India is pushing potash and phosphate suppliers to lower fertilizer prices, citing that a weakening currency and climbing potash and phosphate prices are pushing Indian farmers out of the market.
Financial Post reported that fertilizer companies may face challenges in falling potash and phosphate prices.
Bloomberg reported that increases to potash mining capacity will slow the recent uptake in potash prices.
Agrimoney reported that Uralkali's (LSE:URKA) goal of increasing potash capacity shouldn't affect the price of potash.
Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) provided the following updates on continuing exploration activities at its Greenwood gold project, its Alberta potash project, and its 50%-owned Provost property.
Mesa Exploration Corp. (TSXV:MSA) announced that it has acquired 23 line-miles (37 line-km) of historic 2-D seismic data covering the Green Energy and White Cloud projects in southeast Utah.
Passport Potash, Inc. (TSXV:PPI,OTCQX:PPRTF) reported that it has signed a letter of intent to acquire 50% Ownership interest in HNZ Potash, LLC.
Bloomberg reported that price complaints have led to an inquiry of Uralkali (LSE:URKA).
Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF) reported that it has intersected three zones of strong potash mineralization in Hole DK-11-28.
Dajin Resources Corp. (TSXV:DJI) reported that it has completed a program of Quaternary mapping and sampling at its Addie 1 gold property located adjacent to and south east of the Spanish Mountain gold discovery.
Thursday, December 1, 2011