Just days after SQM released less-than-stellar Q1 results, the company was dealt another blow. PotashCorp revealed on May 21 that it is re-evaluating whether to keep its stakes in both SQM and Israel Chemicals.
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Fertoz upgraded the JORC resource and released scoping study results for its Wapiti phosphate project in British Columbia last week.
Eritrea was featured in online magazine Geeska Afrika. The article enumerates benefits to potential investors, particularly in the mining industry. One of the projects mentioned in the article is South Boulder Mines’ (ASX:STB) Colluli Project, located in the Danakil Depression in South East Eritrea, which is a joint venture between South Boulder and the Eritrean National Mining Company.
Reuters reported that China and Belarusian Potash Company have signed a deal that will see BPC supply 4 million tonnes of the fertilizer over five years at a price tag of approximately $1.3 billion based on current industry prices, as well as extended a loan totaling $1 billion to Belarusian banks.
Here’s a look at the 10 top potash-producing countries of 2014, as identified by the US Geological Survey.
On Friday, Uralkali signed a deal with Indian Potash, agreeing to the sale of 800,000 tonnes of potassium chloride for $332 per tonne. That’s a $10 increase from last year’s contract, but not as much as Uralkali had hoped.
The first quarter of 2015 hasn’t been the most positive for the potash space. Still, some fertilizer companies have managed to see major share price gains, with a couple increasing by over 50 percent year-to-date. Here’s a look at the three big gainers on the TSX and TSXV so far this year and what they’ve done to get the attention of investors.
Mining.com reports that the Industrial Commercial Bank of China (ICBC) and China Construction Bank have acted as lenders of a $530 million loan deal between China and potash miner Uralkali (LSE:URALL), the world’s biggest producer of the commodity.
MarketsandMarkets published a report titled “Specialty Fertilizers Market by Type (Monoammonium Phosphate, Monopotassiun phosphate, Potassium Nitrate, Potassium Chloride, Potassium Sulfate, Urea, UAN, and Others), by Crop Type & by Region – Global Trends & Forecast to 2020″ that projects the specialty fertilizer global market will reach $19,885 million by 2020.
The Financial Post reported that China’s Communications Construction Company Ltd. was in talks with Allana Potash Corp (TSX:AAA) to buy a controlling stake in the company prior to signing the deal with ICL (NYSE:ICL).