K+S dipped 21 percent, the worst performance in the Stoxx 600, after Europe’s leading producer of potash used in fertilizers declared that it expects further significant reduction in revenue and earnings this year. For full story, click here
Joint exploration of the Garlyk potash deposit will be a genuine breakthrough in long-term cooperation between Belarus and Turkmenistan, declared that President of Belarus Alexander Lukashenko as a time capsule was put into the foundation of an ore mining and processing enterprise on June 19. For full story, click here
By Leia Michele Toovey-Exclusive to Potash Investing News Slow demand, and high inventories have prompted potash producers to issue further output cuts. Late Tuesday, Potash Corp of Saskatchewan ( NYSE: POT), the world’s largest potash producer, said that it will reduce its potash output because of low demand; the following day, producer K+S Ag announced [...]
Proposed declared that it plans to build a $2.5 billion potash mine near Otthon in the Rural Municipality of Cana has residents living in the Yorkton-Melville area excited. RM administrator Audrey Law stated: Economically it would be a great benefit to the area. Once it is constructed they are saying it would mean up to [...]
On the heels of news Potash Corporation of Saskatchewan Inc. declared that it will be cutting another 800,000 tonnes of output this year, the company’s general manager in New Brunswick said the Sussex mine will not reopen until Aug. 23. For full story, click here
Potash One Inc. declared that it is making plans to develop a new potash project southwest of Regina for an estimated $1.9-billion. For full story, click here
Trigon Uranium Corp. and Intercontinental Potash Corp. have entered into a non-binding letter of intent under which Trigon have intended to acquire privately owned International, a company in which it already holds a minority stake. For full story, click here
A sharp recovery in potash demand for delivery to fertilizer firms in the U.S. and Brazil in the second half already have boosted world quarterly average prices to $750/net ton. A year ago, potash cost $425/ton because of soft international demand. For full story, click here
Employees of Potash Corp. of Saskatchewan Inc. working at three company mine sites have received temporary layoff notices after PotashCorp declared this week it is slashing its 2009 output by an additional 800,000 tonnes. For full story, click here
Potash One Inc. declared that it has completed a pre-feasibility study at its proposed Legacy project in Saskatchewan and plans to move on to a feasibility study, based on the favorable results it has received. Chief Executive Paul Matysek stated: The study estimates confirm our view that the Legacy Project has the potential to become [...]
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