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 [...]
Continue reading "Potash miners announce further cutbacks"
Wednesday, April 15, 2009
Overview Allana controls potash concessions covering 150 km2 in the Danakil Depression. The property has an Inferred Mineral Resource of 105,200,000 tonnes with a composite grade of 20.8 % KCl. The unique environment at Dallol suggests low CAPEX and OPEX may be achievable using solution mining, solar evaporation and geothermal energy. What we like about [...]
Continue reading "Allana Potash – Developing World-Class Potash Project in Ethiopia"
Friday, March 20, 2009
According to the latest data form the Fertilizer Institute, potash inventories at North American producers are 42 per cent higher than the previous five-year average. North American potash shipments in the month of February were down 80 per cent from the same month period a year earlier. This data has prompted Potash Corp of Saskatchewan (TSX: [...]
Continue reading "Steady potash stockpiles fuel production cuts"
Friday, September 12, 2008
Potash One Inc. reports confirmation of its drilling program at its Legacy Solution Mining Project, Saskatchewan. Based upon initial seismic surveys, Potash One has identified two promising solution mining development areas within the 97,240 acres of the Legacy Project. Both of the areas identified have the potential to support long term solution mining operations. Resource expansion drilling plus [...]
Continue reading "Potash One initiates two-phased drill program"
Tuesday, August 26, 2008
Potash North Resource Corporation reports its company update further to its press release dated August 22, 2008. announcing an agreement between the Company and its investment banking syndicate to reverse a previous issue of 800,000 units in the private placement that closed on July 9, 2008, the investment banking syndicate has now agreed to honour the commitment to [...]
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Monday, June 22, 2009