Uralkali declared that 2008 profit surged 172 percent year on year to $653 million, despite waning demand for its potash fertilizer in the fourth quarter. For full story, click here
In the global marketplace for potash, one of the vital nutrients for plant growth, food production and fertilizer fortunes, no one is sharper at spotting a bargain than China, whose farmers and state fertilizer distributors comprise the world’s largest consumers and importers of potash. For full story, click here
Potash Corp. of Saskatchewan was targeted by a wave of put purchasing on Monday. During the course of the session, option traders on the International Securities Exchange bought to open 1,382 puts, compared to 132 calls. For full story, click here
Russian potash miner Uralkali’s outlook for a recovery in the industry has remained clouded as farmers, eyeing weak prices on other fertilisers, talked tough on prices. For full story, click here
Potash Corp of Saskatchewan, the world’s leading fertilizer company, on Tuesday launched a $1 billion two-part debt sale. For full story, click here
Intrepid Potash Inc. declared that NYSE says contacted Intrepid Potash Inc on unusual market activity in company’s stock. For full story, click here
Potash Corporation of Saskatchewan Inc. declared first-quarter earnings of $1.02 per share, or $308.3 million, our second-highest first quarter ever. For full story, click here
Western Potash Corp. declared that it has signed a drill contract agreement to commence its 2009 potash exploration drilling program within the Milestone Property, in Saskatchewan, and the Russell South Property in Manitoba. For full story, click here
Canadian Pacific Railway Ltd. declared a 31 per cent dip in first-quarter profit Thursday to $62.5 million because of a sharp decline in the movement of potash products. CEO Fred Green stated: As we experienced rapidly declining volumes in the quarter, we successfully reduced variable expenses while delivering consistent service to our customers. For full [...]
According to PotashCorp CEO Bill Doyle, potash production in Canada has been reduced to match eroding world demand and could be further reduced if markets don’t improve. For full story, click here
Wednesday, April 29, 2009