Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

BHP may mothball $2.6 billion Jansen potash project if prices remain weak

World’s largest miner BHP Billiton, the company behind the massive $2.6 billion Jansen potash project in Canada’s Saskatchewan province, may place it in the back burner if prices for the fertilizer ingredient don’t pick up by the end of the decade.

The company, which posted Tuesday its worst-ever annual loss, had already cut $130 million […]

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BHP Billiton to cut 76 Sask. potash jobs

Anglo-Australian miner BHP Billiton will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday.

Work continues on sinking and lining shafts at BHP’s potash mine near Jansen, Sask., about 60 km southeast of Humboldt, according to the spokesperson.

The mine would be the world’s biggest […]

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Two dozen missing in BHP Billiton, Vale Brazil mine disaster

As rescue crews worked during the weekend, Brazilians once again raised longstanding questions about the regulatory rigor and the health and environmental risks of mining, one of the country’s biggest industries and a key driver of exports.

Brazilian authorities late on Saturday were investigating a second suspected death after two dams at a major mine […]

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Big Coal faces high debt, low prices, bankruptcies and defaults

From an article titled ‘Fitch: Higher default rates expected for US coal sector”:

Should Arch Coal, Inc. and Peabody Energy Corp. file for bankruptcy, the industry bond default rate would surpass 50%, according to Fitch Ratings. The wave of bankruptcies in the U.S. coal space has caused the broader metals/mining sector default rate to rise […]

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Mosaic to cut potash production

On Thursday heightened volatility was witnessed in the Mosaic Company which led to swings in the share price. They set a market perform rating and a $44.00 price target on the stock. Mosaic has been losing ground for the past week and a half and sank to a new low for the year. The fertilizer […]

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The ever diminishing ambitions of BHP Billiton

From Mining.com:

Ambition has become a scarce commodity at the top end of mining.

Projects are being been delayed, expansions shelved, exploration stalled, assets sold and expenditures deferred.

Nowhere is this thrown in sharper relief than at BHP Billiton, the world’s largest mining company, by a wide (if declining) margin.

The Melbourne-based giant released […]

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Don’t fear potash takeover, Saskatchewan premier tells Germany

The man who was instrumental in blocking a foreign takeover five years ago of Canada’s Potash Corp, the world’s No. 2 producer of the crop nutrient potash, says Germany need not fear Potash’s move to buy German potash miner K+S AG.

In 2010, Brad Wall, premier of the Western Canadian province of Saskatchewan, campaigned against […]

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K+S rejects $8.7-billion takeover bid by Potash Corp.

Germany’s K+S AG rejected a $8.7-billion (U.S.) bid from Potash Corp of Saskatchewan, saying the offer was too low and “completely disregards” the value of its large potash project in Saskatchewan.

Potash Corp., the world’s biggest fertilizer producer, is increasingly facing more competition in Canada and abroad. Acquiring K+S would give the Canadian company control […]

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Winning Shipping in deal with Cargill, Bunge to move bauxite on Capesize: sources

Bauxite export facility at Cabo Rojo, Dominican Republic.

Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.

Cargill and Bunge will each move four 190,000-mt cargoes […]

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BHP says potash market may be deterring Jansen partners

BHP Billiton Ltd., the world’s biggest mining company, said prospective partners for its proposed Jansen potash mine in Canada may be deterred by current market conditions for the crop nutrient.

While BHP would like a partner to help develop the project, “we are not in a hurry and we have to take account of how […]

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Manitoba pushes potash

Manitoba is hoping to capitalize on the potash boom the way Saskatchewan has.

The Selinger government is about to invite the world’s potash producers to sink their machines into a western Manitoba mine that could generate $2 billion worth of royalties for the province over the course of 40 years.

The Potash Corporation of Manitoba […]

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BHP Billiton warns tugboat strike could cost $100m a day; deckhands currently get no leave

Will Tracey, MUA’s Assistant Western Australia Secretary, said, ”Industrial action is always a last resort and we still hope that we can come to an agreement without having to take the action which has been sanctioned by the Fair Work Commission.”

From the West Australian:

Mining giant BHP Billiton has denounced planned strike action by […]

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Potash Corp. names next CEO, brings Doyle era to a close

Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle, who fended off BHP Billiton Ltd.’s hostile takeover bid for the Canadian fertilizer producer only to later lose a price war with a Russian rival, will step down after almost 15 years.

He will be replaced in July by Jochen Tilk, the former CEO of […]

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Potash may show the way for First Nations to tap into resource based opportunities

From First Perspective:

Community, local and regional initiatives can often be lost in the larger dialogue of multinational corporations and the work they do.

The Canadian Council for Aboriginal Business hopes to change that by providing the opportunity for that dialogue to happen between big business and the entrepreneurial spirit of the First Nations people […]

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Port of Vancouver, BHP working on potash facility lease

The Port of Vancouver still wants potash.

More than three years after the world’s biggest mining company, BHP Billiton, selected the port as its preferred site for a facility to export potash — a crop nutrient — the two parties remain in negotiations over the terms of a long-term lease.

Theresa Wagner, the port’s communications […]

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