By Pia Rivera
Western Potash (TSX:WPX,FWB:AHE) announced changes to the board of directors of the Company effective September 29th, 2016.
As quoted in the press release:
The new Western Board consists of seven members, with Geoffrey Chang and Bill Xue as executive directors. Mr. Xia Qinglong is appointed an independent member of the Audit Committee.
Potash is commercially mined through two methods, conventional underground mining and solution mining techniques. Solution mining offers a few advantages compared to conventional underground mining including lower up-front capital cost and a shorter ramp-up time.
Various types of potash are used by farmers to grow crops, but the two most common are SOP and MOP.
April 06, 2016 09:52 ET
VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 6, 2016) – Western Potash Corp. (“Western” or the “Company”) (TSX:WPX)(FRANKFURT:AHE) announced the resignations of Bill Xue, Patrick Power and Limin Sun from the Board of Directors effective April 5th, 2016. Each of the three former directors will remain with the
Last week’s other top gainers were Western Potash, Teranga Gold, Ivanhoe Mines and Lithium Americas.
China-based Beijing Tairui Innovation Capital Management has agreed to make an $80-million strategic investment in Western Potash.
Western Potash was the top gainer on the TSX last week after releasing a scoping study for its Milestone project. It was followed by Lithium Americas, Sandstorm Gold, Ivanhoe Mines and Alamos Gold.
The top gainer listed on the TSX this week was Royal Nickel. It was followed by Champion Iron, Silver Bull Resources, Treasury Metals and Western Potash.
The potash space has been facing difficulties for some time, and 2015’s first quarter was quite the roller coaster ride. Still, many remain positive, and Potash Investing News’ top five stories from the last three months shows that a slew of market participants are still optimistic about the market.
IC Potash, Allana Potash, DuSolo Fertilizers, Great Quest Fertilizer and Western Potash are among the potash companies that will be attending PDAC.
A new study criticizes Saskatchewan’s potash tax system, noting that it limits the province’s ability to perform against international competitors. Saskatchewan is responsible for producing 30 percent of the world’s potash and the fertilizer is the backbone of government revenue in the province.
By Vivien Diniz
Shares of Western Potash spiked today, fueled by rumors that the development and acquisitions company could be at the center of a bidding war.