Scotiabank sees a 90 percent
probability that BHP will approve Phase 1 of its Jansen potash project in
Canada within three to four months, according to a Bloomberg report. There will be market demand for Phase 1 potash by
2030, the estimated year for completion if approved, Scotiabank
analyst Ben Isaacson said in a note Monday. The forecasts comes despite
feedback from BHP shareholders that they largely do not want more capital
invested in the project. However, analysts cite BHP’s CEO as continuing to
discuss potash as favorable in the long-term.
The Tampa ammonia price
for May has rolled over from April’s $545/mt CFR. Sources had predicted a
rollover or only a slight change.
Despite the impact
COVID-19 is having on Indian business and government operations, MMTC called
its much awaited urea tender. The tender closes May 4 with shipment by June 21.
Sources said earlier MMTC will need to buy at least 1 million mt to make up for
limited tonnage purchased earlier this year by RCF and to deal with stepped up
demand by farmers. The tender call also comes as urea prices are rebounding in
China and the Middle East.
A strike by Port of Montreal longshoremen is resulting in a complete shutdown of cargo handling and docking service, the port said in a statement Monday, cited by Bloomberg. The general strike is affecting all terminals except liquid bulk handling, grain terminal and Oceanex service. On Sunday, the port said clients can expect delays in delivery “for the next few days and even weeks.”
The federal government has issued
notice it is preparing back-to-work legislation if needed. Fertilizer
Canada called on the Prime Minister and his government to immediately implement
the legislation and work quickly to end the Port of Montreal strike and get
fertilizer moving again. It said decisive action is needed to mitigate the
impact of this strike on Canadian farmers, particularly those in Quebec and
Atlantic Canada. It noted that hundreds of thousands of tons of fertilizer
enter Canada through the Port of Montreal during the spring seeding
season.
Saudi Arabian Mining Co. (Ma’aden) CEO Mosaed bin Suliman Al Ohali has resigned from the position, effective April 25, for personal reasons, the Saudi company announced in a stock exchange filing. Al Ohali has been Ma’aden’s CEO for just over 12 months.
Abdulaziz bin Asker Al Harbi has been appointed acting CEO. Al Harbi has more than 33 years of experience in industrial management and operation. He joined Ma’aden on 2007 as President of Ma’aden Phosphate Co., and most recently was appointed as an Executive VP, Shared Services & Security.
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