The price recovery may take longer than expected due to the imminent startup of new mines.
Reuters recently reported that Belarusian potash producer Belaruskali may once again cooperate with Russia’s Uralkali. Potash prices dropped after the partnership between the two companies fell apart in 2013.
As quoted in the publication:
Belarus President Alexander Lukashenko’s comments on Thursday sent shares of rival potash companies higher as previous co-operation between
Bloomberg reported that BHP Billiton (NYSE:BHP) is cutting its spending on its Jansen potash project amid poor potash prices.
Intrepid said Monday that its auditors have expressed substantial doubt about its ability to continue.
Potash Corporation of Saskatchewan, the world’s largest potash supplier, announced on Tuesday that it will close its operations in Picadilly, New Brunswick.
The Globe and Mail reported on a recent note from Scotiabank, in which analyst Ben Isaacson suggested that Potash Corp. of Saskatchewan (TSX:POT) should acquire Intrepid Potash (NYSE:IPI).
PotashCorp (NYSE:POT) and Canpotex are optimistic about potash, despite a recent drop in price.
Potash West NL (TSX:PWN) released its May 2015 investor presentation, which includes project updates and guidance.
Highfield Resources Ltd. (ASX:HFR) announced that it has completed a scoping study for proposed slimes crystallisation plant at its Muga project in Spain.
Highfield Resources Limited (ASX:HFR) announced that it has completed the scoping study for its Sierra del Perdón project in Spain, which showed its potential to be a long-life, high-margin project with low upfront capital costs to production.