TORONTO, ONTARIO--(Marketwired - Jan 12, 2017) - Lundin Mining Corporation () (OMX:LUMI) ('Lundin Mining' or the 'Company') announces production results for the three and twelve months ended December 31, 2016. The Company also provides a capital project update and announces the disposal of Aguablanca Mine. 2016 Highlights: • The Company achieved annual production guidance for copper and nickel. Zinc production was marginally below the most recent guidance. • Candelaria's fourth quarter capped a strong operating year with the highest quarterly copper production of the year. Eagle production met full year guidance on continued robust performance. Neves-Corvo's zinc plant demonstrated stability with continued zinc recovery improvements, while Zinkgruvan's performance was impacted by lower than planned zinc head grades in the final quarter. • Operations safety performance in 2016 saw the fourth straight year-over-year improvement with a Total Recordable Injury Frequency ('TRIF') rate of 0.60 achieved at year-end. • Year-end net debt balance was approximately $290 million, including cash and cash equivalents of approximately $710 million. Tenke Fungurume related distributions totalled approximately $70 million for the year, better than previously guided. Associated Press Seeking to move past the shadow of the Russia investigation, President Donald Trump intends to use his first State of the Union address to cite economic progress under his watch while pushing for bipartisanship with Democrats on issues such as rebuilding roads and bridges. The White House said Sunday that the president would point to a robust economy and low unemployment during his first year and the benefits of a tax overhaul during Tuesday's address to Congress and the nation. Aides have said Trump, who stayed at the White House over the weekend as he prepared, is expected to set aside his more combative tone for one of compromise and bipartisanship. Reuters The release of Saudi Arabia's Prince Alwaleed bin Talal, known for his big bets on Citigroup and other top Western companies, is likely to reassure investors in his sprawling international business empire. People are friendly and approachable, meaning that Luxembourg is a welcoming place to settle in. Functional composites, adhesion and interface engineering are central to its research on composite. The Luxembourg production plant also serves as a key regional research and development centre. For many foreigners, Prince Alwaleed - whose net worth has been estimated by Forbes magazine at $17 billion - is the face of Saudi business, appearing frequently on international television and in articles about his investments and lifestyle. A 2013 Forbes magazine profile described his marble-filled, 420-room Riyadh palace, a private Boeing 747 equipped with a throne, and his 120-acre resort on the edge of the Saudi capital with five homes, five artificial lakes and a mini-Grand Canyon. MarketWatch When Advanced Micro Devices Inc. Reports earnings Tuesday, the results will hold clues about how cryptocurrency mining effected graphics-chip sales, and the forecast will give indications about the effects of flaws in AMD’s other core products. AMD AMD, +4.35% shares this year have been making up some ground lost in 2017, when rival chip maker shares skyrocketed. Gains may have been muted, though, by the January disclosure of chip design flaws that shook the industry as a whole, Spectre and Meltdown. When news of the exploits first broke, AMD played down its exposure, but has admitted that its central-processing units are vulnerable to the potential vulnerability. Shares were volatile following •. Motley Fool When you're nearing retirement and taking a look at your 401(k) balance, hopefully you're feeling pretty good about the savings you've amassed. Your 401(k) is probably going to be your primary source of income other than Social Security, so understanding how much your account is worth is vital to determining both if you have enough to retire and what your retirement income is likely to be. You'll not only have to pay taxes on money you take out of a traditional 401(k) but taking money out could also trigger other taxes, too. Motley Fool Shares of industrial behemoth General Electric (NYSE: GE) have been in a tailspin ever since the company named John Flannery as its new CEO last June. Flannery hasn't exactly done anything wrong -- rather, he revealed that there had been huge problems brewing under the surface for some time, especially in GE's power business. The stock slide accelerated last week, after General Electric announced that it would take a big charge related to rising claims in an old GE Capital insurance portfolio. ABC News A federal judge ruled on Friday that the family company once run by Jared Kushner isn't allowed to keep secret the identity of its business partners in several Maryland properties. District judge in the state rejected the argument that the privacy rights of the Kushner Cos. Partners outweigh the public interest in obtaining judicial records in a lawsuit before the court. The decision means that the company tied to President Donald Trump's son-in-law might be forced to provide a rare glimpse into how it finances its real estate ventures. The ruling backed the argument by The Associated Press and other news organizations that the media has a 'presumptive right' to see such court documents and the Kushner Cos. Had not raised a 'compelling government interest' needed by law to block access. Fortune President Donald Trump says he doesn’t intend to fire Special Counsel Robert Mueller, who is overseeing the investigation of Russian meddling in the 2016 campaign that has spilled over to Trump’s associates and perhaps to the president himself. A special counsel is granted a level of independence and autonomy to lead investigations of politically sensitive, nationally important matters. It’s a lawyer from outside of government named by the attorney general to take over an investigation that poses a conflict of interest for the Justice Department. Associated Press Australia's government announced a strategy Monday to create high-tech jobs and become one of the top 10 defense-industry-exporting countries within a decade through arms sales to liked-minded nations while also keeping those weapons from rogue regimes. Australia will create a 3.8 billion Australian dollar ($3.1 billion) fund to lend to exporters that banks are reluctant to finance, a central defense export office and expand the roles of defense attaches in Australian embassies around the world. Prime Minister Malcom Turnbull said that with AU$200 billion budgeted to increase Australian defense capabilities in the next decade, Australia should rank higher than 20th among arms-exporting countries. Yahoo Finance The role of the “FAANG” and “FAAMG” stocks have played in the rally is much more muted that investors might think, according to Goldman Sachs. “In addition to the misconception that this rally has been driven by easy money, irrational exuberance or the impact of Trump administration politics, we believe that there is a significant misconception about the role of FAANGs in boosting returns,” Goldman’s Sharmin Mossavar-Rahmani and Brett Nelson wrote in their 2018 annual outlook that’s sent to the firm’s multimillioniare clients. Goldman noted that many have suggested that the FAANGs account for a vast portion of stock returns. As the world’s population continues to grow, so too do the number of mouths. As a result, it is becoming increasingly important for farmers to grow more crops more efficiently. That’s where potash fertilizers come into play — they not only increase the quality of food being grown, but also increase crop yields. Farmers use various fertilizers to grow crops, but the two most common are sulfate of potash (SOP) and muriate of potash (MOP). For investors, it’s important to know the difference between these two types of potash fertilizers. Read on for an explanation of their common uses, as well as a look at methods of producing them and which companies are doing so today. Potash fertilizers: Muriate of potash MOP, or potassium chloride, is the most commonly used potash fertilizer and can be used to farm a variety of foods, particularly chloride-loving vegetables like sugar beets, celery, Swiss chard and other plants that are resilient to chloride. Its chloride content can be beneficial for soils that are low in chloride, making them more disease resistant. There are some drawbacks to MOP. For example, if high levels of chloride are present in the soil or irrigation water being used to grow crops, adding MOP can create toxicity. That means levels of the fertilizer have to be carefully managed, and MOP must only be used for select crops. Still, MOP remains the most popular potash fertilizer, with over 55 million tonnes being sold and used annually. Forecasts suggest in 2017. Having said that, the popularity of MOP in recent years has led to, resulting in lower-than-desired prices for the product. Potash Corporation of Saskatchewan (TSX:, NYSE:POT) is a major producer of MOP, but because the fertilizer is so crucial in the world today, many smaller companies are exploring for the material. For example, Highfield Resources (ASX: ) is a MOP exploration company that currently has five potash projects in Spain. It has been liaising with the country’s Ministry of Agriculture, Fishing, Food and Environment to discuss the. Saskatchewan-based Western Potash (TSX: ), which recently received for its Milestone project, is pursuing MOP as well. (TSXV:), which is also based in Saskatchewan and focused on MOP, has with an Indian conglomerate to develop the Vanguard One project — a small, scalable potash production facility in Central Saskatchewan. Companies like Encanto Potash (TSXV ), Verde Agritech (TSX: ) and Karnalyte Resources (TSX: ) are all also involved in exploration for MOP. Potash fertilizers: Sulfate of potash SOP is considered a. It contains two key nutrients for growing crops: potassium and sulfur. Using SOP not only improves quality and crop yields, but also makes plants more resilient to drought, frost, insects and even disease. SOP has also been known to improve the look and taste of foods and can improve a plant’s ability to absorb essential nutrients like phosphorous and. Most often SOP is used on high-value crops like fruits, vegetables, nuts, tea, coffee and tobacco. The fertilizer works better on crops that are sensitive to chloride, which can sometimes have a toxic impact on fruit and vegetable plants. Unlike MOP, SOP is not a naturally occurring mineral, and usually must be produced through chemical methods. Because of the used to create it, SOP is priced higher than MOP. The most common method used to produce SOP is called the Mannheim process. It involves pouring raw materials into a muffle furnace that is heated above 600 degrees Celsius, creating a reaction between potassium chloride and sulfuric acid. It accounts for roughly. The next most common way to produce SOP, accounting for about 25 to 30 percent of supply, is by reacting potassium chloride with various sulfate salts to form what is called a double salt. “The most common raw material employed for this purpose is sodium sulfate. Sodium sulfate, either in the form of mirabilite (also known as Glauber’s Salt) or sulfate brine, is treated with brine saturated with MOP to produce glaserite. The glaserite is separated and treated with fresh MOP brine, decomposing into potassium sulfate and sodium chloride,” explains IC Potash (TSX:) on its website. Some companies are looking to develop their own methods of producing SOP, and IC Potash is one of them. Its process is called the Ochoa process, and it involves converting the mineral polyhalite into SOP through crushing and washing, calcination, leaching, crystallization and granulation. Potash West (ASX: ) also has its. It is called the K-Max process, and the company developed it with its partner Strategic Metallurgy. Essentially, the process involves the extraction of SOP from glauconite. There are also some operations that produce SOP using salt mixtures from natural brines. This requires brine with high sulfate levels, typically found in salt lakes. Australia-based Agrimin (ASX:) is known for this type of production and holds 100% ownership of the largest mineral resources of brine hosted SOP in the world in its Mackay project. Some other examples of companies able to use naturally occurring brines are Compass Minerals International (NYSE: ), which operates out of Overland Park in Kansas, and Chile’s Sociedad Quimica y Minera (NYSE: ), which has operations in the Salar de Atacama. Other companies that are focused on SOP production include: Crystal Peak Minerals (), (ASX:), Potash Ridge (TSX:), Reward Minerals (ASX:) and Salt Lake Potash (ASX:). All companies listed in this article had market caps of over $15 million as of July 13, 2017. If you think we missed a company that should be included, please let us know in the comments. And don’t forget to follow us for real-time updates! This is an updated version of an article originally published by the Investing News Network in 2015. Securities Disclosure: I, Sivansh Padhy, hold no direct investment interest in any company mentioned in this article. Editorial Disclosure: Danakali and Gensource Potash are clients of the Investing News Network. This article is not paid-for content.
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