Potash
PHOSPHATE
Montero says SA phosphate mine to cost C$129m
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Toronto-based Montero Mining, which owns a rare earths project in Tanzania, on Tuesday said a scoping study gave its Duyker Eiland phosphate asset in South Africa’s Western Cape a C$150-million net asset value at a 10% discount rate, forecasting...
By: Matthew Hill
29th February 2012
COMMODITY PRICES
'Terrific' potash sales soon - Coxe
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Almost exactly ten years ago, BMO Financial Group strategy advisor Don Coxe correctly forecast commodities were moving into the biggest bull market yet. On Friday, he said investors in commodity markets can still expect at least another two...
By: Matthew Hill
25th February 2012
POTASH
Can former UraMin team pull it off again with Congo potash?
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While Elemental Minerals is sitting on what Northern Securities analyst Fadi Benjamin calls “the best potash project in Africa...hands down”, the biggest challenge facing the company is raising the $1.7-billion required to bring its Sintoukola...
By: Matthew Hill
23rd February 2012
POTASH
Curiouser and curiouser at Ethiopian Potash
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In a strange twist of events, Ethiopian Potash exploration VP Bruce Cumming announced his own resignation this week, through what the TSX-V-listed junior called an “unauthorised press release”.
While Ethiopian Potash acknowledged Cumming’s...
By: Matthew Hill
15th February 2012
POTASH
Mosaic joins potash-production cutting party on soft demand
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Potash dealers are holding back from buying the crop nutrient even more than North America’s second-biggest producer, Mosaic Corp, anticipated they would a month ago, prompting the company to idle up to 20% of its capacity up to May.
However,...
By: Matthew Hill
4th February 2012
POTASH
Doyle undaunted as potash demand dips
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Markets for potash might have seized up at the end of last year and into 2012, but demand will likely bounce back equally quickly, Potash Corp CEO Bill Doyle said on Thursday.
“This business turns on a dime,” the head of the world’s biggest...
By: Matthew Hill
27th January 2012
POTASH
Potash Corp Dec quarter profit misses estimates
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A surprisingly swift fourth-quarter slowdown in fertiliser markets ate into Potash Corp earnings for the period which, at $683-million, was 34% higher than for the same period in 2010, but well below analyst expectations.
Potash demand in North...
By: Matthew Hill
26th January 2012
POTASH
Potash Corp hikes dividend
0 COMMENTS
Potash Corp, the biggest fertiliser-maker, on Wednesday said it is increasing its quarterly dividend by 100% to $0.14 a share, having also doubled the payout a year ago.
CEO Bill Doyle said the increase “reflects the confidence we have in the...
By: Matthew Hill
26th January 2012
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