With Belarusian potash miner Belaruskali up for sale, rumours are running wild over who could be a potential suitor for one of the world’s biggest potash producers.
Articles Tagged "potash merger"
The merger between Russian potash miners Uralkali (LON:URKA) and Silvinit has been put on hold after an arbitration court in Russia agreed to hear minority shareholder Acron’s complaints.
Historically, the potash industry has been dominated by a small group of companies. Now, potash miners are facing heightened competition as the potential for profits is attracting mining companies to find and develop potash reserves.
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.
The drama surrounding the who, what, where, when and how concerning a bid for Potash Corp of Saskatchewan is heating up. There has been a great deal of attention centered on companies in China potentially fending off a bid from BHP with the majority of this focus aimed towards Sinochem Group, China’s biggest fertilizer trader.
China, a country keen on ensuring it has the raw materials necessary to sustain its voracious appetite for growth, has cried foul play over BHP Billiton’s bid for Potash Corporation of Saskatchewan.