Potash

Grizzly finds potash in Alberta, investors find somewhere else to put their money

On much heavier volumes than usual Grizzly Discoveries shed 3c or 6.52% by midday Tuesday. Before the market open the Edmonton-based company announced a potash discovery near Medicine Hat in Alberta Canada that wasn’t as exciting as investors had clearly hoped – drilling yielded potash grades up to 31.1% K2O, but only over 0.3 metres.

Elemental to Raise $1.7 Billion Next Year to Mine Potash

Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.

Ethiopian Potash Corp.: More positive drill results on Danakil Project, Ethiopia

Ethiopian Potash Corp. reported a compilation of positive drilling results on its Danakil Project, Ethiopia.

Pacific Potash Discovers Potash in Alberta, Drills 10.01 Feet of 18.79% KCL at Provost

Pacific Potash Corporation (the “Company) (TSX VENTURE:PP)(OTCQX:PPOTF)(FRANKFURT:P9P) is pleased to provide results for the first wells drilled and cored within the company’s 100 per cent owned Provost Potash Property, located near Provost, Alberta.

Brazil’s Vale to lease Petrobras potash mine

Brazilian mining giant Vale SA (VALE, VALE5.BR) on Thursday said its board of directors has approved a deal to lease for another 30 years a potash mine in northeastern Brazil, from Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR).

Allana Potash Drilling intersects robust potash and provides feasibility and infrastructure update

Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) (“Allana” or the “Company”) is pleased to announce that it has intersected two zones of strong potash mineralization in both Hole DK-11-29 (“Hole 29″) and Hole DK-11-31 (“Hole 31). Hole 29 is located in the western portion of the concession block and was targeted to test potash mineralization west of Hole 9.

Mosaic announces potash production curtailment

The Mosaic Company (NYSE: MOS) has announced a reduction of up to 20 percent in planned potash production from February through May 2012.

Glenstrata: Not just mining’s biggest ever deal, a new kind of resource giant

Glencore International is in talks with Xstrata to merge in a deal that would create a $80 billion rival to BHP Billiton, Vale, Rio Tinto and China’s Shenhua. Here’s a wrap-up of what people are saying about the birth of the globe’s first vertically integrated resource giant.

Allana Potash announces closing of $20 million bought deal financing

llana Potash Corp (TSX:AAA) is pleased to announce that it has closed its previously announced public offering of common shares of the Company. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.

Potash mining debate heats up in Saskatchewan town

There is rising tension within a small Saskatchewan town over plans by mining giant Vale to build a potash mine in the area, with some anticipating an economic boom and others worrying about the mine’s environmental and social impacts.

Black day for Verde as investors see red over Brazil potash project preliminary economic assessment

Verde Potash shares fell $1.66 or 19.4% to $6.90 on Tuesday, recovering from even steeper losses earlier in the day, after the company released a preliminary economic assessment report for its Brazil project that disappointed investors.

Q4 sales volumes at PotashCorp drop by one-third

PotashCorp (NYSE:POT), the world’s largest producer of potash, announced higher Q4 earnings on Wednesday but also a sharp decline in demand.

Dr Caterpillar’s (excellent) prognosis for mining

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar.

But what is it saying about the outlook for 2012?

PotashCorp Announces Doubling of Dividend

Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its Board of Directors has approved an increase of the company’s quarterly cash dividend (from $0.07 per share to$0.14 per share), and declared a quarterly cash dividend of US $0.14 per common share payable May 3, 2012 to shareholders of record on April 12, 2012.

Uralkali Ready to Cut Potash Output to Protect 45% Price Gain: Commodities

OAO Uralkali (URKA), Russia’s biggest fertilizer maker, is ready to cut production to prevent potash prices from falling after Potash Corp. of Saskatchewan Inc. announced reductions this year.