martes, 20 de marzo de 2018

Sirius seeks $2bn loan for Britain’s biggest fertilizer mine

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Potash News Digest
Wednesday 21 March 2018
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Securing the debt will be the final milestone to bring the York project into production.

After spending almost an entire day at underground refuge stations, 55 workers at The Mosaic Company's K2 potash facility made it safely to surface.

Goderich has undergone a modernization process in the past six years, which requires less manual labour.

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Shares of some of the largest potash producers soared on speculation that the accident could knock out a large chunk of global production capacity.

Eurochem expects to produce a total 500,000-600,000 tonnes of potash in 2018.

The mining industry is awash with cash, and so far it's got two main uses — pay down debt and reward investors.

Several factors have led to the project delay, including cash availability and the struggling potash market.

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