Potash Corp’s Monopoly Threatened?
For years, Potash Corp. of Saskatchewan (NYSE:POT) has held the lion share of the potash market. However, change is on the horizon.
For years, Potash Corp. of Saskatchewan (NYSE:POT) has held the lion share of the potash market. However, change is on the horizon.
Migao Corporation (TSE:MGO), a China-based leading specialty potash fertilizer producer, reported financial results for the first quarter ended June 30, 2010.
The second-half results of the major potash producers have been streaming in over the past few weeks. An important signpost to the health of the sector, all companies reported that sales volumes increased rapidly in this half, especially when compared to the second half of 2009.
Agrium Inc. (TSE:AGU) (NYSE:AGU) announced its second highest quarterly net earnings of $506-million ($3.20 diluted earnings per share) for the second quarter of 2010.
Allana Potash Corp.(CVE:AAA) reports that it has engaged Tesla-IMC International Ltd to complete Danakhil seismic survey. The seismic 2D survey covers approximately 45 km over four lines focused on the centre part of the basin. In addition, Vertical Seismic Profiling (VSP) will be completed on selected drill holes to identify the seismic signature of the potash horizons. [...]
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