Belarus expected to reduce potash output
Weaker global demand and falling prices were cited by Ivan Golovaty, chief executive at state-owned miner Belaruskali, for reducing production.
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Weaker global demand and falling prices were cited by Ivan Golovaty, chief executive at state-owned miner Belaruskali, for reducing production.
The world-scale methanol plant will be located near the major Russian seaport Nakhodka in the Primorsky region with an intent to export its products to the Asia-Pacific Region.
Major Project Status is the Australian Government's formal recognition of the national strategic significance of a project, through its contribution to economic growth, employment, or contribution to regional Australia.
The MoU was signed on the sidelines of the ongoing African Green Revolution Forum in Accra, Republic of Ghana.
The project includes development of the company's KL262 property and a proposed 3.25 million tpy solution potash mining operation in Saskatchewan, Canada.
Final geochemical assays are expected in coming weeks, which will allow an updated geological model and JORC Mineral Resource Estimate to be completed prior to the end of October 2019.
The company's revenue increased by 10% y/y to US$1543 million during 1H19.
The strategic review of the company's Fertilisers Asia Pacific business segment will assess various options including a potential sale of the business, a demerger or retaining the business and continuing to invest for growth.
Andrey Maruta has been appointed as Chief Financial Officer of the company, effective from 23 September 2019.
The company is developing the Lac à Paul phosphate mine in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.
Upon receipt of funding and completion of detailed engineering, the company will be in a position to begin construction in 2020.
The facility’s 1 million tpy ammonia production capacity is the largest in Europe.