Increasing overseas demand for resources such as potash have brought the price of commodities up by 4 per cent in July – to record high levels for the seventh month in a row. For full story, click here
Workers striking at Potash Corp. have found other jobs. A union spokesman said: About two-thirds of the 500 workers on strike at three mines owned by Potash Corp of Saskatchewan have found other jobs in Western Canada’s booming labor market. For full story, click here
By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp. of Saskatchewan (TSX: POT) closed at US$187.71 on August 26, up US$1.61 or 0.9 per cent from the previous day’s close. There was other good news from this company. It’s management has decided to re-open the Allan mine. The latter is the largest of the three company’s mines that [...]
By Daniella D’Alimonte With continued high prices, inventory drops and ongoing demand from emerging global markets, despite the speculations of a slowdown in that sense, potash remains a market contender. For the last few days as Europe’s stocks have been on a downward slide, companies involved in fertilizer and potash haven’t seemed to noticed. K+S [...]
Potash One Inc. reports that it is adopting a shareholder rights plan agreement. The Rights Plan has been adopted to ensure the fair treatment of all Potash One shareholders in the eventuality of a possible take-over bid for the outstanding common shares of Potash One. In the event that a takeover bid should occur the Rights Plan [...]
Bill Clarke, Director of Falcon Metais, is using all of his diplomatic contacts to try and get Brazil to reconsider and get the potash deal back on track, which was cancelled by the seller due to outrage from farmers and government orders. Mr. Clarke briefed Canada’s current ambassador to Brazil about the situation and is [...]
Potash Corp. resumed production and milling at the Allan mine that was shut down due to strike. Bill Johnson, company spokesman, said: We’re in the business of producing potash, and we intend to do that to the best of our abilities. For full story, click here
Potash North Resource Corporation reports its company update further to its press release dated August 22, 2008. announcing an agreement between the Company and its investment banking syndicate to reverse a previous issue of 800,000 units in the private placement that closed on July 9, 2008, the investment banking syndicate has now agreed to honour the commitment [...]
Unionized workers at numerous Canada’s potash mines have offered their support to miners who are strikong at the three Potash Corp mines. United Steelworkers official Roger Falconer said: Unionized miners in the western province, home to the world’s largest reserves of potash, have agreed to share information as other labor contracts come up for bargaining next [...]
Potash North Resource Corporation reported that the Company has signed an agreement with its investment banking syndicate to reverse a previous issue of 800,000 units in the private placement that closed on July 9, 2008 to correct an order error. For full story, click here For company’s website, click here
Friday, August 29, 2008