Potash Producers Holding Anticipation a better 2010
The recent drawdown in potash inventories supports the suspected rebound. North American potash inventories fell sharply in January, falling by over 550,000 tonnes to roughly 2.5 million tonnes, the lowest level since December 2008. North American inventories have now fallen substantially for a third straight month and inventories are now only 6 per cent [...]
February 22nd, 2010 | Posted by sony in Mining News, Potash Mining | No CommentsPotash Producers Market Prices Growth Up
Canpotex, the marketing arm for North American potash producers, finally inked a deal with Sinofert, China’s largest fertilizer enterprise. The deal is for 350,000 tonnes of potash, to be shipped before the end of March. Canpotex claims that the potash is being sold at “competitive prices” but failed to mention the exact dollar figure. [...]
February 22nd, 2010 | Posted by sony in Potash Mining | No CommentsBHP Billiton and Vale Acquire Potash Bunge LTD
BHP Billiton agreed to pay C$8.35 per share in cash for Athabasca, a 25 per cent premium to Athabasca’s closing price of C$6.70. Athabasca owns a property next two BHP”s Jansen project. On January 19, BHP approved US$240 million of capital expenditure to be used for the first stage of development on the Jansen potash [...]
February 22nd, 2010 | Posted by sony in Mining News, Potash Mining | No Comments« Previous Entries Next Entries »
