Proactiveinvestors Australia - General Mining - Potash and Phosphate RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - General Mining - Potash and Phosphate feed en Sun, 21 Jan 2018 17:04:50 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Reward Minerals brings Tier 1 sulphate of potash project to Proactive's CEO Sessions http://www.proactiveinvestors.com.au/companies/news/190201/reward-minerals-brings-tier-1-sulphate-of-potash-project-to-proactive-s-ceo-sessions-190201.html Thu, 18 Jan 2018 11:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190201/reward-minerals-brings-tier-1-sulphate-of-potash-project-to-proactive-s-ceo-sessions-190201.html Reward Minerals takes another step forward at sulphate of potash project http://www.proactiveinvestors.com.au/companies/news/189305/reward-minerals-takes-another-step-forward-at-sulphate-of-potash-project-189305.html Thu, 28 Dec 2017 10:59:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189305/reward-minerals-takes-another-step-forward-at-sulphate-of-potash-project-189305.html Kore Potash also intends to seek secondary listing on Johannesburg Stock Exchange main board http://www.proactiveinvestors.com.au/companies/news/188801/kore-potash-also-intends-to-seek-secondary-listing-on-johannesburg-stock-exchange-main-board-188801.html Thu, 14 Dec 2017 22:41:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188801/kore-potash-also-intends-to-seek-secondary-listing-on-johannesburg-stock-exchange-main-board-188801.html Reward Minerals appoints the experienced Greg Cochran to the helm http://www.proactiveinvestors.com.au/companies/news/188084/reward-minerals-appoints-the-experienced-greg-cochran-to-the-helm-188084.html Fri, 01 Dec 2017 10:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188084/reward-minerals-appoints-the-experienced-greg-cochran-to-the-helm-188084.html Verdant Minerals making steady progress at Ammaroo Phosphate Project http://www.proactiveinvestors.com.au/companies/news/187618/verdant-minerals-making-steady-progress-at-ammaroo-phosphate-project-187618.html Wed, 22 Nov 2017 15:02:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187618/verdant-minerals-making-steady-progress-at-ammaroo-phosphate-project-187618.html Kore Potash takes further step towards UK listing http://www.proactiveinvestors.com.au/companies/news/186801/kore-potash-takes-further-step-towards-uk-listing-186801.html Mon, 06 Nov 2017 23:26:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186801/kore-potash-takes-further-step-towards-uk-listing-186801.html Kore Potash on track to list in UK in 2017 http://www.proactiveinvestors.com.au/companies/news/186712/kore-potash-on-track-to-list-in-uk-in-2017-186712.html Fri, 03 Nov 2017 18:29:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186712/kore-potash-on-track-to-list-in-uk-in-2017-186712.html Verdant Minerals achieves key milestone for phosphate project http://www.proactiveinvestors.com.au/companies/news/186236/verdant-minerals-achieves-key-milestone-for-phosphate-project-186236.html Thu, 26 Oct 2017 15:29:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186236/verdant-minerals-achieves-key-milestone-for-phosphate-project-186236.html Verdant Minerals intent on developing world-class phosphate project http://www.proactiveinvestors.com.au/companies/news/184561/verdant-minerals-intent-on-developing-world-class-phosphate-project-184561.html Tue, 26 Sep 2017 14:17:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184561/verdant-minerals-intent-on-developing-world-class-phosphate-project-184561.html Kore Potash bags US$5M for Kola Potash Project at a premium http://www.proactiveinvestors.com.au/companies/news/176961/kore-potash-bags-us5m-for-kola-potash-project-at-a-premium-176961.html Thu, 27 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176961/kore-potash-bags-us5m-for-kola-potash-project-at-a-premium-176961.html Reward Minerals appoints Gary Lethridge to the top job http://www.proactiveinvestors.com.au/companies/news/175320/reward-minerals-appoints-gary-lethridge-to-the-top-job-175320.html Fri, 24 Mar 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175320/reward-minerals-appoints-gary-lethridge-to-the-top-job-175320.html Kore Potash shares rise on further progress at Kola Potash Project http://www.proactiveinvestors.com.au/companies/news/173866/kore-potash-shares-rise-on-further-progress-at-kola-potash-project-173866.html Tue, 28 Feb 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173866/kore-potash-shares-rise-on-further-progress-at-kola-potash-project-173866.html Verdant Minerals: Access latest PPT from Proactive's CEO Sessions http://www.proactiveinvestors.com.au/companies/news/173648/verdant-minerals-access-latest-ppt-from-proactive-s-ceo-sessions-173648.html Fri, 24 Feb 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173648/verdant-minerals-access-latest-ppt-from-proactive-s-ceo-sessions-173648.html Verdant Minerals to update on next phosphate steps at Proactive's CEO Spotlight Sessions http://www.proactiveinvestors.com.au/companies/news/172967/verdant-minerals-to-update-on-next-phosphate-steps-at-proactive-s-ceo-spotlight-sessions-172967.html Fri, 10 Feb 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172967/verdant-minerals-to-update-on-next-phosphate-steps-at-proactive-s-ceo-spotlight-sessions-172967.html Verdant Minerals advancing bankable study for Ammaroo Phosphate http://www.proactiveinvestors.com.au/companies/news/170826/verdant-minerals-advancing-bankable-study-for-ammaroo-phosphate-170826.html Thu, 22 Dec 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170826/verdant-minerals-advancing-bankable-study-for-ammaroo-phosphate-170826.html Elemental Minerals Ltd pulls in US$50M for potash project in Congo http://www.proactiveinvestors.com.au/companies/news/165652/elemental-minerals-ltd-pulls-in-us50m-for-potash-project-in-congo-70816.html Elemental Minerals Ltd (ASX:ELM) has signed separate definitive investment agreements with three strategic investors totalling US$50 million, via the issue of shares at A$0.20 each.

This investment will allow Elemental to appoint an engineering consortium to complete a definitive feasibility study (DFS) for the Kola Sylvinite Project in the Republic of Congo, within 14 months.

The three strategic investors are Sociedad Quimica y Minera de Chile S.A. (US$20 million), the State General Reserve Fund of Oman (US$20 million) and Summit Private Equity (US$10 million).

Importantly, it is proposed that the consortium will be required to deliver a fixed price engineering, procurement and construction (EPC) offer within 3 months of completing the DFS.

This will significantly de-risk the construction of Kola for Elemental.

Preliminary conditional offtake rights have been granted to Sociedad Quimica and the Oman fund for a minimum of 40% of annual production from the project (20% each).

A pre-feasibility study completed by SRK Consulting in 2012 estimated that Kola has proven and probable reserves of 152 million tonnes of sylvinite ore.

The project would have an operating cost of less than US$100 per tonne of muriate of potash (MOP), making it one of the lowest cost potash mines in the world.

The average grade at 33% potassium chloride is high by global standards and has an unusually low insoluble content (less than 0.3%) thus potentially reducing processing costs.

Elemental has achieved a significant milestone by bringing the strategic investors to the business at a time when junior mining companies are struggling to attract investment.

Elemental will seek shareholder and regulatory approvals for the transaction along with shareholder approval for the proposed change of name to ‘Kore Potash Limited’.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 02 Sep 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165652/elemental-minerals-ltd-pulls-in-us50m-for-potash-project-in-congo-70816.html
Elemental Minerals Ltd's shares in pre-open http://www.proactiveinvestors.com.au/companies/news/165651/elemental-minerals-ltds-shares-in-pre-open-70752.html Elemental Minerals Ltd (ASX:ELM) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Elemental requested the halt pending details regarding the proposed transaction by the Summit Consortium.

The halt will remain in place until the opening of trade on Friday 2nd September 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 31 Aug 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165651/elemental-minerals-ltds-shares-in-pre-open-70752.html
Blenheim Natural Resources shares boosted by Zambia investment http://www.proactiveinvestors.com.au/companies/news/129107/blenheim-natural-resources-shares-boosted-by-zambia-investment-129107.html Mon, 08 Aug 2016 19:17:00 +1000 http://www.proactiveinvestors.com.au/companies/news/129107/blenheim-natural-resources-shares-boosted-by-zambia-investment-129107.html African Potash unveils second deal in less than a month http://www.proactiveinvestors.com.au/companies/news/128900/african-potash-unveils-second-deal-in-less-than-a-month-128900.html Tue, 02 Aug 2016 21:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128900/african-potash-unveils-second-deal-in-less-than-a-month-128900.html African Potash signs second Zambia deal in less than a month http://www.proactiveinvestors.com.au/companies/news/128875/african-potash-signs-second-zambia-deal-in-less-than-a-month-128875.html Tue, 02 Aug 2016 16:28:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128875/african-potash-signs-second-zambia-deal-in-less-than-a-month-128875.html Stockbroker more confident over Sirius Minerals funding http://www.proactiveinvestors.com.au/companies/news/128468/stockbroker-more-confident-over-sirius-minerals-funding-128468.html Thu, 21 Jul 2016 22:09:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128468/stockbroker-more-confident-over-sirius-minerals-funding-128468.html Sirius Minerals lands gov't approval for Teesside harbour facility http://www.proactiveinvestors.com.au/companies/news/128403/sirius-minerals-lands-gov-t-approval-for-teesside-harbour-facility-128403.html Wed, 20 Jul 2016 20:32:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128403/sirius-minerals-lands-gov-t-approval-for-teesside-harbour-facility-128403.html African Potash already seeing revenue from Nutri-Aid Trust deal in Zambia http://www.proactiveinvestors.com.au/companies/news/128134/african-potash-already-seeing-revenue-from-nutri-aid-trust-deal-in-zambia-128134.html Wed, 13 Jul 2016 16:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128134/african-potash-already-seeing-revenue-from-nutri-aid-trust-deal-in-zambia-128134.html Crystal Peak names consultants for Utah feasibility study http://www.proactiveinvestors.com.au/companies/news/127593/crystal-peak-names-consultants-for-utah-feasibility-study-127593.html Tue, 28 Jun 2016 22:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127593/crystal-peak-names-consultants-for-utah-feasibility-study-127593.html Sirius Minerals cuts start-up costs by a third http://www.proactiveinvestors.com.au/companies/news/127475/sirius-minerals-cuts-start-up-costs-by-a-third-127475.html Sat, 25 Jun 2016 00:05:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127475/sirius-minerals-cuts-start-up-costs-by-a-third-127475.html Crystal Peak signs up expert lithium development team http://www.proactiveinvestors.com.au/companies/news/127350/crystal-peak-signs-up-expert-lithium-development-team-127350.html Tue, 21 Jun 2016 22:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127350/crystal-peak-signs-up-expert-lithium-development-team-127350.html African Potash signs fertiliser distribution MOU with Uganda http://www.proactiveinvestors.com.au/companies/news/127053/african-potash-signs-fertiliser-distribution-mou-with-uganda-127053.html Mon, 13 Jun 2016 21:56:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127053/african-potash-signs-fertiliser-distribution-mou-with-uganda-127053.html Sirius Minerals PLC delivers new Chinese off-take deal http://www.proactiveinvestors.com.au/companies/news/126862/sirius-minerals-plc-delivers-new-chinese-off-take-deal-126862.html Wed, 08 Jun 2016 16:37:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126862/sirius-minerals-plc-delivers-new-chinese-off-take-deal-126862.html Sirius lines up contractors for North Yorkshire polyhalite project http://www.proactiveinvestors.com.au/companies/news/126656/sirius-lines-up-contractors-for-north-yorkshire-polyhalite-project-126656.html Thu, 02 Jun 2016 17:24:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126656/sirius-lines-up-contractors-for-north-yorkshire-polyhalite-project-126656.html All investors need to know about Sirius Minerals ahead of key project financing http://www.proactiveinvestors.com.au/companies/news/125649/all-investors-need-to-know-about-sirius-minerals-ahead-of-key-project-financing-125649.html Fri, 27 May 2016 23:12:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125649/all-investors-need-to-know-about-sirius-minerals-ahead-of-key-project-financing-125649.html Kore Potash Ltd's Sean Bennett reveals key next steps for world-class Kola asset http://www.proactiveinvestors.com.au/companies/stocktube/7783 Sean Bennett, chief executive for Kore Potash, speaks with Proactive Investors.

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Wed, 12 Jul 2017 23:07:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/7783
Investors can't get enough of Sirius Minerals PLC http://www.proactiveinvestors.com.au/companies/stocktube/6459 Existing investors have wholeheartedly backed Sirius Minerals PLC's financing plans (LON:SXX) by taking up their full allocation in the open offer portion of the mine developer’s fundraising.

The North Yorkshire-focused group said it received acceptances for just over 185mln shares.

Asked whether he's surprised at the amount of support shown by existing investors, Liberum's equity research analyst Richard Knights tells Proactive: ''Not really, the management team has been able to deliver on basically everything that they've suggested they'll be able to deliver on. Shareholders have been happy with their performance to date. The shares have obviously gone up in value ... the placing was done at a discount to the share price on the screen so there was plenty of incentive for investors to take part in it.''

Knights added: ''It's the last component of the equity raise. They began a couple of weeks ago with the institutional placing and the strategic investor placing with Hancock Prospecting. In total they've now raised just under $1.2 bln which is sufficient to fund them for the first phase of development''.

''The second phase is going to be debt-funded and will be put in place sometime around 2018/2019''.

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Fri, 25 Nov 2016 02:55:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6459
Sirius Minerals PLC chief 'delighted to have reached this point' with project financing http://www.proactiveinvestors.com.au/companies/stocktube/6371 Sirius Minerals PLC CEO Chris Fraser spoke to Proactive a week on from firming up the company's $1.2 bln first-phase financing plan for their Polyhalite mine in North Yorkshire.
'We're delighted to have reached this point. We've got the shareholder vote to go but it's great to reach a major milestone like this. It's taken a long time but it's a pretty significant achievement for us and it's good that we've not only achieved a milestone for us but also set a few benchmarks in the process'', Fraser said.
''Our focus has always been on bringing this project into production - we've done everything we can all the way through to minimise dilution, which is a bit of dirty word in retail investment land, but ultimately you need capital to unlock the value and deliver a project like this. We believe the package we've put together here does the best job and is absolutely in the best interests of shareholders.''

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Sat, 12 Nov 2016 00:38:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6371
Investec's Jeremy Wrathall 'pleased but not surprised' at ease of Sirius Minerals PLC's funding http://www.proactiveinvestors.com.au/companies/stocktube/6318 Just a day after outlining plans to bring in up US$1.2bn of new funds, Sirius Minerals PLC (LON:SXX) has revealed the process is ostensibly complete.
Investec's Jeremy Wrathall tells Proactive: ''Given the backing of Gina Rinehart's foundation this has really set the scene for this placing to be successful.''
He adds: ''UK investors are much more open to the mining industry right now  and hence I'm not particularly surprised that it went so quickly''.
Asked whether this will be the last equity Sirius will raise before hitting production, he said ''It's a difficult one to say because obviously they've still got to raise a second tranche of funding but given that this has been raised successfully and this will have given them enough money to start production it seems highly unlikely that they won't be able to raise a second tranche''.

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Sat, 05 Nov 2016 19:07:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6318