Reuters reported that the recently merged Russian companies Urakali (PINK:URALL) and Silvinit (PINK:SLVNF) are expected to combine for over 10 million tons of potash production.
Reuters reports that Russian potash miner Uralkali has appointed former CEO Vladislav Baumgertner to head the newly merged Uralkali-Silvinit, which will be the world's second largest producer of the fertilizer ingredient.
Shareholders of Russian fertilizer producers OAO Uralkali and Silvinit have approved the companies' $1.4 billion merger, to create the world's second largest potash producer after Potash Corp. of Saskatchewan.
Reuters reports that Russia's Phosagro announced it does not expect to buy a stake in Potash Corp (TSE:POT) within the next 12 months.
Reuters reports that Russia's Phosagro is betting its stated desire to bid for Canada's Potash Corp. (NYSE:POT)
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 [...]
China, the world’s leading consumer of potash, may seek lower prices for the fertilizer than India secured from suppliers in Russia, the Middle East and Canada, because of slack domestic demand and high stockpiles. For full story, click here
Last week’s potash contract in India by Russian producer OAO Silvinit is bad news for Israel Chemical Ltd. and its peers. For full story, click here
Belarussian Potash Co, a major supplier of potash to world markets, may revise its price offers after reports that rival supplier Silvinit agreed a deal with India at levels far below market expectations. Oleg Petrov, head of sales at BPC, stated: We did not expect such a significant reduction in price. For full story, click [...]
Russian potash miner Uralkali declared the industry will be among the first to recover after the financial crisis ends, though it declared the market instability will persist in the near-term. For full story, click here
Friday, March 18, 2011