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Potash West, East Exploration Commission ERCOSPLAN to Find Targets at Küllstedt

Potash West, East Exploration Commission ERCOSPLAN to Find Targets at Küllstedt

Potash West (OTC:PWNNY,ASX:PWN) announced that East Exploration Pty Ltd. - from where Potash West earns 55% - has commissioned ERCOSPLAN to review and summarize all available geological data related to the Kullstedt license in Germany, including an estimate of Exploration targets for the area.

South Boulder Mines Releases Pre-Feasibility Study for Colluli Potash Project

South Boulder Mines Releases Pre-Feasibility Study for Colluli Potash Project

South Boulder Mines (ASX:STB) released its Pre-Feasibility Study for the Colluli Potash Project in Eritrea, Africa, demonstrating that it can be brought into production with the potential of a low operating cost.The Pre-Feasibility Study confirmed a total cash cost of US$189/t of SOP, a 100+ year mine life, and expected production output of 425kt per annum of SOP, increasing to 850kt per annum from Year 5. The Study also examined a two-module development over a 30 year mine life, with the large 1.289Bt resource having the ability to accommodate substantial expansions.

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Market News

Potash Corp Buys Stake in Brazilian Firm

Potash Corp. of Saskatchewan (TSX:POT) announced it is buying a 9.5% stake in Brazil’s Fertilizantes Heringer S.A. (Heringer) for US $55.7 million.

Canpotex Looks to Raise Price of Potash in China Deal

Reuters reported that Canpotex Ltd., a North American company owned by The Mosaic Company (NYSE:MOS), Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) and Agrium Inc. (TSX:AGU,NYSE:AGU), is requesting an 8 percent increase in its 2015 potash supply contract with China's Sinofert Holdings.

Manitoba Looking to Start Potash Mine

The Winnipeg Free Press reported that the Canadian province of Manitoba has sent an information package to a number of companies to gauge their interest in developing 28,024 hectares "of undeveloped, mineable high-grade potash deposits" north of Russell.

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