Chinese Potash Contracts Give Market Hope
Despite recent concerns around the health of the Chinese economy, recent potash contracts from China have given hope for investors banking on rising food and crop prices.
Despite recent concerns around the health of the Chinese economy, recent potash contracts from China have given hope for investors banking on rising food and crop prices.
Reuters reported that Allana Potash (TSX:AAA) has had positive talks with potential investors in their Ethiopia potash project.
As junior potash producers prepare to bring production online, a new report suggests they face volatility as supply floods the market.
Allana Potash Corp. (TSX:AAA) intersected two prominent zones of potash mineralization in hole 30. As quoted in the press release:
Mining Weekly reported that a preliminary economic assessment indicated Allana Potash's (TSXV:AAA) Ethiopian potash project would be a low-cost development.
FP reported on Mackie Research analyst, Jaret Anderson on Allana Potash (CVE:AAA), a junior potash firm, on its cash position in this recent market turmoil.
Allana Potash Corp. (CVE:AAA,OTC:ALLRF) announced it has intersected potash mineralization at the eastern side of its potash property.
Allana Potash Corp. (CVE:AAA) announced it has intersected new potash mineralization in the southwest portion of its property.
Despite weeks of negotiations, India has yet to reach a potash supply agreement with major potash suppliers, including Canpotex, and is holding out for a lower price in order to bridge the gap between the international price of potash and the benchmark import parity price fixed by the government.
Allana Potash (CVE:AAA) announced drill holes DK-10-07, located in the northner section of Allana's property, intersected two significant zones of potash mineralization including the highest grade intersection to date.
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