Potash Corp. cuts outlook as profit dipped 46 percent
Potash Corp. of Saskatchewan’s first-quarter profits dipped 46 per cent to $308.3 million US, or $1.02 a share, as the company dropped its full-year profit outlook. For full story, click here
Archive for April, 2009
Another shutdown on horizon for Sussex potash mine
A second shutdown is hovering over the potash mine near Sussex, but general manager Mark Fracchia says it will not impact the construction boom for the new mine taking place across the highway. For full story, click here
Government urged to support production of potash salt
Government has been urged to support individuals and organizations in the country to use cocoa husks to produce potash salt in commercial quantities. For full story, click here
Shares of Intrepid Potash dipped after downgrade
Shares of Intrepid Potash Inc. dipped in Wednesday trading after Goldman Sachs downgraded the fertilizer maker, citing customer resistance to inflated potash prices. For full story, click here
Potash declared cut in forecast after sales touch Virtual Halt
Potash Corp. of Saskatchewan Inc., the world’s leading fertilizer producer by market value, declared that 2009 profit will be less than it previously expected after North American sales of the crop nutrient reached a virtual halt. For full story, click here
Potash stockpiles at record high
By Leia Michele Toovey- Exclusive to Potash Investing News Sluggish demand world-wide due to the global financial squeeze has left potash stockpiles at all-time highs as potash miners fail to adequately adjust prices. Farmers, especially those finding it hard to get bank financing, may not be buying as much costly fertilizer as they face lower [...]
MagIndustries is nearing finish line for potash project debt finance
Toronto-based MagIndustries is in the late stages of arranging the debt finance portion for its Kouilou potash project, in the Republic of Congo, and hopes to finalise terms with its lenders in the next couple of months, CFO. For full story, click here
ECC will consider subsidy of Rs 1.5 bn for SOP-MOP fertilizers
The Economic Coordination Committee of the Cabinet will consider a proposal seeking provision of over Rs 1.5 billion as subsidy for the import of potash fertilisers. For full story, click here
Haifa Chemicals has shut down over potash spat with ICL
Haifa Chemicals declared that it’s shutting down its plants in Haifa and Mishor Rotem, and sending 800 workers home, because its raw materials that is Potash which forms a central cost have become unaffordable and its price has risen by more than 600% in the last five years, to more than $600 per ton. For [...]
Potash One reported complete business combination
Potash One Inc. announced completes business combination with Potash North Resource Corp. For full story, click here
