Allana Resources (CVE:AAA) announced today that a joint venture agreement with a Chinese partner for Allana’s potash project in Ethiopia is progressing. Also, the companies are entering into discussions to agree “enhanced” terms of the agreement. The press release states: [The Chinese partner] has also informed Allana’s management that it has received approval from the [...]
Continue reading "Allana Heats Up in Ethiopia"
Thursday, June 4, 2009
Allana Resources (CVE:AAA) annouced today that Stephen Halabura has joined AAA’s Advisory Board. Halabura’s North Rim Exploration is a geosciences and mining engineering consulting company that has provided consulting to BHP Billiton (NYSE:BHP), Potash One (TSE:KCL), Athabasca Potash (TSE:API) and others. Allana’s President and CEO, Farhad Abasov is quoted as saying: Mr. Halabura is one of [...]
Continue reading "Allana Appoints Potash Veteran"
Monday, May 4, 2009
Allana Resources Inc. declared that Mr. Richard J. Lacroix, P. Eng. has been appointed to the Company’s Advisory Board. Mr. Lacroix, now retired, is the former Sr. Vice-President, Technical Services for Potash Corporation of Saskatchewan and spent almost 30 years with Potash Corp. Farhad Abasov, Allana’s President and CEO, stated: We are very pleased to [...]
Continue reading "Allana Resources declared appointment of Vice President"
Wednesday, April 22, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Sluggish demand world-wide due to the global financial squeeze has left potash stockpiles at all-time highs as potash miners fail to adequately adjust prices. Farmers, especially those finding it hard to get bank financing, may not be buying as much costly fertilizer as they face lower [...]
Continue reading "Potash stockpiles at record high"
Tuesday, March 10, 2009
Allana Resources Inc. has announced the appointment of Mr. Nejib Abba Biya as Senior Vice President, Business Development. Farhad Abasov, Allana’s President and CEO, stated: We are very pleased that Mr. Abba Biya has joined Allana to assist our potash exploration program in the Danakil Depression in Ethiopia and to facilitate continuing government support. Mr. [...]
Continue reading "Allana appoints Nejib Abba as Senior Vice President"
Monday, February 9, 2009
Allana Resources Inc. is pleased to announce the initiation of Field Reconnaissance Surveys on the Ethiopia Potash Project. For full story, click here
Continue reading "Allana announces the initiation of Field Reconnaissance"
Thursday, February 5, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices have soared in recent years. What was once a commodity worth about $200 a tonne is now expected to fetch $1,500 by 2020. According to Scotiabank economist Patricia Mohr potash purchasers are currently paying US$872.50 per tonne at the port of Vancouver. “It is at a [...]
Continue reading "Potash prices at record high"
Friday, January 30, 2009
Allana Resources Inc. is pleased to announce that it has engaged Downshire Capital to provide business advisory, shareholder information and public relations services effective January 23, 2009. For full story, click here
Continue reading "Allana Resources Inc. Engages Investor Relations Group"
Thursday, January 29, 2009
Allana Resources Inc. is pleased to announce that it has engaged Downshire Capital to provide business advisory, shareholder information and public relations services effective January 23, 2009. For full stry, click here
Thursday, January 22, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News In 2007 and 2008, a perfect storm of events led to record high fertilizer prices. The rapidly expanding world economy in these two years led to an increase in worldwide grain production. Expanding grain production increased demand for fertilizer. Record natural gas prices ushered in record high [...]
Continue reading "Potash’s perfect storm tempered by recession"
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Thursday, September 17, 2009