Red Moon Potash Receives Permission to Start Bay St. George Drilling
Red Moon Potash Inc. (TSXV:RMK) announced that it has received approval to start drilling at its Bay St. George potash project.
Red Moon Potash Inc. (TSXV:RMK) announced that it has received approval to start drilling at its Bay St. George potash project.
Reuters reported that PotashCorp plans to increase its dividend by 25 percent as a 10-year mine expansion wraps up.
Mining Weekly reported that Canadian Competition Bureau's review of Agrium's proposed purchase of Viterra assets has shown that it is within the necessary time frame, but they cannot assume at this point what the ruling will be.
Organic Potash Corporation (CNSX:OPC) announced that they have achieved commercial production.
Reuters reported that PotashCorp has said that they expect a rebound in spot market prices.
Mining Weekly reported that last month's shareholder meeting in which Jana Partners expected to be voted to the board of Agrium, but instead got swept out of the vote altogether bring to light the emergence of likely proxy battles for mining companies in the current environment.
The Globe and Mail reported that Mosaic is deferring its plans for Canadian expansion, instead opting to buy back shares with an accumulated $2 billion cash pile.
Agrimoney reported that both K+S and PotashCorp have reported a marked increase in global demand.
Elemental Minerals Ltd. (ASX:ELM, TSX:ELM) reported that Dingyi Group Investment Limited has completed their due diligence and that they are proceeding with negotiations.
CNBC reported that although ICL announced first quarter profits that beat analyst estimates, the weakness in potash prices is creating a new level of concern.
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