Potash One (TSX:KCL) announced today that it has started a feasibility study on the Legacy potash project in Saskatchewan. The study will be completed by SNC-Lavalin Inc. and expected to be completed by mid 2010. Paul F. Matysek, President and CEO of Potash One is quoted as saying: The initiation of our Feasibility Study is a continuation [...]
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Monday, July 20, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices are poised to drop about 25 per cent, after Russia’s Silvinit set a precedent by undercutting fellow potash producers by setting a long term contract with India at a record low of $460 per metric tonne. International Potash Co, the marketing arm of Russia’s biggest [...]
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Monday, June 22, 2009
By Leia Michele Toovey-Exclusive to Potash Investing News Slow demand, and high inventories have prompted potash producers to issue further output cuts. Late Tuesday, Potash Corp of Saskatchewan ( NYSE: POT), the world’s largest potash producer, said that it will reduce its potash output because of low demand; the following day, producer K+S Ag announced that [...]
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Thursday, April 23, 2009
A second shutdown is hovering over the potash mine near Sussex, but general manager Mark Fracchia says it will not impact the construction boom for the new mine taking place across the highway. For full story, click here
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Thursday, April 2, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Rumours of BHP Billiton’s interest in acquiring a major potash company just won’t go away, as JP Morgan picked up on the theme on Tuesday. Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion through [...]
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Sunday, March 8, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Potash miners have been accused of collusion; due to the fact that the big market players have formed a “silent agreement” in which they swiftly and jointly cut output to stabilize prices. This strategy has been met with mixed opinions. The companies say they are simply trying [...]
Continue reading "Robust potash sector leaves cash on hand for acquisitions"
Friday, November 14, 2008
By Leia Michele Toovey- Exclusive to Potash Investing News Potash Corp shares rose 3 per cent to $85.99 on the Toronto Stock Exchange on Thursday after the company said it earned more in the third quarter than it did in all of 2007, its record year. Profits climbed five-fold to $1.24 billion, or $3.93 per share, up [...]
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Friday, October 10, 2008
By Daniella D’Alimonte – Exclusive to Potash Investing News Brokerages UBS and Scotia Capital have both recently cut their price targets on fertilizer giants Potash Corp. of Saskatchewan (TSX: POT) and Agrium Inc. (TSX: AGU). These cuts are based on the reduced price tags on potash, diammonium phosphate, and urea fertilizers. USB cut its price on Potash [...]
Continue reading "Mining and the current economy"
Wednesday, September 10, 2008
By Daniella D’Alimonte – Exclusive to Potash Investing News The S&P/TSX experienced its fourth day of bad trading September 5 after the benchmark index lost 957 points since the previous week. “This isn’t just a resource story any more,” said Anthony Demarin, president of BCV Asset Management in Winnipeg in an interview with Globe and Mail. “It [...]
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Thursday, August 28, 2008
By Daniella D’Alimonte With continued high prices, inventory drops and ongoing demand from emerging global markets, despite the speculations of a slowdown in that sense, potash remains a market contender. For the last few days as Europe’s stocks have been on a downward slide, companies involved in fertilizer and potash haven’t seemed to noticed. K+S AG, the largest [...]
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Monday, October 5, 2009