Inefficient Potash Tax System Hindering Saskatchewan

A study released by the University of Calgary criticizes Saskatchewan's potash tax system, noting that it limits the province's ability to perform against international competitors.

Pacific Potash Faces Brazil Project Shutdown

After a tax payment destined for the Department of Mineral Production failed to arrive in Brazil for "unknown reasons," Pacific Potash could lose its Amazonas property.

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Company News

Arianne Phosphate to Start Permitting Phase for Lac a Paul

Arianne Phosphate Inc. (TSXV:DAN) announced that on February 18, 2015 it will begin the public information and consultation process required for it to receive environmental permitting for its Lac a Paul project.

Potash Ridge Enters Agreement With Watco for Blawn Mountain

Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) announced a memorandum of understanding with Watco Companies LLC for activities related to a loading facility and short-line rail road to Potash Ridge's Blawn Mountain project.

Circum to Finish DFS for Danakil Project by Mid-2015

Mining Weekly reported that Circum Minerals Ltd. will likely complete the definitive feasibility study (DFS) for its Ethiopia-based Danakil potash project midway through 2015.

MBAC Fertilizer Provides Update on Strategic Review Process to Improve Liquidity

MBAC Fertilizer (TSX:MBC) has engaged Duetsche Bank AG to act as a financial advisor in connection with the company'ss strategic review process to help find a definitive solution to the current working capital constraints and liquidity requirements. As part of the review process, it will look at securing a strategic partner, selling the company or some of its assets as well as other potential value-maximizing transactions.

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Market News

Minnesota Using Potash to Eradicate Zebra Mussels

ABC News reported that the Minnesota Department of Natural Resources is using potash for the first time to kill the zebra and quagga mussels. To achieve this, the department will inject liquid potash under the ice of Christmas Lake.

Shares of North American Potash Companies Up Sharply

Bloomberg reported that North American potash producers saw a sharp increase in value of their shares after one of Uralkali OAO’s (MCX:URKA) mines ceased production due to hazardous conditions.

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