Western Potash announces private placement
The private placement entails up to 8,514,850 flow-through shares , subject to the approval of the TSX Venture Exchange. For full story, click here
Archive for December, 2008
Mosaic Announces New Executive for Mining and Chemical Processing Operations
The Mosaic Company said that Joc O’Rourke will join Mosaic as a senior executive responsible for its global mining and chemical processing operations. Joc will join the company in early January 2009 and will serve on its Senior Leadership Team. For full story, click here
Intrepid Potash believes it has the right solution
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Profitability of fertilizer companies in MENA grew by 149%
Global Investment House -Kuwait- MENA Fertilizer Sector- The MENA region is home to many fertilizer companies and majority of them are state owned or are private companies. For full story, click here
More funds manure to clear fertiliser dues
The fertiliser ministry has tagged a key note to the committee of secretaries (CoS) on massive dues to the sector, insisting that after October the government needs to put cash where its mouth is. For full story, click here
Potash supplies remain tight
Potash supplies remain tight and concentrated in a handful of producers, Scotiabank’s Patricia Mohr said. For full story, click here
Decline in potash prices has been less notable
The decline in potash prices has been less notable, dropping from a little over $900 per ton to slightly over $800. For full story, click here
Wholesale U.S. Fertilizer Prices Beginning to Fall
After increasing for six consecutive years, U.S. fertilizer prices are finally beginning to fall at the wholesale level, according to a report by the American Farm Bureau Federation. For full story, click here
Potash shaves $1.25 from earnings estimate
Potash Corporation of Saskatchewan Inc. cut its earnings forecast for 2008 Friday as sagging fertilizer demand conspired to chop the company’s financial fortunes. Saskatoon-based Potash now says it will make about $10.75 US a share for 2008. For full story, click here
Potash only fertilizer whose price is rising
World fertilizer prices drop dramatically after soaring to all-time highs. Potash is the only fertilizer whose price is still rising. Standard grade muriate of potash, the most common source of potassium, sold for $172 per ton in January 2007 and $875 per ton in mid-December. For full story, click here
