Project costs, labor disputes and concerns regarding "national interest" are front and center in the potash market as companies reassess opportunities.
Articles Tagged "NYSE:POT"
Potash Corporation of Saskatchewan's bid for Israel Chemicals could have big implications for the potash markets even beyond the borders of Canada and Israel.
Canpotex Limited, owned by Agrium Inc. (TSX:AGU,NYSE: AGU), Mosaic Canada Crop Nutrition, LP and Potash Corporation of Saskatchewan Inc. (TSX:POT, NYSE:POT), announced that it has signed an agreement with that Sinochem Fertilizer Macao Commercial Offshore Limited to supply 1,000,000 tonnes of potash in the first half (January - June) 2013 at price levels which include a US$70.00 per tonne reduction from the last contract price established in March, 2012.
PotashCorp's (TSX:POT, NYSE:POT) announced that their earnings for Q3 fell by 21 percent per share, year-over-year, due to falling sales to China and India.
Canadian Business reported that Potash Corp (TSX:POT, NYSE:POT) says that delayed sales from India and China will result in earnings below the low end of their previous target, and in some temporary mine shutdowns
Reuters reported that Potash Corp (TSX:POT, NYSE:POT) reduced its full-year earning forecast again, blaming delays with Chinese and Indian buyer contracts.
The Globe and Mail reports that CIBC has slashed its price targets for Potash Corp (TSX:POT, NYSE:POT) and Mosaic Co. (NYSE:MOS) attributing the shift to a likelihood that supply will outpace demand.
Weak monsoon rains are wreaking havoc on India’s agricultural markets, and the prospect of drought is unsettling assumptions about upcoming potash demand.
Mining Weekly reported that Potash Corp. (NYSE:POT) said it expects 2012 to be a banner year for potash fertilizer consumption.
Reuters reported that Potash Corp. (NYSE:POT) says the time it takes to build a potash mine means no new mines will start for five years.