Archive for September, 2010

BHP’s Courting Falls Short in Impressing Canadian Potash Stakeholders

BHP Billiton’s CEO Marius Kloppers came to Canada knowing that he would have to impress the local politicians in order to keep his bid for Potash Corp alive. On Monday, Saskatchewan premier Brad Wall left a meeting with Kloppers saying he didn’t see how the buyout would benefit his province or Canada, citing BHP’s reluctance to commit to Canpotex.

Allana Potash Appoints Former Senior VP of Potash Corp to Board

Allana Potash Corp. (CVE:AAA) reports that Mr. Richard J. Lacroix, P. Eng. has been appointed to the Company’s Board of Directors. In 1991, Mr. Lacroix became Executive Vice President of PCS Sales, responsible for Canadian Potash Sales, Industrial Sales, and Transportation & Distribution. Farhad Abasov, Allana’s President and CEO says: “We are very pleased to welcome [...]

Allana Potash Announces Discovery of Thick Potash Horizon

Allana Potash Corp. (CVE:AAA) reports discovery of thick potash horizon and potential to explore even more. Hole DK-10-04 returned 17.9 % KCl over 1.3 metres, and 10.4 metres of 10.5 % KCl, within an interval of 24.8 metres of 8 % KCl. Allana Potash’s President and CEO, Farhad Abasov says: “We are very pleased to have identified [...]

Western Potash Corp. Delivers Robust Preliminary Economic Assessment

Western Potash Corp.( TSE:WPX) reports receipt of a positive scoping study from AMEC Americas Limited on the Milestone property, Saskatchewan. The Milestone property hosts a potash resource which consists of 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource. For complete news release, click here. [...]

False Rumours Spread around Potash

The drama surrounding the who, what, where, when and how concerning a bid for Potash Corp of Saskatchewan is heating up. There has been a great deal of attention centered on companies in China potentially fending off a bid from BHP with the majority of this focus aimed towards Sinochem Group, China’s biggest fertilizer trader.