Ethiopian potash prospects buoyed by acquisition, says junior

The decision by Norwegian fertilizer group Yara International last week to up its stake in Ethiopian potash company Ethiopotash BV to 51% from 16.67%, is being perceived by companies such as exploration group Allana Potash as a positive indicator...

Ups and downs for potash juniors

Two Canadian potash juniors had differing fortunes on the Toronto bourse Wednesday morning, with Allana Potash plunging 15% after announcing a $20-million private placement the previous day, while Verde Potash gained 5% after more than doubling...

Allana adopts poison pill, shares rise

Shares in Allana Potash charged 12% higher on the TSX after the company, which has a project in Ethiopia, said it adopted a shareholders rights plan and was talking to “various strategic parties”. Allana added it was not responding to any...

Huge potential for Ethiopian potash, says Allana CEO

Ethiopia has “huge potential” to become a significant potash producer, TSX V-listed Allana Potash CEO Farhad Abasov said on Thursday. “It’s not going to be as big as Saskatchewan, but it’s going to be a substantial potash producer,”...