Mining Africa’s Potash Riches

Friday, February 26, 2010

Seekingalpha.com reported on Mining Africa’s Potash Riches

Sherritt Reports 2009 Fourth-Quarter Results

Thursday, February 25, 2010

Sherritt International Corporation (TSX:S) reported fourth-quarter 2009 results. The press release is quoted as saying: Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Click here to access the entire press release

For Potash, India goes Bargain Hunting

Thursday, February 25, 2010

By Leia Michele Toovey- Exclusive to Potash Investing News Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne.  That potash will last roughly through June, and for future contracts India will seek to lower prices due to [...]

Canpotex’s corporate update

Monday, February 22, 2010

Canpotex Ltd. reported that the company has agreed to sell US$222 million worth of potash to a consortium of buyers in India at a higher price than a separate deal made by one of its competitors last month. The press release is quoted as saying: Canpotex is the international marketing organization owned by Potash Corporation [...]

MagIndustries:Approval for Mengo Potash Plant Construction

Monday, February 22, 2010

MagIndustries Corp. (TSX:MAA) reported that the company has received final approval of its Environmental and Social Impact Assessment study for the construction of its Mengo potash project from the Ministry of Sustainable Development, Forest Economy and Environment of the Republic of Congo. The press release is quoted as saying: On February 18, 2010, Minister Henri [...]

Agrium Extends Exchange Offer for CF Industries

Friday, February 19, 2010

Agrium Inc. (TSX:AGU) (NYSE:AGU) reported that the company has extended the expiration date of its offer to acquire CF Industries Holdings, Inc. (NYSE: CF) for $45.00 in cash plus one Agrium share per CF share until 12:00 midnight, New York City time, on March 22, 2010. The press release is quoted as saying: Agrium Inc. [...]

Potash inventories sag as dealers start restocking

Friday, February 19, 2010

In January, North American potash inventories at the manufacturer level fell sharply, as dealers restocked supplies of the crop nutrient ahead of the spring planting season and overseas sales gained momentum. The press release is quoted as saying: Potash inventories fell by over 550,000 tonnes to roughly 2.5 million tonnes, the lowest level since December [...]

Potash’s Rough Tow to Hoe

Thursday, February 18, 2010

Seekingalpha.com reported on Potash’s Rough Tow to Hoe: In 2007 and 2008, the world’s biggest miners saw how lucrative the potash market can get, and it seems they are prepared to spend the big bucks to get in on the action. It will take time for them to alter the current landscape, but the barriers [...]

Canasia: Geophysical Survey Commences at Reed Lake

Wednesday, February 17, 2010

Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that the grid work is now finished at Reed Lake and that the geophysical survey has commenced. The press release is quoted as saying: Canasia Industries has a well diversified portfolio of prospects. Canasia’s current prospects include the following: (a) The Clone Gold prospect in Stewart, BC, that has [...]

MagIndustries update on Definitive Underwriting Agreement

Wednesday, February 17, 2010

MagIndustries Corp. (TSX:MAA) reported that the company has agreed, subject to the execution of a definitive underwriting agreement, expected later today, to sell 50,000,000 common shares of the Company at a price of Cdn$0.40 per Share to raise gross proceeds of Cdn$20,000,000 through a syndicate of underwriters led by Cormark Securities Inc. and BMO Nesbitt [...]

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