Reuters reported that Canadian miner Encanto Potash Corp. is in discussions with Indian Rashtriya Chemicals and Fertilizers Ltd about a possible deal.

As quoted in the market report:

After markets closed, Encanto said that Rashtriya is seeking to hire an adviser to review a deal that would see a consortium led by Rashtriya buy 2 million tonnes of potash in the future from Encanto, which is seeking to raise capital to build a Western Canada potash mine.

To view the whole Reuters report, click here.