Sandwell Mining Ltd. (TSX VENTURE:SDM.H) provided an update regarding the acquisition of MBAC Opportunities and Financing Inc. The press release is quoted as saying: MBAC Opportunities and Financing Inc. is a Canadian private company that is focused on becoming a significant integrated producer of phosphate and potash fertilizer in the Brazilian market. Click here to [...]
MagIndustries Corp. (TSX:MAA)announced that Sinohydro Corporation Limited, the counterparty to the Memorandum of Understanding signed and disclosed on June 12, 2009, is continuing with its internal decision process with respect to the investment proposal under the Memorandum. The press release is quoted as saying: The Company will evaluate any resulting investment proposals with a view [...]
On Thursday, Israel Corp (ILCO.TA), one of Israel’s largest holding companies, makes a quarterly net loss, due to weak results from its fertiliser and shipping subsidiaries. The press release is quoted as saying: The company was hurt by a steep drop in profit at Israel Chemicals (ICL) (ICL.TA), the world’s sixth largest potash maker. ICL [...]
Americas Petrogas Inc. (TSX VENTURE:BOE) reported that the company has completed the first closing of its previously announced 11,111,112 common share private placement. The press release is quoted as saying: As previously announced, the proceeds from the Offering will be used to satisfy the costs of the installation and commissioning of the production facilities at [...]
Potash miner, Uralkali (URKA.MM) is reported to take an extra year to boost annual production capacity by more than 25 percent. The news release is quoted as saying: Uralkali said it plans to raise potash capacity to 7 million tonnes per year in 2012. The company, whose Belarus-based export agent accounts for over 30 percent [...]
Amazon Mining Holding Plc (TSX VENTURE:AMZ)today announced that it has entered into an agreement with Agrifirma Brazil to fund agronomic tests using Amazon Mining’s proposed ThermoPotash product, derived from the Cerrado Verde project. The press release is quoted as saying: Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The [...]
Agrium Inc. (TSX:AGU) (NYSE:AGU)announced today that the company has further expanded its Retail operations in Texas and New Mexico with the acquisition of 24 retail outlets (18 farm centers and 6 satellites) from Agriliance. The press release is quoted as saying: Agrium Inc. is a major retail supplier of agricultural products and services in both [...]
Agrium Inc. (TSX:AGU)(NYSE:AGU) today annouced the strong support that the company received from the stockholders of CF Industries Holdings, Inc. (NYSE: CF) for Agrium’s best and final offer to acquire CF. This is particularly in comparison to the much weaker results CF received in the proxy contest for Terra Holdings Inc. (NYSE: TRA). The press [...]
World’s largest producer of the crop nutrient, Potash Corp, reported that North American producer inventories rose 165,000 tonnes in October, reversing a three-month long downward trend in inventory levels. The news release is quoted as saying: Potash inventories had risen steadily through the first-half of 2009, despite major production cuts, as farmers concerned about exorbitant [...]
Potash sales in the Western Canadian province of Saskatchewan has dropped to their lowest level in 37 years. This caused a C$1.8 billion hole in its budget. Saskatchewan is one of the world’s richest sources of the crop nutrient. The news release is quoted as saying: Saskatchewan was expecting C$1.9 billion ($1.8 billion) in potash [...]
Monday, November 30, 2009