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Karnalyte Resources ‘one step closer to dream’, secures $300m debt

By: Henry Lazenby Potash project developer Karnalyte Resources on Friday said it had engaged financial services providers BNP Paribas and Natixis (New York) as lead arrangers to underwrite project financing to the value of $300-million to be used to fund the construction and commissioning of the Wynyard carnallite... 

Western Potash gets positive prefeas study

By: Matthew Hill Toronto-listed Western Potash Corp on Monday unveiled the results of a prefeasibility study at its Milestone project in Saskatchewan, outlining 2.8-million t/y operation that would cost $2.7-billion to build, including port facilities. The news sent the Vancouver-based firm’s shares 4.6% higher... 

Western Potash leaps 17%, sparking acquisition rumours 

By: Matthew Hill Shares in Western Potash Corp, hoping to mine the fertiliser ingredient in Saskatchewan, bounded 17% higher in Toronto on Tuesday, prompting speculation a takeover may be on the cards following the imminent release of its Milestone project's prefeasibility study. Vancouver-based Fundamental... 

Canadian potash still making headlines

By: Matthew Hill BHP Billiton abandoning its $40-billion bid for Potash Corp has by no means kept the sector out of the news, with Europe’s biggest producer of the fertiliser, K + S, this week agreeing to buy another Canadian company. Potash One was far more receptive of the $434-million approach, recommending... 

Western Potash hires advisers, in talks to fund project

By: Liezel Hill Canadian junior Western Potash Corp is reviewing a number of options to finance the development of its flagship Milestone project, in Saskatchewan, and is in discussions with groups that have expressed interest in the asset, the company said on Thursday. Western Potash said it has formally... 

Western Potash marketing Sask project, scoping study out soon

By: Liezel Hill Canada's Western Potash Corp (WPC) is looking for a buyer for its potash project in Saskatchewan, and has identified 22 parties that could be interested, corporate development VP John Costigan said in Toronto this week. Building a new potash mine is a costly and time-consuming business, which is... 

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