Latest news with #Potash
The Hindu
6 days ago
- Business
- The Hindu
Vedanta declared preferred bidder for Janthakal iron ore mine in Karnataka
Vedanta Limited, a natural resources and critical minerals company, has been declared as the preferred bidder for the Janthakal iron ore mine in Chitradurga. The company emerged successful in the e-auction process conducted by the Department of State Mines and Geology. The Janthakal block spans 71.16 hectares and is categorised as a G3 level exploration site, according to a company release. The award is subject to subsequent approvals, clearances, and fulfilment of conditions laid out in the tender. During the quarter, Hindustan Zinc Limited (a Vedanta Group company) secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh, the company's release said.
Malaysian Reserve
21-07-2025
- Business
- Malaysian Reserve
Hindustan Zinc beats consensus, backed by all-time high silver prices and first quarter lowest cost of production
UDAIPUR, India, July 21, 2025 /PRNewswire/ — India-based Hindustan Zinc Limited, a Vedanta Group company and the world's largest integrated zinc producer, announced its financial results for the first quarter ended 30th June 2025 on 18th July 2025. The company registered its highest ever first quarter mined metal production of 265 KT. Also, the company clocked record quarterly alloy production from subsidiary Hindustan Zinc Alloys (HZAPL), taking overall share of value-added products to c.24%. The company registered the lowest ever first quarter zinc cost of production (COP)^ at US$ 1,010/MT, better 9% YoY. The company delivered a profit, beating estimates to US$ 261 million with an industry leading EBITDA margin of c.50%. Hindustan Zinc, amongst the top five silver producers globally, has witnessed continued significant contribution from the silver segment to profitability at c.41%. During the quarter, the company secured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh. In the same period, the company's renewable energy consumption increased to c. 19%, on track to progressively achieve 70% by FY28. Along with that, Hindustan Zinc's Board approved the first phase of plans towards doubling production capacity with an investment of US$ 1.4 billion to set up a new 250 KTPA integrated smelting complex alongside similar expansion of mines & mills capacities. Historically, Hindustan Zinc has maintained investment grade rating 'AAA' and recently received ratings reaffirmation at CRISIL AAA/Stable/CRISIL A1+. Arun Misra, Chief Executive Officer, said: 'Delivering our highest-ever first quarter mined metal production at the lowest-ever zinc cost of production reflects our relentless focus on operational efficiencies and cost leadership. We have further strengthened our growth pipeline with Board approved Phase-1 of plans towards doubling the production capacity. Coupled with the addition of critical minerals blocks and rare earth elements, we are poised to transform into a multi-metal powerhouse, unlocking sustained value for our stakeholders.' USD-INR rate is 85.57^since underground transition About Hindustan Zinc Limited Hindustan Zinc Limited, a Vedanta Group company, is the world's largest integrated zinc producer and recognized as the world's most sustainable metals & mining company by the S&P Global CSA 2024. Disclaimer This release contains forward-looking statements that may differ from actual results. We undertake no obligation to update them. Photo:
Time of India
19-07-2025
- Business
- Time of India
No fertilizer shortage in Kharif season, says govt
Patna: The state agriculture department has said that there would be no shortage of fertilizers in the Kharif season. Sources said rumours are doing rounds in the countryside of the state that there could be shortage of fertilizers due to geopolitical instability. The department maintained the Centre has ensured timely supply of fertilizer to the state. "The Centre is making efforts to make available agriculture inputs to the farmers of the state in time," state agriculture director, Nitin Kumar Singh, said in a communique, adding: "Rakes of fertilizers are being sent to all the districts on a regular basis to ensure their steady supply to the farmers." A farmer, Kumod Kumar, from Falka block in Katihar district said: "Yes, there is a rumour regarding short supply of fertilizer due to the global tension, especially the ongoing Ukraine-Russia war and the recent Israel-Iran war. The fear is also that the prices of fertilizers would shoot up." He said the Potash variety of fertilizer sold for Rs 2,000 per 50 kg packet in Oct-Nov last year in the black market against the price of Rs 800 per packet. Apprehending the situation, the agriculture department has directed the district officials to "prevent the sale of fertilizers at illegal higher prices. Conduct regular raids against those indulging in black marketing and hoarding of fertilizers." During this year's Kharif season, FIRs have been lodged against nine retailers of fertilizers and licences of 93 establishments have also been cancelled, the communique said. Instructions have also been issued to the department's district officials to constantly hold meeting to monitor the supply and sale side of the fertilizers. The Centre has already fixed the quota for supply of various types of fertilizers to the state: 10.32 lakh metric tonne (MT) of urea, 2.20 lakh MT of DAP, 2.50 lakh MT of NKP, 50,000 MT of MOP and 75,000 MT of SSP. "There is no shortage of any variety of fertilizer in the state," agriculture director said, adding that against the state's quota fixed by the Centre, the fertilizer supply till Friday was 3.92 lakh MT of urea, 1.08 lakh MT of DAP, 2.32 lakh MT of NPK, 66,000 MT of MOP, and 1 lakh MT of SSP. "The rakes of fertilizers have also reached Bhabhua Road and Nawada district," he added.
Yahoo
14-07-2025
- Business
- Yahoo
Millennial Potash Announces U.S International Development Finance Corporation's Strategic Project Development Support for its Banio Potash Project in Gabon
West Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is excited to announce that the U.S. International Development Finance Corporation ("DFC") has committed up to US $ 3,000,000 in project development funding (approx. CDN $ 4,080,000) in its Banio Potash Project in Gabon and on July 8 conducted a joint signing ceremony in Washington D.C. for this investment agreement with the President of Gabon, His Excellency Brice Oligui Nguema in attendance. The strategic investment, done under the DFC's Project Development Program, will support a Feasibility Study ("FS") on the Company's Banio Potash Project in Gabon which will be initiated in the coming months. DFC is the U.S. Government's development finance institution that partners with the private sector to mobilize capital for strategic investments around the world. Farhad Abasov, Millennial's Chair, commented, "Millennial is very excited to announce a strategic investment by DFC in Millennial's Banio Potash Project in Gabon. DFC senior executives have visited Gabon several times over the past few months and have expressed their interest in exploring U.S. private sector investment opportunities in the country. The U.S. Ambassador to Gabon has recently visited the project site and came away impressed with the Company's technical progress as well as our first-class team. The Government of Gabon is fully supportive of the DFC investment as well. DFC also recognizes the importance of food security, especially in Africa, and is keen to invest in the Banio opportunity as a means to stabilize and enhance food availability throughout the continent. The DFC strategic investment comes in at the right time for Millennial as we are close to finishing the second stage of our drill program and are in the process of transitioning from an exploration stage to development. The DFC project development funding demonstrates the increasing strategic importance of Millennial's Banio Potash Project not only for Africa but for other key potash consuming markets in the world. The DFC involvement also derisks the project on many accounts and supports the successful start of a bankable feasibility study later this year. We look forward to working very closely with DFC at the feasibility study stage and beyond since DFC has a capability to help the company fund further development of the project. MLP appreciates the assistance it has received from the Government of Gabon and would like to express our deep gratitude to His Excellency President Brice Oligui Nguema for his continued support and commitment to our Banio Potash Project and attending the signing ceremony in Washington D.C. Millennial extends it's thanks to the entire DFC team involved with the project as well as the US Embassy and Ambassador Vernelle Trim FitzPatric in Libreville. We would also like to thank the team at Cygnum Capital for working with both MLP and DFC to facilitate this agreement." "DFC is excited to collaborate with Millennial Potash on this groundbreaking initiative, which will help accelerate food production across the African continent. By boosting domestic potash production, we are ensuring farmers have steady access to vital fertilizers, crucial for increasing crop yields and fostering sustainable agriculture. This significant investment will position Gabon as an emerging exporter within the continent, enhancing its position in the global agricultural supply chain and fueling long-term economic growth across Africa. DFC is proud to support projects like this that deliver tangible benefits to local communities, while also advancing broader goals of food security, economic resilience, and partnership across Africa," said DFC Head of Investments Conor Coleman. DFC's project development funds will develop the Company's Banio Potash Project for potential debt financing. Project development funds from DFC will be released over the course of the feasibility study and will be based on milestone activities completed that form integral parts of the feasibility study. No interest is payable on any project development funds, and repayment of project development funds is triggered by the Company reaching financing or investment to construct the Banio Potash Project. No security interest is granted pursuant to the project development agreement. MLP has initiated early-stage feasibility study work at Banio including a LiDAR survey to generate a Digital Terrain Model, a bathymetry survey of the lagoon, creep geotechnical tests and dissolution testwork on recently acquired drill core from holes BA-001-EXT and BA-004. DFC has prepared a press release regarding this investment in MLP which can be located at Millennial Potash Corp. signing ceremony with Chairman Farhad Abasov (seated), DFC Head of Investments and Chief of Staff Conor Coleman (seated), President of Gabon His Excellency Brice Oligui Nguema (standing right), and DFC Acting CEO Dev Jagadesan (standing left) To view an enhanced version of this graphic, please visit: Dignitaries from International Development Finance Corporation, Millennial Potash Corp and government officials from Gabon including the President, His Excellency Brice Oligui Nguema To view an enhanced version of this graphic, please visit: To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662 8184 or email at info@ Keep up to date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram, and YouTube. MILLENNIAL POTASH CORP. "Farhad Abasov"Chair of the Board of Directors Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Courier-Mail
21-06-2025
- Entertainment
- Courier-Mail
TV star abruptly ends interview: ‘Hanging up'
Don't miss out on the headlines from Reality. Followed categories will be added to My News. Teresa Giudice unceremoniously cut off an interview when asked about tax liens totalling over $US3 million ($4.6 million). In a clip shared via X Friday, the Real Housewives of New Jersey star, 53, fielded questions from local anchor Larry Potash at WGN9 in Chicago during a remote interview. 'How is it that a family doesn't pay their taxes for years?' Potash asked. 'Is that what the fraud charges were?' 'Um, who's – what family are you talking about?' the Bravo star asked, to which he replied, 'Your family.' Teresa Giudice abruptly ended a TV interview after she was asked a tax fraud question. 'OK,' Giudice said before attempting to end the video stream. 'Let's just hang up. That's it,' she said. Text reading 'Teresa's iPhone' could then be seen on the screen as the call ended. 'She didn't like that question,' marvelled Potash. 'Yeah. Well,' responded his co-anchor in the awkward clip. In an X re-post of the video, Potash quipped, 'In the words of one of our viewers, she evaded that question like …taxes.' Teresa, who was jailed for fraud charges in 2015, was not impressed with the question and immediately hung up. A black screen soon appeared, much to the shock of the hosts. Giudice owes $US303,889.20 ($470,000) in tax liens, according to documents obtained by Page Six back in March. Her husband, Louis 'Luis' Ruelas, whom she married in 2022, owes upwards of $US2.6 million ($4 million). The former Dancing With the Stars star was married to Joe Giudice for 20 years before their 2020 split. And prior to that, both served time in prison for mail, wire and bankruptcy fraud. Teresa was behind bars for 11 months in 2015. Joe, meanwhile, spent two years in prison before being released in 2019 and subsequently deported to his birthplace of Italy. Teresa served 11 months behind bars for mail, wire and bankruptcy fraud. Picture:/AFP Her now ex -husband husband Joe Giudice served two years in prison in the US before being deported to Italy in 2019. Picture: Getty Images Teresa (centre) has been a mainstay cast member on The Real Housewives of New Jersey since Season 1 in 2009. Picture: Tommy Garcia/Bravo The former couple shares daughters Gia, Gabriella, Milania and Audriana. Teresa's lookalike daughter Gia, 24, downplayed the family debt during a March episode of her Casual Chaos iHeart podcast. 'Let's start from the beginning,' she said. 'My mum has been the sole provider for my sisters and I since the minute my father [Joe] left for prison. The second my mum got home from jail, she has been working her arse off to make sure that my sisters and I live a stable life and that my family is financially stable.' Gia continued, saying she 'can't stress enough' how hard her 'mum has worked' and assured her listeners that 'everything will be resolved.' 'My mum has everything under control, and there's nothing to worry about,' she explained. This article originally appeared in Page Six and was reproduced with permission Originally published as Real Housewives star Teresa Giudice abruptly ends live TV interview when asked personal question
