees prices dropping to an average of $270 per tonne in the last quarter of this year, down from the current price of $305, and suggests that prices will average $250 by 2018.
The US Geological Survey reported that while the world’s potash supply is plentiful, some regions lack potash deposits needs for food crop yields as importing the fertilizer long distances can limit its use and imports are often subject to supply disruptions.
The potash industry could be facing a global price war as Belarus looks to strengthen its share of the $20-billion market. However, at least a couple major North American producers seem unfazed thus far.
The Mosaic Company (NYSE:MOS) announced its 2014 results including a fourth quarter net income of US $361 million and $1.0 billion for the full year.
Several companies on the TSX Venture Exchange had a promising start to 2015. Samco Gold was the top gainer, followed by Encanto Potash, Sandspring Resources, Tirex Resources and Alloycorp Mining.
Potash Investing News examines 2014 and sees what 2015 has in store for those operating in the potash market. Overall, Spencer Churchill, an analyst with Paradigm Capital, envisions supply and demand staying relatively steady into next year.
Uralkali suffered flooding and a sinkhole at its Solikamsk-2 mine this week, prompting speculation that the company may have to reduce its output.
Potash prices have been slow to rebound a year following Uralkali’s exit from Belarus Potash Company. That could cause trouble for BHP Billiton as the miner looks for a partner for its proposed Jansen potash mine in Saskatchewan.
Potash West (ASX:PWN) announced its entry into the potash market in Germany via a joint venture with East Exploration, whereby Potash West has the right to earn up to 55% by funding early exploration. The licence applications are located in the historical South Harz potash district.