Allana Resources (CVE:AAA) annouced that they have signed an MOU with a government owned company in China to jointly develop Allana’s potash project in Ethiopia. While not naming the Chinese company, the release says that the terms include a $4.5m investment to purchase just under 20% of Allana. Farhad Abasov, Allana’s president and CEO is [...]
German salt miner K+S became the latest potash supplier to sign a $460-per-tonne supply deal with India, cementing a slump in prices that has weighed on global potash companies’ shares. For full story, click here
North American fertilizer makers a year ago posted enormous profits on the back of soaring prices, but investors are braced for a sharp setback this quarter and hope to see the first signs of improvement later this year. For full story, click here
India has managed to clinch almost three million of its annual average of five million tonne potash imports at a record low price of $ 460 per tonne after busting a global potash cartel’s stranglehold on pricing. For full story, click here
Potash is trading 2.4% lower today on volume of 1,646,813 shares. The stock has traded within a 52-week range of $47.54 and $215.94. For full story, click here
TD Newcrest has lowered its price target on shares of Potash Corp. from $100 to $95. The firm maintains a Neutral rating. For full story, click here
Mr. Sidney Himmel, President and CEO of Trigon Uranium Corp. and of Intercontinental Potash Corp. declared plans for completion of a National Instrument 43-101 compliant Preliminary Economic Assessment of its Ochoa Polyhalite Project, which is located in New Mexico. For full story, click here
Israel Chemicals, the world’s sixth-largest potash maker, declared that it signed a deal to supply 750,000 tonnes of potash to an unnamed Indian customer at $460 a tonne. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices are poised to drop about 25 per cent, after Russia’s Silvinit set a precedent by undercutting fellow potash producers by setting a long term contract with India at a record low of $460 per metric tonne. International Potash Co, the marketing arm of Russia’s [...]
Canada’s Athabasca Potash Inc, which is looking for strategic partners to develop its Burr project in Saskatchewan, declared that many parties have shown interest in the project and it has formed a special committee to evaluate the proposals. For full story, click here
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