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Tag: canpotex

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China Expands Stake in Uralkali reports that the Industrial Commercial Bank of China (ICBC) and China Construction Bank have acted as lenders of a $530 million loan deal between China and potash miner Uralkali (LSE:URALL), the world’s biggest producer of the commodity.

Canpotex Looks to Raise Price of Potash in China Deal

Reuters reported that Canpotex Ltd., a North American company owned by The Mosaic Company (NYSE:MOS), Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) and Agrium Inc. (TSX:AGU,NYSE:AGU), is requesting an 8 percent increase in its 2015 potash supply contract with China’s Sinofert Holdings.

Canpotex Enters Agreement with Sinofert

Canpotex Ltd. announced that it has signed a memorandum of understanding (MOU) with Sinochem Fertilizer Macao Commercial Offshore Ltd. (Sinofert) under which it will supply a minimum of 1.9 million metric tons of red standard-grade potash over the course of three years.

Highbank Resources Ready for Production This Quarter

Highbank Resources’ Swamp Point North project will be ready for production during the first quarter of 2015. The company has already generated quite a bit of interest from contractors for construction projects in Northern BC and has given out a number of quotes for future orders.

Gensource Potash Corporation (TSXV:GSP) is focused on becoming Saskatchewan’s first vertically-integrated potash producer and has developed a unique business plan which will allow it to take advantage of the opportunities that exist in the potash industry. Connect with GSP to receive their next catalyst instantly.
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