Articles Tagged "BHP"

Potash Risk Rises on Bond Sale to Fund Buyback

Bloomberg reports that Potash Corp. of Saskatchewan Inc.’s (TSE:POT) borrowing costs may rise after the company sold $1 billion in bonds.

BHP’s bid for Potash Faces Stiff Opposition from Canada

The province of Saskatchewan had decided that it opposes BHP’s bid for Potash Corp., creating a hurdle that the mining giant will have difficulty clearing, if it hopes to be successful in acquiring the company.

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.

When will BHP up its bid for Potash Corp?

On Tuesday, Canada's Potash Corporation received an unsolicited $38.6 billion takeover offer by BHP Billiton. The offer, the biggest of the year in any industry, was dismissed by Potash Corp as "grossly inadequate” with at least one major shareholder immediately rejecting the offer.

Bargain Hunting will pave the way for Potash’s Rebound

By Leia Michele Toovey- Exclusive to Potash Investing News Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash.  During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to US$ 1,000 per tonne, from $150.  Currently, [...]

China In Race To Corner Canada’s Potash?

By Kishori Krishnan Exclusive To Potash Investing News The global fertilizer industry looks to the world’s biggest potash producer for guidance, but with Potash Corp of Saskatchewan Inc turning up disappointing figures on Thursday, attention has turned to the continuing caution among buyers around the world. The world’s largest mining company, BHP Billiton Ltd (BHP:AX), [...]

Potash Prices Skid

By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices are poised to drop about 25 per cent, after Russia’s Silvinit set a precedent by undercutting fellow potash producers by setting a long term contract with India at a record low of $460 per metric tonne. International Potash Co, the marketing arm of Russia’s [...]