By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp. of Saskatchewan (TSX: POT), which has been bouncing up and down over the past two weeks, is around $73 going into the weekend. The Washington, D.C.-based Fertilizer Institute reported Thursday that Potash Corp. and other producers within Canada have had a 31 per cent [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Brokerages UBS and Scotia Capital have both recently cut their price targets on fertilizer giants Potash Corp. of Saskatchewan (TSX: POT) and Agrium Inc. (TSX: AGU). These cuts are based on the reduced price tags on potash, diammonium phosphate, and urea fertilizers. USB cut its price [...]
By Daniella D’Alimonte - Exclusive to Potash Investing News Migao Corporation (TSX: MGO), a China-based company that processes potash into specialty potash-based fertilizers for the Chinese market, recently announced large purchase orders. The company will supply 50,000 tonnes of potassium sulphate to its wholly-owned subsidiary Guangdong Migao. By January 30, 2009, the product will be transported by [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News The TSX main index made a turn-around from its bearish outlook on September 10. Commodities played a part in this bounce-back after a string of bad sessions. Potash Corp. of Saskatchewan (POT: TSX) made a 2.2 per cent gain to nearly US$153 per share and is [...]
Potash One Inc. reports that it is adopting a shareholder rights plan agreement. The Rights Plan has been adopted to ensure the fair treatment of all Potash One shareholders in the eventuality of a possible take-over bid for the outstanding common shares of Potash One. In the event that a takeover bid should occur the Rights Plan [...]
By Daniella D’Alimonte – Exclusive to Potash Investing News Potash Corp of Saskatchewan (TSX: POT) has stopped production at its Cory mine because of a strike that started last week. The strike began after the company’s mediated talks with the United Steelworkers union broke off August 7. No further talks have been scheduled with the [...]
Potash Corporation of Saskatchewan (TSX: POT) dropped 12.8 per cent or $26.49 to $180.50 per share. This is the most in almost eight years. However, Potash Corp., the largest producer of potash, the second largest producer of nitrogen and the third largest phosphate producer in the world, provides these much needed plant nutrients to farmers [...]
Potash exploration rights are selling like hot cakes in Canadian province of Saskatchewan. George Patterson, the executive director of exploration and geological services for Saskatchewan Energy and Resources, said: Saskatchewan Energy and Resources said exploration permits on about 5.5 million hectares of land have been taken out provincewide by exploration companies in recent months. For [...]
POTASH CORP-UNION AGREE ON MEDIATOR, SHARE PRICE ON THE UP AGAIN By Daniella D’Alimonte – Exclusive to Potash Investing News The cost of oil is bringing about an increased demand for alternate forms of energy, namely bio-fuels. This, in turn, creates an increased demand for agricultural plantings and the use of potassium-based fertilizers. Thus, potash’s status [...]
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