Potash heavyweight Potash Corporation of Saskatchewan announced today that it will be slashing its workforce by 18 percent.
There's a new potash variety on the scene that could have a big impact on Brazil's agriculture industry.
Brazil and Chile are the leading potash producers in South America.
Brian Ostroff, managing director of Windermere Capital, recently took some time to speak with Resource Investing News about the fundamentals driving phosphate market, and more specifically, Canada's phosphate hopeful, Arianne Phosphate.
If there is one thing in this world that is certain, it is that we all need to eat. Steve Yuzpe, CFO of Sprott Resource, spoke with INN Editor Vivien Diniz at the recent World Resource Investment Conference in May about the trends impacting agriculture markets and the supply-demand impact that these trends can potentially have on food costs.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) arranged a non-brokered private placement for gross proceeds of approximately $1.17 million, by issuing 650,000 Flow-Through Shares, at a price of $1.80 per Flow-Through Share.
Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) filed its technical report entitled, "NI 43-101 Technical Report Resources and Reserves of The Blawn Mountain Project, Beaver County, Utah" on SEDAR.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) filed its financial statements for the third quarter of 2013. The Company also made significant progress on the Lac a Paul Phosphate Rock Project during the third quarter. Highlights include filing the NI 43-101 compliant technical report on SEDAR and announcing positive results of the feasibility study for the project.
Verde Potash (TSX:NPK) is pleased to announce that the Company's ThermoPotash product has been approved for use on organic crops by IBD Certifications, the largest certifier in Latin America and Brazil.
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.
Arianne Resources (TSXV:DAN) CFO, Derek Lindsay spoke with Investing News Network on the Company's anticipated name change to Arianne Phosphate to emphasize the focus on phosphate, and further explains the difference between phosphate vs. potash.
Passport Potash (TSXV:PPI) President Joshua Bleak spoke with the Investing News Network at PDAC in Toronto on shallow potash mining in Arizona. On advice to investors, Joshua talks about how important jurisdiction is in derisking projects
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.
Reuters reported that U.S. fertilizer giant, Mosaic Co, cut its outlook for the 2013 global potash shipments citing weaker demand in India and a delay in setting a second-half contract between Canpotex and China's Sinofert Holdings.
Reuters reported that according to Canada's Agrium Inc. (TSX:AGU,NYSE:AGU), during the current quarter, potash volumes will be approximately 30 percent lower than normal.
The Wall Street Journal reported that in the fourth quarter of this year, Russia's Uralkali (MCX:URKA) plans to cut potash prices for compound fertilizer producers by 12.5 percent.