China’s leading potash producer Qinghai Salt Lake Co., Ltd. announced that it will cut its ex-factory price of potash fertilizer by about 10 percent from its average sales price of 3,670 yuan/ton in 2008. For full story, click here
Salt Lake Potash Co. Ltd, a resource company in northwest Qinghai province, declared that the most generous company in both markets with a dividend of 1.283 billion yuan or 1.672 yuan per share before tax. The payout accounts for 94.06 percent of its 2008 profit. Huang Junjie, an analyst from China Jianyin Investment Securities, stated: [...]
Great Salt Lake Mineral has got the approval of $153,638 to increase employment at its facility west of Ogden. The company spokesman Dave Hyams, said: Right now, they’re investing about $40 million in upgrades and new equipment, and that is creating new jobs. For full story, click here
There are three major salt suppliers: Salt Union, which sells about a million tonnes a year, and Cleveland Potash and the Irish Salt Mining and Exploration Company of County Antrim, who each handle about 500,000 tonnes a year. For full story, click here
Cleveland Potash said it had arranged to import 40,000 tonnes of salt from a sister mine in Spain. For full story, click here
Councils are running out of salt with major suppliers rationing supplies as the gritting crisis intensifies in the freezing weather following the heavy snowfall. For full story, click here
As councils across the UK run short of gritting material to use on snow-hit roads, Cleveland Potash in Saltburn, is spending more time producing salt. For full story, click here
Corridor’s analysis, based on core samples taken during potash exploration in the 1980s, indicates salt in the area is 95 to 98 per cent pure, with a few beds of potash between salt layers. The salt is about 2,200 feet thick at its thickest point. For full story, click here
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