What Do Droughts Mean for Potash Investors?

What Do Droughts Mean for Potash Investors?

With droughts drying up the Southwest and Western United States, investors might be interested in having a look at how the fertilizer market is being impacted.

Utah’s Next Potash Mine? Potash Ridge Secures Permit

The Utah Division of Oil, Gas and Mining added some wind to Potash Ridge's sails this week with its approval of the company's notice of intention to start large mining operations at the Blawn Mountain potash project in Utah.

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Company News

Potash Ridge Reports Q2 Financial Results, Blawn Mountain Project Update

Potash Ridge Reports Q2 Financial Results, Blawn Mountain Project Update

Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) released its second quarter financial results today. The company also provided key project highlights and an outlook for the remainder of 2014. Potash Ridge closed the second quarter of 2014 with cash and cash equivalents of $3.7 million, and recorded accounts payable and accrued liabilities of $0.8 million.

Potash West Enters Potash Market in Germany

Potash West Enters Potash Market in Germany

Potash West (ASX:PWN) announced its entry into the potash market in Germany via a joint venture with East Exploration, whereby Potash West has the right to earn up to 55% by funding early exploration. The licence applications are located in the historical South Harz potash district.

Potash Ridge Receives Water Permit for Blawn Mountain Project

Potash Ridge Receives Water Permit for Blawn Mountain Project

Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) announced that the Utah Division of Water Quality has issued Potash Ridge a Ground Water Discharge Permit for its Blawn Mountain Project. This represents a significant permitting milestone for Blawn Mountain.

Strata Minerals Completes Drilling at Diamond Mountain Phosphate Project

Strata Minerals Inc. (TSXV:SMP) announced the completion of its exploration drilling programme at the Diamond Mountain Phosphate Project in Utah. Phosphate mineralization was encountered at 120 to 286 meters and initially interpreted to be within a mineralized zone ranging between 4.1 and 5.2 metres thick and averaging 4.7 metres.

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Market News

South Sudan Conflict Could Result in Famine

The Guardian reported that continued conflicts in South Sudan are preventing the delivery of vital supplies which has set the country on the path towards a "hunger catastrophe."

Potash Juniors Beat Odd in Brazil and Ethiopia

Reuters reported that despite the slowdown in the potash market over the last eight months, two junior potash companies have managed to shake off the bearish sentiment of the industry, bolstered by their proximity to two of the world's most promising, but under-served fertilizer markets: Brazil and Africa.

Eyes on Morocco’s Phosphate Industry

ABC Rural reported that phosphate industry players should keep their eyes on Morocco as it appears that the country's Government will make a move to increase its stake in global phosphate production, which could in turn threaten Australia's supply.

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