Potash production remains stagnant as Potash Corp and Uralkali cull output in response to low farmer purchasing. However, short-term prospects look slightly positive as producers are certain global demand will pick up.
Benzinga.com reports that Goldman Sachs has published a research report on Potash Corporation (NYSE:POT) and Agrium Inc. (NYSE:AGU) and reinstate the two companies with a Neutral rating.
Universal Potash Corporation (PINK:UPCO) announces its short term Growth Plans.
The province of Saskatchewan had decided that it opposes BHP’s bid for Potash Corp., creating a hurdle that the mining giant will have difficulty clearing, if it hopes to be successful in acquiring the company.
On Tuesday, Potash Corp of Saskatchewan (POT.TO) has entered into a $2.5 billion revolving term credit facility, which replaces its credit agreement dated Jan. 21, 2009. The press release is quoted as saying: The Canadian fertilizer company, the world’s biggest potash producer, said the terms and conditions of the new facility are largely similar to [...]
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