Trade & transport

The World Gold Council releases its Quarterly Report on Demand

Omani Mining Strategy hopes to develop the nation’s sector, opening it to the global market.

Canpotex has confirmed it has concluded new potash supply contracts with its Chinese customers for shipments of 1.4 million metric t.

On Sunday 16 July, 12 railcars carrying potash derailed on McKellar Island.

At the the Tyva 2030/The Future of Tyva Forum, a LOI was signed by the Tyva Republic government and Northern Railways signalling support for Northern Rail Corridor.

Djibouti has installed a new US$90 million potash port in Ethiopia, which comes as the second of 4 new ports to be built.

Encanto Potash Corp. will have the capacity to produce and export 3.4 million tpy, according to a recently completed Preliminary Economic Assessment (PEA) by Amec Foster Wheeler.

As reported by Reuters, fertilizer exports from Qatari producer Qafco remain unaffected by the regional diplomatic row.

The Minerals Council of Australia welcomes the Carmichael coal mine and rail projects receiving Final Investment Decision approval.

Northern Railways and China Gezhouba Group enter into non-binding cooperation agreement to advance the Ovoot to Erdenet Railway.

The Ekhgoviin Chuluu Joint Venture (ECJV), tenement holder of the Nuurstei metallurgical coal project, has executed an offtake agreement with joint venture partner, Noble Group.

The agreement relates to a strategic collaboration and reciprocal commodity supply arrangements.

Bathurst Resources Ltd has successfully tendered a coal supply agreement from the company’s Canterbury coal mine.

Coal exports in the month were valued at AUS$4.26 billion in February, an increase of 76% compared to the year before.

Approximately 50 000 jobs have been created in the country following the signing of a Memorandum of Understanding regarding the supply of phosphate between Nigeria and Morocco.