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
Russian fertiliser maker EuroChem announced to have reinfored its position as K+S’s leading shareholder and may buy more shares in the German potash and salt supplier. For full story, click here
K+S AG, the region’s leading producer of potash used in fertilizers, slipped 2.2 percent after Russia’s OAO Uralkali reported quarterly output tumbled on a sharp drop in demand. For full story, click here
Potash producers in Canada, Russia and Germany are cutting back production to try to shore up market conditions. For full story, click here
Mr Vladimir Putin PM of Russian says that Russian metals companies should only merge with rivals to enhance competitiveness and not simply to consolidate debt. Mr Putin said: They proposed the government swap debt for 25% of the new company. The state hasn’t decided whether to support the plan. We will take a very balanced [...]
A six-company Russian mining merger proposed by Norilsk Nickel’s top shareholders is unlikely to succeed due to the huge debts involved, metals tycoon Alisher Usmanov said in interviews published recently. Usmanov said: Our concept implies a merger of two companies with an absolutely reasonable debt volume which could be converted into a state stake (in [...]
Russian potash miner Uralkali, whose investors fear it faces a state asset grab in a probe of a mine accident, has approached the government to discuss a resolution, putting the ball in the state`s court. For full story, click here
Potash miner Uralkali extended losses by another 20 percent as investors feared the company, facing a renewed government probe of a 2006 mine flood, was the subject of an asset grab. For full story, click here
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