Belarussian Potash Co denied it had agreed to supply the soil nutrient to India at a below-market price of $460 per tonne and said the two sides were still in negotiations over price. For full story, click here
China, the world’s leading consumer of potash, may seek lower prices for the fertilizer than India secured from suppliers in Russia, the Middle East and Canada, because of slack domestic demand and high stockpiles. For full story, click here
Potash Corp. of Saskatchewan, Inc. POT, dipped but not for the count. Fertilizer giant Potash has put forth weaker earnings than analyst’s forecast. For the year Potash cut their full year profits to $4 and $5 a share, compared to initial estimates of over $7 a share. For full story, click here
This week, fertilizer giant Potash delivered weaker than expected earnings for the second quarter of 2009. For full story, click here
Allana Resources declared the signing of a memorandum of understanding setting out the principle terms and conditions of a joint venture between Allana and one of the largest government-owned exploration and development organizations in China with respect to the financing of exploration works, feasibility study, construction of a solution mine and processing plant and production [...]
Belarussian Potash Co has denied it had agreed to supply the soil nutrient to India at a below-market price of $460 per tonne and said the two sides were still in negotiations over price. For full story, click here
Clevand Potash at Boulby is to carry out a 3D survey to help it discover new reserves which could secure the future of the mine for at least another generation. For full story, click here
Potash was downgraded today by analysts at JP Morgan and the stock is now at $95.11, dip $0.67 on volume of 6,149,173 shares traded. For full story, click here
Fertilizer giant Potash Corporation of Saskatchewan declared second-quarter net earnings of $187.1 million, or 62 cents a share, dip from $905.1 million, or $2.82 a share, in the same period last year. For full story, click here
Western Potash (CVE:WPX) reported today that their fourth well has intersected 25 meters of potash, indicating continued mineralization from previous results. In addition, temperature readings in the wells also continue to indicate solution mining would be economic for the project. The release states: The Company re-iterates that it considers formation temperature a key parameter in [...]
Friday, July 31, 2009