Russia’s Uralkali to boost potash production

The gold miner reported earnings of $236 million in the quarter to Sept. 30, compared to a loss of $194 million the same period last year.

Tight supply, low inventories, and seasonal demand keep potash and phosphate prices high despite declining crop prices.

Anglo has agreed to sell its 33.3% stake in Jellinbah Group, a JV that owns 70% interest in the Jellinbah East and Lake Vermont coal mines.

Last week, the company admitted it faces a loss in Mongolia of up to $1.1 billion, linked in part to suspected fraud by its own employees.