By Leia Michele Toovey- Exclusive to Potash Investing News China, the world’s largest consumer of potash, will reportedly seek lower prices for the fertilizer component just weeks after the ink dried on the contract between India and International Potash Company (IPC), the marketing arm of Russia’s biggest potash producer, for $460 per tonne. As reported [...]
Amazon Mining Holding Plc. declared that verdete slate, a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product, has been endorsed by Brazilian lawmakers, as Minas Gerais State looks to establish prospective local innovative sources of potash and fertilizer products. For full story, click here
Canadian Pacific Railway Ltd. declared a 31 per cent dip in first-quarter profit Thursday to $62.5 million because of a sharp decline in the movement of potash products. CEO Fred Green stated: As we experienced rapidly declining volumes in the quarter, we successfully reduced variable expenses while delivering consistent service to our customers. For full [...]
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