Proactiveinvestors Australia - General Mining - Potash and Phosphate RSS feed Proactiveinvestors Australia - General Mining - Potash and Phosphate feed en Sun, 21 Jan 2018 17:04:50 +1100 Genera CMS Reward Minerals brings Tier 1 sulphate of potash project to Proactive's CEO Sessions Thu, 18 Jan 2018 11:34:00 +1100 Reward Minerals takes another step forward at sulphate of potash project Thu, 28 Dec 2017 10:59:00 +1100 Kore Potash also intends to seek secondary listing on Johannesburg Stock Exchange main board Thu, 14 Dec 2017 22:41:00 +1100 Reward Minerals appoints the experienced Greg Cochran to the helm Fri, 01 Dec 2017 10:15:00 +1100 Verdant Minerals making steady progress at Ammaroo Phosphate Project Wed, 22 Nov 2017 15:02:00 +1100 Kore Potash takes further step towards UK listing Mon, 06 Nov 2017 23:26:00 +1100 Kore Potash on track to list in UK in 2017 Fri, 03 Nov 2017 18:29:00 +1100 Verdant Minerals achieves key milestone for phosphate project Thu, 26 Oct 2017 15:29:00 +1100 Verdant Minerals intent on developing world-class phosphate project Tue, 26 Sep 2017 14:17:00 +1000 Kore Potash bags US$5M for Kola Potash Project at a premium Thu, 27 Apr 2017 11:30:00 +1000 Reward Minerals appoints Gary Lethridge to the top job Fri, 24 Mar 2017 08:30:00 +1100 Kore Potash shares rise on further progress at Kola Potash Project Tue, 28 Feb 2017 13:00:00 +1100 Verdant Minerals: Access latest PPT from Proactive's CEO Sessions Fri, 24 Feb 2017 10:00:00 +1100 Verdant Minerals to update on next phosphate steps at Proactive's CEO Spotlight Sessions Fri, 10 Feb 2017 14:00:00 +1100 Verdant Minerals advancing bankable study for Ammaroo Phosphate Thu, 22 Dec 2016 08:00:00 +1100 Elemental Minerals Ltd pulls in US$50M for potash project in Congo 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.

Fri, 02 Sep 2016 13:00:00 +1000
Elemental Minerals Ltd's shares in pre-open 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.

Wed, 31 Aug 2016 08:00:00 +1000
Blenheim Natural Resources shares boosted by Zambia investment Mon, 08 Aug 2016 19:17:00 +1000 African Potash unveils second deal in less than a month Tue, 02 Aug 2016 21:45:00 +1000 African Potash signs second Zambia deal in less than a month Tue, 02 Aug 2016 16:28:00 +1000 Stockbroker more confident over Sirius Minerals funding Thu, 21 Jul 2016 22:09:00 +1000 Sirius Minerals lands gov't approval for Teesside harbour facility Wed, 20 Jul 2016 20:32:00 +1000 African Potash already seeing revenue from Nutri-Aid Trust deal in Zambia Wed, 13 Jul 2016 16:23:00 +1000 Crystal Peak names consultants for Utah feasibility study Tue, 28 Jun 2016 22:14:00 +1000 Sirius Minerals cuts start-up costs by a third Sat, 25 Jun 2016 00:05:00 +1000 Crystal Peak signs up expert lithium development team Tue, 21 Jun 2016 22:23:00 +1000 African Potash signs fertiliser distribution MOU with Uganda Mon, 13 Jun 2016 21:56:00 +1000 Sirius Minerals PLC delivers new Chinese off-take deal Wed, 08 Jun 2016 16:37:00 +1000 Sirius lines up contractors for North Yorkshire polyhalite project Thu, 02 Jun 2016 17:24:00 +1000 All investors need to know about Sirius Minerals ahead of key project financing Fri, 27 May 2016 23:12:00 +1000 Kore Potash Ltd's Sean Bennett reveals key next steps for world-class Kola asset Sean Bennett, chief executive for Kore Potash, speaks with Proactive Investors.

Wed, 12 Jul 2017 23:07:00 +1000
Investors can't get enough of Sirius Minerals PLC 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''.

Fri, 25 Nov 2016 02:55:00 +1100
Sirius Minerals PLC chief 'delighted to have reached this point' with project financing 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.''

Sat, 12 Nov 2016 00:38:00 +1100
Investec's Jeremy Wrathall 'pleased but not surprised' at ease of Sirius Minerals PLC's funding 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''.

Sat, 05 Nov 2016 19:07:00 +1100