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POTASH

Drama continues at Ethiopian Potash Restricted

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There have been some strange goings on at Ethiopian Potash in the past month, which on Wednesday culminated in CEO David Wahl’s abrupt exit, after just 18 months on the job. The TSX-V-quoted company in the same announcement said it was in talks...
8th March 2012
 
 
POTASH

Verde to raise up to C$28m for Brazilian potash project Restricted

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Toronto-based Verde Potash said on Thursday it hired financial institutions to raise up to C$28.7-million to develop its Cerrado Verde project in Brazil. A preliminary economic assessment announced in January foresaw a staged project at Cerrado...
2nd March 2012
 
 
POTASH

'We love price', says Potash Corp COO Restricted

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Demand for potash will likely grow by more than 36%, or 15-million tons yearly, over the next decade, Potash Corp COO David Delaney said on Wednesday. And while cautious buying since November last year caused producers including the world’s...
1st March 2012
 
 
PHOSPHATE

Montero says SA phosphate mine to cost C$129m Restricted

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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...
29th February 2012
 
 
COMMODITY PRICES

'Terrific' potash sales soon - Coxe Restricted

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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...
25th February 2012
 
 
POTASH

Can former UraMin team pull it off again with Congo potash? Restricted

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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...
23rd February 2012
 
 
POTASH

Curiouser and curiouser at Ethiopian Potash Restricted

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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 exit,...
15th February 2012
 
 
POTASH

Mosaic joins potash-production cutting party on soft demand Restricted

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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,...
4th February 2012
 
 
 
 
 
 
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