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Rio Tinto sells part of Alcan Packaging for $1,95bn

By: Esmarie Swanepoel Diversified mining giant Rio Tinto on Tuesday reported that it had completed the sale of part of its Alcan Packaging business to Australia’s Amcor for $1,95-billion. The company sold the pharmaceuticals, global tobacco, food Europe and food Asia divisions. 

MagIndustries inks accord with China National for Congo potash project

By: Liezel Hill TSX-listed MagIndustries has signed a project development framework with China National Complete Plant Import & Export Company (Complant), for the financing and development of its Mengo potash project, in the Republic of Congo. If all goes to plan, construction could begin on the 1,2-million ton... 

BPC-China potash settlement too low – Potash Corp's Doyle

By: Liezel Hill The $350/t price settlement for potash reached between Russia's Belorussian Potash Company (BPC) and Chinese buyers is too low, and it would be “a mistake” for North American producers to agree to the same price, Potash Corporation of Saskatchewan CEO Bill Doyle said on Thursday. BPC will likely... 

Potash Corp earnings down 69%

By: Liezel Hill Fertiliser product producer Potash Corporation of Saskatchewan earned $243,6-million in the fourth quarter of 2009, 69% lower than net profit of $788-million reported a year earlier, as the global economic downturn continued to weigh on sales volumes and prices. For the full year, the company... 

BHP Billiton to buy Canadian potash junior

By: Liezel Hill BHP Billiton, the world's biggest mining company, has agreed to pay C$341-million in cash for Canadian potash hopeful Athabasca Potash, the companies announced on Thursday. Athabasca's flagship Burr project is located next to BHP Billiton's own Jansen project, in the province of Saskatchewan,... 

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