Fertilizer Markets and Finance

On this blog I publish posts & news about what's new in the fertilizer industry and how it's markets are affected by geopolitical developments, environmental changes and monetary policies. I also focus on how farmers are affected by government decisions, and economic fundamentals of the market place. I am passionate about agriculture in Trinidad and write about problems farmers face in the agriculture industry especially in rural areas. Thanks for viewing.

Jonathan Mohan

Some of my highlighted work -
The destruction of Trinidad and Tobagos’ local banana market.

The geopolitics and economic stratagem of Uralkali’s bombshell will change the global potash oligopoly.
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A charity has called for a public inquiry into plans for a potash mine in the North York Moors National Park.

The Campaign for National Parks (CNP) said it was “very concerned about the threat that this mine poses for the North York Moors”.

Planners are considering proposals by Sirius Minerals to build a minehead and two 27-mile (44km) underground pipelines.

Read more at BBC

The plans include a minehead and a 27-mile underground pipe

Sirius Minerals has updated its shareholders on the planning approval process for its York Potash Project.

As part of its timetable to make a determination on the application, the North York Moors National Park Authority (“NYMNPA”) has prepared an ‘issues report’ for its planning committee. 

The report is a snapshot of the planning considerations and does not account for all of the additional information recently provided to the NYMNPA last month. This information was provided by the company following a range of information requests by the NYMNPA and is currently subject to a re-consultation exercise by the Authority with statutory consultees. 

Read more at StockMarketWire

Plans to extend a potash mine at Boulby in East Cleveland are expected to create more than 270 jobs by the end of 2015, the owners said.

Cleveland Potash, which runs the site near Saltburn, said the development would secure the plant for 40 years.

Plans include extending the mine to the east and upgrading facilities to increase production capacity.

Some groups have raised concerns the development could have an intrusive effect on the local area.

The company hopes to extend its planning permission with the North York Moors National Park Authority to 2063.

Cleveland Potash’s parent company Israel Chemicals Ltd (ICL) is set to invest £300m in the area over the next five years.

Read more at BBC

The potash plant at Boulby is set to increase its workforce by 270 in the next two years

Britain will be forced to become a net importer of wheat for the first time in a decade this year, after the recent bitter weather devastated crops.

A disastrous 12-month cycle of poor weather has ruined harvests across the UK, costing farmers an estimated £500m, the chief economist of the National Farmers Union (NFU) warned.

The conditions mean Britain – traditionally a significant net exporter of wheat – will have to boost imports by more than a million tonnes.

While the effect on the price of a loaf of bread is expected to be minimal, the dismal harvests will increase the country’s reliance on the secretive trading firms which dominate the international grain market.

The crop damage deals a further blow to Britain’s beleaguered farming industry, which is already reeling from a spate of recent livestock deaths due to the cold weather. To make matters worse, the weather has made planting new crops more difficult and damaged many of the seeds that have been sown in recent weeks.

Read more at The Independent

A DECISION on the future of a proposed £1 billion potash mine in the North York Moors has been delayed after the company has been asked for further information.

The plans were to be discussed by the North York Moors National Park Authority at a meeting on May 21.

But the authority is to consult again with statutory stakeholders, including the Ministry of Defence which has raised concerns over the possible impact on RAF Fylingdales, and the Environment Agency, once further information has been received.

The meeting has been provisionally pushed back to July 2. Sirius Minerals, the company behind the York Potash Project, has agreed to provide the outstanding information by April 21 and that it was planning to hold a webcast explaining the planning process.

Read more at The York Press 

Proposals to mine some of the world’s largest deposits of potash - used to make fertiliser - under the North York Moors have divided local opinion.

With peaceful, stunning views, tourism provides most of the jobs in the region, but with pockets of high deprivation and an economy growing at half the national rate, some welcome the income the mine would provide.

Jenny Hill reports.

A MAJOR mining project which could create up to 5,000 jobs has received a boost after the firm behind the plans is set to be granted an offshore licence to extract a mineral which makes super-fertiliser potash from underneath the North Sea bed.

York Potash, the company which wants to build a concealed polyhalite mine south of Whitby after discovering what is thought to be the world’s largest and purest seam below the North York Moor National Park, has been notified the Marine Management Organisation (MMO) has positively determined its application.

Sirius Minerals, the international mining conglomerate which owns York Potash, announced the news to the market this morning, saying the step, which allows the firm to extract minerals from a 525km sq area under the sea, represented one of the project’s four “key approvals”.

The company expects to receive written confirmation of the decision from the MMO, which is the Government body which regulates the seas around England.

The news comes as the firm announced plans for its onshore mine at Sneaton, south of Whitby, North Yorkshire, were being finalised and were expected to be submitted to the North York Moor National Park Authority for approval by the end of the month.

Read more at The Northern Echo

THE firm behind a mine that could create up to 5,000 jobs in the region has reduced development costs by about £700m and could have the facility up and running within four years, if plans go ahead, it emerged yesterday.

Further engineering work has revealed York Potash, which wants to start mining what is thought to be the world’s largest deposit of the mineral polyhalite, used to make fertiliser component potash, can reduce the cost of creating the mine from £1.7bn to £1bn and complete it three months faster.

The statement was released to the City yesterday by Sirius Minerals, the international mining firm that owns York Potash.

The project at Sneaton, near Whitby, could create up to 1,000 direct and 4,000 indirect jobs, but the high costs involved in extracting the mineral has prompted Sirius to launch a search for potential investors. It is also planning to crush and sell granular polyhalite rather than incur the high costs of processing the mineral. Yesterday, Sirius unveiled a project study update which outlines the reduced pre-production capital costs, which the firm says reduces project risk for investors and makes new jobs more likely.

The changes to the proposals will still necessitate an underground pipeline to a distribution plant in Teesside, and will not affect the final number of jobs.

Following detailed work, the company’s engineering team believes the mine could be constructed at least three months earlier than previously thought, further minimising the impact of the project’s construction.

Sirius also announced the results of a concept study which confirms the viability of producing NPK fertilisers using polyhalite, the potash ore targeted by the project, which is a source of potassium, sulphur, magnesium and calcium.

Read more at The Northern Echo