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, [...]
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), [...]
By Kishori Krishnan Exclusive To Potash Investing News When it comes to resource revenues, forget ‘black gold.’ That’s so 2008. This fiscal year, the hot new colour is pink – as in potash. And who better to don it than several North American suppliers. The stock price in major potash groups have risen in recent [...]
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 [...]
BHP Billiton Ltd, the world’s leading mining company, may need to spend $10 billion to develop a potash project in Canada. For full story, click here
Allana Resources (CVE:AAA) annouced today that Stephen Halabura has joined AAA’s Advisory Board. Halabura’s North Rim Exploration is a geosciences and mining engineering consulting company that has provided consulting to BHP Billiton (NYSE:BHP), Potash One (TSE:KCL), Athabasca Potash (TSE:API) and others. Allana’s President and CEO, Farhad Abasov is quoted as saying: Mr. Halabura is one of [...]
Potash Corp. of Saskatchewan Inc. surged in Toronto trading after RBC Capital Markets announced that the company would be a good strategic fit for BHP Billiton Ltd. For full story, click here
The cost of protecting debt sold by BHP Billiton increased as much as 15 percent this week on concern the world’s leading mining company may be planning an acquisition after selling $6.3 billion of bonds. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Rumours of BHP Billiton’s interest in acquiring a major potash company just won’t go away, as JP Morgan picked up on the theme on Tuesday. Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion [...]
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. [...]
Thursday, January 21, 2010