【1】 Kola potash project
In January 2019, Kore potash announced the latest feasibility study terms of kola potash project in the Republic of Congo. The project is expected to be developed for 22 years and can produce about 2.2 million tons of potash fertilizer annually.
【2】 Belarus’s second potash mining industry started construction
In February 2019, iooo slavkaliy, a Belarusian company, has set up 11 facilities in lyuban District, Minsk state, which is the second investment project for mining potash ore and producing potash fertilizer in Belarus.
【3】 In 2018, Belarus produced 12.1 million tons of potash fertilizer
In March 2019, according to the statistics of the National Statistical Commission of Belarus, the export of potash fertilizer in Belarus increased by 2.7% to 10.84 million tons (KCl) in 2018 compared with that in 2017, converted to 6.61 million tons of K2O. In 2018, Belarusian potash company produced 12.1 million tons of potash fertilizer, a record high in recent years.
| sodium metabisulphite |
【4】 Sirius mining and JPMorgan Chase reach an agreement
In April 2019, Sirius mining reached an agreement with Wall Street giant JPMorgan to provide up to $3.8 billion in financing in the form of bonds and credit. JPMorgan will underwrite a $400 million stock placement for Sirius mining at prices ranging from 15-18 pence per share and provide $2.5 billion in revolving credit or overdraft loans to leverage its balance sheet, with JPMorgan planning to work with other lenders.
“These loans will be used for North Yorkshire to build the woodsmith polyhalite mine, a potassium salt used for plant fertilizers,” Sirius said.
【5】 Signing of lease option agreement at grays harbour
In June 2019, grays harbour is another step closer to becoming the main export port of potash fertilizer. At the meeting of the committee, the port authority authorized Gary Nelson, executive director, to sign a lease option agreement on BHP’s proposal to serve as a potash fertilizer export facility at Hoquiam 3.
【6】 Belarus will supply 450000 tons of potash to Bangladesh
In July 2019, Yelena kudryavets, director general of the Belarusian potash Corporation (BPC), and Fazle Wahid khondaker, chairman of Bangladesh Agricultural Development Corporation (BADC), signed a memorandum and a contract for the delivery of Belarusian potassium chloride to Bangladesh in the next financial year.
| sodium metabisulfite |
【7】 More than 40000 tons of fertilizer are stacked outdoors
In September 2019, due to the full warehouse of Bangladesh Agricultural Development Company, 40000 tons of fertilizer had to be stored outdoors for one year. These fertilizers include triphosphate, diamine phosphate and potassium chloride, from Morocco, Canada and Saudi Arabia. The fertilizer was imported by six contractors from mongla port and transported to Khulna city.
【8】 Uralkali signs annual contract with IPL in India
In October 2019, urakali trading, a subsidiary of uralkali, a Russian potash producer, signed the first major potash supply contract for 2019-2020 with IPL, an Indian buyer. It is reported that the price of standard potassium chloride in the new contract is about 280 US dollars / ton CFR, including 180 day letter of credit, which is about 10 US dollars / ton lower than last year’s contract price. Uralkali has agreed to ship a total of about 400000 tons to IPL branch 6 by the end of March next year.
【9】 Germany K + s plans to cut another 200000 tons of potassium chloride production
In November 2019, K + s, a German potash producer, said that in view of the fact that the current international potash market has been in a downturn and supply exceeds demand, the company will further reduce the output of 200000 tons of potassium chloride, mainly from zielitz mine, a potash mine with a production capacity of 1.5 million tons / year.
| http://www.ferrousfumarate.net |