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Markets, News

Belarus potash exporter says sanctions will increase global prices

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Belarus Potash Company (BPC), the exporting arm of state potash producer Belaruskali, says western sanctions on Belaruskali would lead to an increase in global potash prices and reduced availability of the crop nutrient. Washington earlier this month blacklisted Belaruskali, one of Belarus’s largest state-owned enterprises and one of the world’s largest producers of potash, and
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Markets, Other

BHP approves Saskatchewan potash project’s completion

Major miner expects to produce about 4.4 million tonnes of fertilizer per year

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After over a decade of development and digging, one of the world’s biggest mining and metals companies has granted its Saskatchewan potash mining project the go-ahead to completion and full production. Australian-British mining firm BHP announced Tuesday its board has approved its potash mine about 60 km southeast of Humboldt, near Jansen, Sask., for another
Westshore’s coal terminal would expand to handle potash if BHP’s Jansen mine proceeds. Photo: Maxvis/iStock/Getty Images

BHP reaches port services deal for potash mine

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Toronto | Reuters — BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp. for port services for the global miner’s proposed Jansen, Sask. potash mine, the terminal operator said July 22, moving the project closer to fruition. The port agreement is subject to approval by BHP’s board and conditional on
(DarcyMaulsby/iStock/Getty Images)
Crops, Markets

Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

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Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province.
Nutrien’s potash mine near Rocanville, Sask. (Nutrien.com)
Crops, Markets

Nutrien to further bump up potash output

'Continued tightening' in market cited as potash producer Belarus sanctioned

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Winnipeg | Reuters — Canadian fertilizer producer Nutrien said Monday it would boost its 2021 potash output by 500,000 tonnes, after the European Union and others imposed new trade sanctions on Belarus. Nutrien’s increase takes its potash sales outlook this year to a record-high range of 13.3 million to 13.8 million tonnes, and follows a
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Markets

BHP delaying decision on Saskatchewan potash project

Jansen mine decision to be delayed by a few months

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Melbourne | Reuters — BHP Group expects to present its board with a decision on whether to proceed with its Jansen potash project in Saskatchewan in a few months’ time — rather than mid-year — after choosing between two port options, an executive said on Thursday. The world’s biggest miner has estimated the project at
Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets

Flood risk forces Mosaic to shut Esterhazy potash shaft

Company to restart Colonsay mine

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to
A worker checks mining equipment at Nutrien’s Lanigan mine. That company’s mothballed capacity could slow or halt BHP’s planned Jansen project.
News

Prairie potash project may cost BHP growth elsewhere, say investors

The largest project ever is under clouds of uncertainty as excess capacity dogs the sector

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Reuters – BHP Group is under pressure from Canada to green light a giant potash project when it makes a final investment decision by mid-year but some investors said the world’s biggest miner may obtain better returns by plowing the funds elsewhere. The fertilizer ingredient will be in oversupply over much of the next decade,

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