German salt miner K+S became the latest potash supplier to sign a $460-per-tonne supply deal with India, cementing a slump in prices that has weighed on global potash companies’ shares. For full story, click here
Belarussian Potash Co, a major supplier of potash to world markets, may revise its price offers after reports that rival supplier Silvinit agreed a deal with India at levels far below market expectations. Oleg Petrov, head of sales at BPC, stated: We did not expect such a significant reduction in price. For full story, click [...]
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 [...]
MagIndustries Corp. announced that its Republic of Congo subsidiary, MagMinerals Potasses Congo S.A., has signed a gas supply agreement with Eni Congo S.A., a subsidiary of global oil major Eni S.p.A. of Italy, for the supply of gas to MagPotasses’ Kouilou potash project. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News. If there was a bright spot in the commodities market in 2008, it would have to be Potash. Potash prices are up significantly compared to last year, and despite an expected short-term credit crunch, the long-term outlook is for growing demand. Potash companies have been under [...]
Around 500 workers at the Cory, Allan, and Patience Lake mines have been off the job since August. They will decide today whether to accept the latest deal from Potash Corp. For full story, click here For company’s website, click here
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