By Leia Michele Toovey- Exclusive to Potash Investing News After weathering a tumultuous 2009; potash producers are holding their breath in anticipation of a better 2010. Analysts are confident that producers will get what they desire; predicting demand for potash will bounce back this year as purchasers return to the market. The recent drawdown in [...]
Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of having sizable natural gas pools [...]
Americas Petrogas Inc. (TSX VENTURE:BOE) reported that its subsidiary, GrowMax Agri Corp. has completed an additional equity financing to bring its total to US$10 million. The press release is quoted as saying: GrowMax’s Bayovar potash brine project will utilize solar evaporation processing of mineral rich brines, given its unique location 6 degrees south of the [...]
Migao Corporation (TSX:MGO) announced its quarterly earnings of $0.18 per share from sales of $67.0 million for the three-month period ended December 31, 2009, compared to earnings of $0.27 per share from sales of $76.5 million for the same period last year. The press release is quoted as saying: Migao Corporation, through its wholly owned [...]
India’s IFFCO has acquired a stake in a Canadian potash explorer and plans to continue scouring the globe for other low-cost potash projects. The press release is quoted as saying: IFFCO, or the Indian Farmers Fertiliser Co-operative has acquired a 10 percent stake in Calgary, Alberta-based Americas Petrogas (BOE.V), along with a 20 percent stake [...]
Allana Potash Corp. Inc. (TSX VENTURE:AAA) proviced an update of exploration activities at its Danakhil Potash Project in Ethiopia. The press release is quoted as saying: The main activities include camp construction, road rehabilitation and mobilizing a diamond drill and support infrastructure for the planned 2,500 – 3,000 m drill program. The objective of the [...]
Agrium Inc. (TSX:AGU) (NYSE:AGU) reported the net earnings of $30-million ($0.19 diluted earnings per share) for the fourth quarter of 2009, compared with the net earnings of $124-million in the fourth quarter of 2008 ($0.79 diluted earnings per share). The press release is quoted as saying: Demand in the potash market showed significant signs of [...]
By Leia Michele Toovey- Exclusive to Potash Investing News For the past few weeks, I have finally been able to share good news about potash, and now, even more signs are pointing towards a revival in the market. The latest news, this Monday, Canpotex, the marketing arm for North American potash producers, finally inked a [...]
The Toby Shute reported Where is Potash Headed in 2010?: If an investor is looking to double their investment in less than six months, and is willing to lose there initial investment to achieve that goal; Physical gold may not be the investment for them. Gold like any other investment has a trend that it [...]
Brazil Potash Corp. announced that the second drill rig commenced drilling on February 2, 2010 with respect to the previously announced award of drilling contract on its extensive property in the State of Amazonas. The press release is quoted as saying: Brazil Potash Corp. is a private Brazilian potash exploration company with a base of [...]
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