The potash market has been making a definite rebound over the past few months; but stalling grain prices have analysts concerned that the rally will flat line.
MagIndustries Corp. (TSX:MAA) reported that it intends to release its 2009 year-end results by end of business day, Tuesday, March 30, 2010.
Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that drilling has commenced to test the highest priority targets on the Reed Lake Prospect.
Allana Potash Corp. (TSX VENTURE:AAA) reported that the company has completed its previously announced private placement of 14,442,500 units of the Company at a price of C$0.40 per Unit for gross proceeds of approximately $5.8 million.
On Thursday, Israel Corp (ILCO.TA), one of Israel’s largest holding companies, reported that the company swung to a fourth-quarter profit thanks to improved results from its chemicals, refining and shipping businesses as the global economy starts to recover.
Seekingalpha.com reported on Why I’m Pulling Out of Potash:
Potash’s value was hard hit by the economic downturn as investors abandoned agricultural commodities. The recovery for the crop nutrient has recently been underway; and with spring planting in the northern hemisphere just around the corner- things are bound to heat up.
Western Potash Corp. (TSX VENTURE:WPX)(FRANKFURT:AHE) reported that the company has received results from two wells completed as part of the expanded 5 well, $8.5 million CAD resource definition drill program on the Milestone property in southern Saskatchewan.
Athabasca Potash Inc. (”API”) reported that BHP Billiton Canada Inc. (”BHP Billiton”) has completed its acquisition of all of the issued and outstanding common shares of API by way of a statutory plan of arrangement pursuant to section 186.1 of The Business Corporations Act (Saskatchewan).
Amazon Mining Holding Plc (TSX VENTURE:AMZ) reported that the Company has entered into an agreement with Sekita Agronegocios, a leading Brazilian based agribusiness company, to fund agronomic tests using Amazon Mining’s proposed ThermoPotash product derived from the Cerrado Verde project.
Wednesday, March 31, 2010