Archive for August, 2008

Potash Corp. Strike Impacts Industrial Potash Output

Potash Corp. reported that strikes at two Canadian mines have affected output of industrial potash, which accounts for 5 percent of the company’s sales. Company spokesperson Bill Johnson was quoted as saying: All of the company’s industrial, or white, potash is produced at the Cory and Allan mines, two of three operations affected by strikes. For [...]

Shares of Potash corp. advances

Shares of Potash Corp. of Saskatchewan Inc. jumped higher on Monday after buy rating from Citi Investment Research analyst. The analyst said: Data released Friday shows that North American potash inventories fell 10 percent last month from June to a level that is 35 percent below its five-year average. A tighter supply of fertilizer helps [...]

Potash One Appoints Vice President of Solution Mining

Potash One Inc. reported that it has appointed Max Ramey as Vice President, Solution Mining, for its Legacy Potash project in southern Saskatchewan. Paul F. Matysek, President and Chief Executive Officer of Potash One Inc., said: I am very pleased to welcome Max Ramey to our team. His broad and extensive experience in the solution mining field [...]

Intrepid Potash reported strong Q2 revenue

Intrepid Potash Inc. reported significant increases in Q2 revenue and profits due to booming agriculture market that is pushing up demand for its fertilizer products. For more information, click here For company’s website, click here

Labour seeks its pie of the potash boom

The workers who mine and produce Potash want a pie of the windfall profits made by owners of Potadh Corp. due to rising prices of the commodity. Last Thursday, On Aug. 7, five hundred workers went on strike for a “commodity-based bonus.” For more information, click here

Potash stocks set for a rebound

Shares of potash producers have declined in recent weeks due to falling prices, but the sell-off in these shares appears overdone and look poised for a rebound. Canaccord Adams agriculture analyst Keith Carpenter was quoted as saying: On a long-term view and on a fundamentals view, (I am) very comfortable with the outlook a year from now [...]

K+S sees no end to potash price rise

Potash maker K+S said on Wednesday that the fertiliser boom is set to continue due to demand from farmers. Chief Executive Norbert Steiner said in a statement: It is also becoming ever clearer that the capacity growth in the potash industry … will at best only be able to keep up with this demand growth, [...]

Marifil Spins Out Potash Project

Marifil Mines Ltd. reported that it has signed a Letter of Intent (“LOI”) to spin out the Company’s K-2 potash property to Oxbow Holdings Corp. For more information, click here For more information on Oxbow, click here

The strike continues as share prices fall

By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp of Saskatchewan (TSX: POT) has stopped production at its Cory mine because of a strike that started last week.  The strike began after the company’s mediated talks with the United Steelworkers union broke off August 7.  No further talks have been scheduled with the [...]