Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
The rapid expansion of the middle class in the developing world is hiking food demand, and by extension fertilizers needed to grow crops, which require mined commodities like potash and phosphate. Brazil and the African continent are seen as key demand catalysts.
Western Potash has the strategic goal of becoming the low cost producer in the solution mining arena. WPX is exploring their Milestone project in south east Saskatchewan. Currently a 32 million tonne indicated and 230 million tonne inferred resource exists on the property.
Concerns that grain surpluses are quickly being depleted have impacted regional markets in a variety of ways. These actions remain geographically diverse and attention must be paid to regional market trends in order to understand firm and potash market dynamics.
Grizzly Discoveries Inc. (CVE:GZD) reports drilling results for the Greenwood Project, including the discovery of widespread copper and low-grade gold associated with skarn-type alteration at Ket 28 and Copper Mountain.
Sherritt International Corporation (TSX:S) reported fourth-quarter 2009 results. The press release is quoted as saying: Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Click here to access the entire press release
By Leia Michele Toovey- Exclusive to Potash Investing News Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to [...]
Canpotex Ltd. reported that the company has agreed to sell US$222 million worth of potash to a consortium of buyers in India at a higher price than a separate deal made by one of its competitors last month. The press release is quoted as saying: Canpotex is the international marketing organization owned by Potash Corporation [...]
MagIndustries Corp. (TSX:MAA) reported that the company has received final approval of its Environmental and Social Impact Assessment study for the construction of its Mengo potash project from the Ministry of Sustainable Development, Forest Economy and Environment of the Republic of Congo. The press release is quoted as saying: On February 18, 2010, Minister Henri [...]
Agrium Inc. (TSX:AGU) (NYSE:AGU) reported that the company has extended the expiration date of its offer to acquire CF Industries Holdings, Inc. (NYSE: CF) for $45.00 in cash plus one Agrium share per CF share until 12:00 midnight, New York City time, on March 22, 2010. The press release is quoted as saying: Agrium Inc. [...]
In January, North American potash inventories at the manufacturer level fell sharply, as dealers restocked supplies of the crop nutrient ahead of the spring planting season and overseas sales gained momentum. The press release is quoted as saying: Potash inventories fell by over 550,000 tonnes to roughly 2.5 million tonnes, the lowest level since December [...]