Karnalyte shelves financing talks for new potash mine

Study calls for a $2.9bn mine producing 2.8m tonnes for 50 years.

Last October, Vale put the scope and schedule for its $1.26 billion Zogota iron-ore project in Simandou South under review.

Sirius Minerals has filed a petition to develop a vast potash mine in the U.K., posed to be one of the world’s largest deposits of the commodity.

Potash Corp. of Saskatchewan (TSE:POT) has logged a stunning 38% decline in Q4 profits due to dwindling demand from core Asian export markets India and China.

Agrium, Potash Corp. of Saskatchewan and Mosaic Co. admitted no wrongdoing.

Foreign and local investors spent a total of $3.8 billion in 2012 and the trend is expected to continue this year, with planned investments already amounting to more than $4 billion.

The world’s third-largest miner is set to post the lowest annual profit in three years.

Strictly six figures now.

Mining capex was up 12% to $211 billion last year.