Near-term Potash Producers Ramping Up
Renewed Chinese and Indian potash contracts are building confidence in the potash market. Which projects will help supply future demand is still an open question as companies rush to bring supply online.
Renewed Chinese and Indian potash contracts are building confidence in the potash market. Which projects will help supply future demand is still an open question as companies rush to bring supply online.
Western Potash (TSX:WPX) announced that they have received an Environmental Assessment Approval for the Milestone Solution Potash Mine project from the Government of Saskatchewan.
Western Potash Corp. (TSX:WPX, FSE:AHE) announced that they have enlisted UBS Securities Canada Inc. to assist them in the evaluation of financing alternatives for its Milestone property in southern Saskatchewan.
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
The Financial Post reported that Western Potash hopes to begin building a $3 billion potash mine near Regina this year.
Reuters reported that shares in Canadian junior potash miners were down as investors doubted their ability to develop mines.
Pacific Potash Corporation (TSXV:PP,OTCQX:PPOTF,FWB:P9P) announced the signing of an LOI regarding Western Potash's (TSX:WPX) potash assets in Brazil.
Reuters reported that Western Potash (TSX:WPX) is negotiating a possible partnership deal with another company.
Stockhouse reported an interview with Western Potash (TSX:WPX) CEO Patricio Varas.
Mining Weekly reported that shares of Western Potash Corp (TSX:WPX) rose on the company's announcement of pre-feasibility study results.
Get our independent commentary on potash trends and companies delivered to your inbox.