September 2024
Potash market collapse raises questions about BHP’s $16b bet
Economists at Rabobank say the global market for the key fertiliser ingredient is oversupplied and prices will continue to fall.
- Brad Thompson
July 2024
Potash giant says life about to get harder for BHP
Global fertiliser giant Nutrien predicts big challenges ahead for BHP as it tries to make an expensive leap into potash production.
- Brad Thompson
May 2024
BHP’s Anglo American bid clouds Rinehart-backed potash project
The miner had been in talks about selling a big stake in the fertiliser development amid a plunge in prices linked to higher exports from Russia and Belarus.
- Brad Thompson
January 2024
BCI Minerals in $315m equity raise
The resources company had its broker Canaccord Genuity pitching the deal on Thursday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
Canadian rail giant approves CEO’s BHP coupling
Canadian National directors joined BHP’s board in giving their blessing to a romantic relationship between chief executives Tracy Robinson and Mike Henry.
- Brad Thompson
- Exclusive
- Mining
BHP CEO Mike Henry’s new relationship approved by board
BHP’s push into the Canadian potash industry has created an overlap between his private and professional lives.
- Brad Thompson and Peter Ker
November 2023
BHP looks to take potash plant nuclear
BHP’s single largest investment under construction is going to need a lot of energy. Nuclear power is an option.
- Matthew Cranston
October 2023
BHP sinks $7.7b into second stage of mega potash project
This round brings the total investment in the Jansen venture to $15.1 billion, transforming it into one of the world’s largest mines for the fertiliser ingredient.
- Elouise Fowler
August 2023
Labor backs northern Australia fund as $490m potash decision looms
Kalium Lakes is the second domestic aspirant to go into receivership without repaying tens of millions of taxpayer loans.
- Updated
- Jacob Greber and Peter Ker
Kalium founder says NAIF acted as ‘shadow director’ in potash collapse
Brent Smoothy wants the corporate regulator to investigate the circumstances of the federal development agency pulling a loan deal at the last minute.
- Peter Ker
Taxpayers face $83m loss in another potash collapse
Federal agencies pledged close to $1 billion towards the creation of a local potash sector over the past four years. Now, two of the frontrunners have collapsed.
- Peter Ker
June 2023
Banton investigates Salt Lake Potash, EY class action
The law firm said it was well-advanced in preparing claims against Salt Lake’s auditors and its directors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kalium Lakes hunts defence adviser as stock suspended
The listed sulphate of potash producer collected responses to a request for proposal for a defence advisory gig in just the past week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May 2023
Why Owen Hegarty is bullish on Pamplona potash project
EMR Capital co-founder Owen Hegarty says a shortfall in global potash supply could last up to a decade and impact food production and prices.
- Brad Thompson
September 2022
- Exclusive
- Mergers & acquisitions
Why this Czech tycoon wants to buy our coal mines
Sev.en Global Investments wants to add thermal and coking coal mines to its Australian portfolio, with CEO Alan Svoboda saying the energy transition will take longer than some expect.
- Angela Macdonald-Smith
Investigator raises alarm over Salt Lake Potash collapse
An investigation into a collapsed Australian potash trailblazer has alleged that investors were misled prior to a fundraising and the company traded insolvent
- Peter Ker
Done deal: Salt Lake Potash sells to Czech buyer Sev.en
Czech family-owned energy investments business Sev.en Global Investments has emerged as the buyer for bankrupt ASX-listed Salt Lake Potash, securing its second deal Down Under in the space of a few days.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
BHP may double Jansen potash several years earlier
BHP has brought forward first production at its Canadian potash mine by one year, but the second stage of the mine could be fast-tracked by multiple years.
- Peter Ker
August 2022
Kalium Lakes restructures debt but must raise $20m equity
Listed Potash play Kalium Lakes has convinced its lenders to restructure about $200 million of debt, but it must raise at least $20 million from the equity capital markets for the reprieves to kick in.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
May 2022
Ukraine war spurs BHP to crunch the gears on Jansen potash project
Sanctions on Russia and Belarus, which account for 40 per cent of the resource’s global output, have widened the opportunity for the miner’s biggest plant.
- Hans van Leeuwen