By Leia Michele Toovey-Exclusive to Potash Investing News North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010. Last month, Belarusian Potash Company reached a deal to sell about one million tonnes of potash to [...]
Raytec Metals Corp. declared that it has entered into a letter of intent to sell a 100 per cent interest in its potash assets, including the Spar Property and KP452, to Angus Ventures Corp. and Encanto Potash Corp., two companies that are merging. For full story, click here
BHP Billiton Ltd, the world’s leading mining company has shown its interest in buying potash or petroleum assets after selling $6.3 billion in bonds this month. Merrill Lynch analyst Olivia Ker stated: BHP has made no secret of the fact it intends to use its best-in-class balance sheet to its advantage through this cycle trough. [...]
UK mining bellwether Rio Tinto built on Australian gains in London deals as investors warmed their hands on news it is in talks with Chinlco over a possible asset sale and investment combination. For full story, click here
Vale may have paid too much in its purchase of Brazilian iron-ore and potash assets from Rio tinto Group, according to JPMorgan Chase & Co. and Banco Santander SA. For full story, click here
Vale announces that it entered into a purchase and sale agreement with Rio Tinto Plc (Rio Tinto) to acquire iron ore and potash assets through an all-cash transaction. For full story, click here
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