K+S AG, the region’s leading producer of potash used in fertilizers, slipped 2.2 percent after Russia’s OAO Uralkali reported quarterly output tumbled on a sharp drop in demand. For full story, click here
The Arab Potash Company Disclosures Financials Chart Data, Jordan’s second-largest firm by market capitalisation has forecasted that the company has incurred lower production levels due to dwindling demand but maintains that higher profits can nevertheless be achieved as companies renegotiate annual distribution contracts. For full story, click here
Potash Corp. reported that strikes at two Canadian mines have affected output of industrial potash, which accounts for 5 percent of the company’s sales. Company spokesperson Bill Johnson was quoted as saying: All of the company’s industrial, or white, potash is produced at the Cory and Allan mines, two of three operations affected by strikes. For [...]
Wednesday, April 1, 2009