The Financial Post reported that CP is scrambling to contain an oil leak when one of their trains derailed in Saskatchewan, after a similar incident over the weekend. As quoted in the market report:
Articles Tagged "potash news"
Mining Weekly reported that Rum Jungle and Toro Energy have signed a deal regarding exploration licenses for Toro’s Lake Mackay project.
AG Professional reported that Russian fertilizer producer EuroChem is intending to ramp up production at two mines by 2017, despite reluctance from some others in the industry due to a fear of a future glut.
Mineweb reported that Potash Minerals announced that they have completed its first JORC compliant Mineral Resource estimate at its HatchPoint 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.
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.