Channel Resources Ltd.(TSX VENTURE:CHU) reported a private placement of up to 4,000,000 units at a price of CDN$0.08 per Unit. The press release is quoted as saying: This financing is being conducted in addition to the private placement that closed on January 18, 2010 due to increasing investor interest, primarily in the assessment and development [...]
Read the full article: "Channel Resources: private placement"
Friday, January 29, 2010
Agrium Incorporated (NYSE:AGU) reported that the company will move forward with an expansion plan. The press release is quoted as saying: The third-largest potash producer in North America, will move forward with a planned $500 million brownfield expansion at its potash mine in Vanscoy, Saskatchewan, and a planned $2.5 billion greenfield Triton potash mine addition [...]
Read the full article: "Agrium Potash plans to Expand Projects"
Thursday, January 28, 2010
By Leia Michele Toovey- Exclusive to Potash Investing News With potash poised for a rebound, major players in the mining world are positioning themselves to benefit for the next bull-run. Analysts predict the global potash market will probably see the beginning of a “large” recovery starting in April, when major planting seasons get under way. [...]
Read the full article: "BHP and Vale Acquire Potash Interests"
Thursday, January 28, 2010
On Thursday, BHP Billiton (BHP.AX) (BLT.L) has acquired Canadian potash explorer Athabasca Potash (API.TO) for C$341 million ($323 million) in cash, expanding its asset base in the potash-rich Canadian province of Saskatchewan. The press release is quoted as saying: BHP said it agreed to pay C$8.35 per share in cash for Athabasca, a 25 percent [...]
Read the full article: "BHP to acquire Athabasca Potash"
Thursday, January 28, 2010
On Thursday, Potash Corp of Saskatchewan (POT.TO) announced a 70 percent drop in quarterly earnings and issued a profit outlook well below expectation , sending the fertilizer maker’s shares down more than 6 percent. The press release is quoted as saying: Potash Corp’s cautious forecast also hurt shares of its North American peers Agrium Inc [...]
Read the full article: "Potash Corp:70 percent drop in quarterly..."
Tuesday, January 26, 2010
Channel Resources Ltd. (TSX VENTURE:CHU) reported that the company has applied for new mineral permits in five separate blocks in central Alberta. The press release is quoted as saying: The new permits encompass 435 square kilometers in aggregate, located approximately 300 kilometers southeast of the Company’s Fox Creek lithium/potash brine project. Click here to access [...]
Read the full article: "Channel Resources applies for new mineral..."
Monday, January 25, 2010
Canasia Industries Corporation (TSX VENTURE:CAJ) (OTCBB:CANSF) (FRANKFURT:45C) reported that the company has made application for land in the direct vicinity of the new discovery announced today by First Gold Exploration Inc. (EFG—TSX Venture) The press release is quoted as saying: Canasia has a well diversified portfolio of prospects. Canasia’s current prospects include the following: (a) [...]
Read the full article: "Canasia updates on acquiring new land"
Friday, January 22, 2010
Allana Resources Inc. (TSX VENTURE:AAA) today announced that the Company’s shareholders approved the Company’s change of name to Allana Potash Corp. at its Annual Meeting of Shareholders held on January 13, 2010. The press release is quoted as saying: Allana is a publicly traded corporation with a focus on the acquisition and development of potash [...]
Read the full article: "Allana Resources begins Trading as Allana..."
Thursday, January 21, 2010
By Leia Michele Toovey- Exclusive to Potash Investing News Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to US$ 1,000 per tonne, from $150. Currently, [...]
Read the full article: "Bargain Hunting will pave the way for..."
Thursday, January 21, 2010
Amazon Mining Holding Plc (TSX VENTURE:AMZ) announced the completion of resource confirmation drill holes in the Funchal Norte target at 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 company is focused on the development of Cerrado Verde [...]
Read the full article: "Amazon Mining updates on Cerrado Verde..."
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Friday, January 29, 2010