MINING.COM Staff Writer

Large miners, such as Rio Tinto and BHP, are looking to enter the potash business, or expand existing operations, as they look for increased demand from developing nations such China, India and Brazil.

Bloomberg reports that Goldman Sachs Group Inc. (GS) has released its 2012 forecast on commodities. The document predicts commodities may rally 15 percent in the next 12 months, foresees an “overweight” recommendation on raw materials and expects Brent crude to surge to highest level since 2008. In contrast, JPMorgan Chase & Co cut commodities to “underweight” last week, quoting policy failures in the U.S. and crisis-hit Europe.