Financial Post reported that a court case against potash companies for alleged price fixing will move forward.
As quoted in the market news:
The class action suit alleges that seven Canadian, Russian and Belarusian companies have colluded to keep U.S. prices elevated, effectively acting as a “global cartel”. The defendants, including Potash Corp. of Saskatchewan Inc. and Agrium Inc., dominate world supply.
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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