It might be awhile before the market sees a potash industry recovery. However, according to a special report from TD Economics, the road to recovery exists somewhere amidst the haze of uncertainty.
The US Bureau of Land Management has approved and granted Magna Resources 14 Federal Potash Prospecting Permits for the Green River potash project.
It was only a matter of time before another deal was done in the potash market.
This week, Uralkali announced that it has signed a supply contract with China for $305 per metric ton, a 24-percent discount to the previous year.
Reuters reported that Chilean fertilizer group SQM's profits were down 51 percent in the final quarter of 2013. The company is looking at falling world prices for potassium chloride and iodine as the cause of its negative performance.
IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) announced the publication of the final Environmental Impact Statement for its New Mexico-based Ochoa sulfate of potash project.
Passport Potash Inc. (TSXV:PPI) announced a decrease the size of the board to five members. Pursuant to that announcement the company accepted resignations from Dennis Ickes, Jerry Aiken, Laara Shaffer and Bill Allred. Mr. Ickes, Mr. Aiken and Ms. Shaffer will join the company's advisory board.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) reported its corporate and financial results for the three and twelve month periods ended December 31, 2013.
Potash Ridge (TSX:PRK) CFO Jeffrey Hillis talks about Sulfate of Potash and the Company's Blawn Mountain Project in Utah.
Magna Resources Ltd. (CNSX:MNA) President, Mike Sieb, talks 600 million to a billion tons of potash grading between 19 and 29%.
Potash Ridge (TSX:PRK) President & CEO Guy Bentinck spoke with the Investing News Network at PDAC in Toronto on low risk surface mining for bauxite and potash in Utah. On advice to investors, Guy says "look for opportunities that have sound fundamentals behind them."
EPM Mining Ventures Inc. (TSXV:EPK) CEO, Lance D'Ambrosio speaks with Investing News Network on the Company's Sevier Lake Project in Utah and explains the difference between sulfate of potash and muriate of potash, as well as the solar evaporation extraction process.
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.
Global News reported that more than 50 people were forced to seek refuge in emergency shelters at Agrium's potash mine near Vanscoy following a fire that started overnight on Friday.
Reuters reported that Sinochem has extended an agreement to buy potash from Canpotex, North America's potash marketing arm, by one year
Bloomberg reported that in 2014, Uralkali OAO (MCX:URKA) sees global demand for potash reaching a 10-year high as falling prices allow sales to pick up.