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POTASH

Mosaic CEO strikes cautious note on outlook Restricted

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Fertiliser-maker Mosaic Company said on Wednesday second-quarter profit fell around 37% to $624-million, mainly because year-ago results benefitted from of the sale of its Fosfertil business. Stripping out that $570-million one-time gain, the...
5th January 2012
 
 
POTASH

Potash Corp shares dip on grain prices, brokerage rating Restricted

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Shares of Canadian fertilizer maker Potash Corp fell roughly 2.5 percent on Wednesday after a dip in grain prices and a bearish view from a brokerage firm. National Bank analyst Robert Winslow initiated coverage of Saskatoon, Saskatchewan-based...
4th January 2012
 
 
POTASH

PotashCorp, Mosaic reach settlement in Esterhazy dispute Restricted

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PotashCorp and Mosaic have reached an agreement in a dispute over supplies of the crop nutrient from the Esterhazy mine, near Manitoba’s border with Saskatchewan, the companies said on Thursday. Mosaic had in May said it would stop selling...
8th December 2011
 
 
POTASH

K + S OKs C$3.35bn Sask. potash mine Restricted

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German fertiliser-maker K + S Aktiengesellschaft on Tuesday hiked the capital costs of its Legacy potash project in Saskatchewan by 30% to C$3.25-billion, as it envisaged a bigger, 2.86-million t/y mine. K+S bought the Legacy project through its...
29th November 2011
 
 
POTASH

Allana outlines funding plans for Ethiopian potash project Restricted

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Allana Potash, which announced on Tuesday that its Danakhil project in Ethiopia would cost around $800-million to build, told investors it aimed to raise nearly $500-million of this from development agencies. CEO Farhad Abasov said the company...
23rd November 2011
 
 
POTASH

Allana unveils positive PEA for Ethiopian potash project Restricted

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Allana, the company that owns a potash project in Ethiopia, on Tuesday said an independent early assessment gave the asset an after-tax net present value of $1.85-billion, and a 36.8% internal rate of return. The preliminary economic assessment...
23rd November 2011
 
 
APPOINTMENTS

Vale's Murilo replaces CFO in major management reshuffle Restricted

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Six months after taking up the chief executive’s role at the world’s second-biggest mining company, Murilo Ferreira has embarked on a management shakeup that will see three executives replaced. The company said on Monday Humberto Freitas...
22nd November 2011
 
 
POTASH

IC Potash prefeas outlines low cost operation at Ochoa Restricted

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Toronto-based IC Potash on Tuesday announced the positive results of a prefeasibility study for its Ochoa project in New Mexico, which described an 843 000 t/y operation that will cost $706-million to build. The study gave Ochoa a $1.3-billion...
16th November 2011
 
 
 
 
 
 
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