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Company News

DuSolo Signs Deal for Discount Phosphate

DuSolo Fertilizers (TSXV:DSF) announced its signed an agreement to purchase phosphate from a fertilizer producer at a discounted rate. According to the agreement, DuSolo will buy 33,071 tonnes of phosphate rock at C$22 per tonne, for a total amount of $751,636 from a producer located in close proximity to its Bomfim project in Brazil.

South Boulder Mines Reviews Financial Model for PFS

South Boulder Mines Reviews Financial Model for PFS

South Boulder Mines (ASX:STB) announced the completion of an independent review of the financial model which will be used to assess the financial viability of the Pre-Feasibility Study for the Colluli Project in Eritrea, East Africa. A reconciliation of cash flows was conducted against key provisions of the Colluli Mining Company Shareholders’ Agreement, as well as a review of tax and depreciation against operating jurisdiction completed. The Pre-feasibility study is on track for completion in February.

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Market News

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.

Uralkali Looks to India for Supply Deal Ahead of China

Bloomberg reported that Uralkali (MCX:URKA,LSE:URALL) may opt for a supply deal with India ahead of China for the first time since 2008, which may mean a price increase. China, being the biggest consumer of potash, usually makes the deal first, providing a benchmark price for the year and with India paying a premium.

Infographic: The Shifting Market For Corn in the US

The latest infographic from Visual Capitalist looks at the changing corn industry in the United States. Although this graphic focuses on genetically modified corn strains and ethanol subsidies, investors in potash fertilizer might also want to check out the industry update.

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