Potash Sector Walking on Egg Shells as 2012 Approaches

Fertilizer demand throughout the first eight months of 2011 looked good, but the market has, if anything, turned somewhat gloomy and bearish since November. The coming year in the potash space looks set to be volatile, somewhat uncertain and, really, kind of a precursor to the rest of the decade when more capacity – and more economic uncertainty – will no doubt materialize. “Markets have generally been firm this year, with prices showing their highest levels since the peak of 2008, but this led to...

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Potash Sector Walking on Egg Shells as 2012 Approaches

Fertilizer demand throughout the first eight months of 2011 looked good, but the market has, if anything, turned somewhat gloomy and bearish since November. The coming year in the potash space looks set to be volatile, somewhat uncertain and, really, kind of a precursor to the rest of the decade when more capacity – and more economic uncertainty – will no doubt materialize. “Markets have generally been firm this year, with prices showing their highest levels since the peak of 2008, but this led to...

Continue reading "Potash Sector Walking on Egg Shells as 2012 Approaches" »

Acron May Receive VEB Financing for $2.82 Billion Potash Project

December 28, 2011 (Source: Bloomberg) -- VEB, Russia’s state development bank, may decide tomorrow on helping to fund OAO Acron’s $2.82 billion potash project, the government said. Acron plans to produce 2 million metric tons of potash a year at the Talitsky project, the government said said today in an e-mailed statement. Prime MinisterVladimir Putinchairs the VEB supervisory board....

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Acron May Receive VEB Financing for $2.82 Billion Potash Project

December 28, 2011 (Source: Bloomberg) -- VEB, Russia’s state development bank, may decide tomorrow on helping to fund OAO Acron’s $2.82 billion potash project, the government said. Acron plans to produce 2 million metric tons of potash a year at the Talitsky project, the government said said today in an e-mailed statement. Prime MinisterVladimir Putinchairs the VEB supervisory board....

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‘Mine will front global industry’

December 28, 2011 (Source: Scarborough Evening News) -- THE man heading plans to build a ?2 billion potash mine near Scarborough believes the project will put the area at the cutting edge of the global mining industry. Test drilling between Scarborough and Whitby has already revealed one of the world’s most extensive potash deposits. Now Sirius Minerals, the firm behind the York Potash project, is looking to start work developing the first plans for the mine, which it hopes to submit next year. If it...

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‘Mine will front global industry’

December 28, 2011 (Source: Scarborough Evening News) -- THE man heading plans to build a ?2 billion potash mine near Scarborough believes the project will put the area at the cutting edge of the global mining industry. Test drilling between Scarborough and Whitby has already revealed one of the world’s most extensive potash deposits. Now Sirius Minerals, the firm behind the York Potash project, is looking to start work developing the first plans for the mine, which it hopes to submit next year. If it...

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India Plans Price Curbs on Potash, Phosphate Fertilizers

December 27, 2011 (Source: Businessweek) -- India may re-introduce state controls on retail prices of some fertilizers after soil nutrient rates almost doubled in the past nine months, Srikant Jena, junior fertilizer minister said. “We are considering various options to bring down prices of di-ammonium phosphate and muriate of potash fertilizers,” Jena said in an interview in New Delhi. “Price control could be one of the options.” India ended state controls on fixing the retail prices of di-ammonium phosphate and potash in April 2010 to...

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India Plans Price Curbs on Potash, Phosphate Fertilizers

December 27, 2011 (Source: Businessweek) -- India may re-introduce state controls on retail prices of some fertilizers after soil nutrient rates almost doubled in the past nine months, Srikant Jena, junior fertilizer minister said. “We are considering various options to bring down prices of di-ammonium phosphate and muriate of potash fertilizers,” Jena said in an interview in New Delhi. “Price control could be one of the options.” India ended state controls on fixing the retail prices of di-ammonium phosphate and potash in April 2010 to...

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ASIC block puts Fortis potash deal on hold

December 27, 2011 (Source: SMH) -- The Corporate regulator has banned Fortis Mining from raising $35 million to fund the purchase of two potash projects in Kazakhstan. Fortis also holds gold and iron tenements in Western Australia but has staked its future on the Kazakh projects, where it hopes to find more than 6 billion tonnes of the fertiliser. It plans to use the proceeds from selling shares to buy the central Asian projects in a complex transaction involving the use of three tax havens....

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ASIC block puts Fortis potash deal on hold

December 27, 2011 (Source: SMH) -- The Corporate regulator has banned Fortis Mining from raising $35 million to fund the purchase of two potash projects in Kazakhstan. Fortis also holds gold and iron tenements in Western Australia but has staked its future on the Kazakh projects, where it hopes to find more than 6 billion tonnes of the fertiliser. It plans to use the proceeds from selling shares to buy the central Asian projects in a complex transaction involving the use of three tax havens....

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Potash Companies Appear Intent on Pushing the Capacity Envelope

Capacity concerns will no doubt continue to weigh on the potash sector, given the number of greenfield projects and brownfield expansion plans in the pipeline. Market watchers can now add Belaruskali to the list of global companies keen on ramping up capacity, apparently with little regard for the economics of supply and demand. Yes, the world’s demand for nutrient-rich arable farmland will remain a front-burner issue, but there are no doubt a number of factors that will drive the number of container ships laden with...

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Potash Companies Appear Intent on Pushing the Capacity Envelope

Capacity concerns will no doubt continue to weigh on the potash sector, given the number of greenfield projects and brownfield expansion plans in the pipeline. Market watchers can now add Belaruskali to the list of global companies keen on ramping up capacity, apparently with little regard for the economics of supply and demand. Yes, the world’s demand for nutrient-rich arable farmland will remain a front-burner issue, but there are no doubt a number of factors that will drive the number of container ships laden with...

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Joe Powell: I Could Have Been A Potash Tycoon

December 26, 2011,Tennessee(Source: www.cupofjoepowell.blogspot.com) --It really is annoying how I learn more and more as I get older that I dont know diddly-squat about what I thought I knew, and that there are indeed a mere handful of people who control even the basic elements found on the periodic chart and are bajillionaires who live in ways I cannot imagine. On the plus side, at least I can still learn new things about this world. On the downside, at my age, I am unlikely to...

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Joe Powell: I Could Have Been A Potash Tycoon

December 26, 2011,Tennessee(Source: www.cupofjoepowell.blogspot.com) --It really is annoying how I learn more and more as I get older that I dont know diddly-squat about what I thought I knew, and that there are indeed a mere handful of people who control even the basic elements found on the periodic chart and are bajillionaires who live in ways I cannot imagine. On the plus side, at least I can still learn new things about this world. On the downside, at my age, I am unlikely to...

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Fertilizing the Stars Above to Yield Profitable Forecasts

Buy- and sell-side analysts be gone. Who needs them when you’ve got the Astromoney Guru? Yes, that’s right. In a country where the rupiah has been trashed against the greenback, inflation is rampant, bureaucracy is doing its level-best to make sure things move as quickly as five kilograms of cat litter in a toilet bowl, this is the time of year when one should really turn to the stars for guidance. No, not Angelina, George or Tom (well, there’s always Scientology). One must instead consult...

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Fertilizing the Stars Above to Yield Profitable Forecasts

Buy- and sell-side analysts be gone. Who needs them when you’ve got the Astromoney Guru? Yes, that’s right. In a country where the rupiah has been trashed against the greenback, inflation is rampant, bureaucracy is doing its level-best to make sure things move as quickly as five kilograms of cat litter in a toilet bowl, this is the time of year when one should really turn to the stars for guidance. No, not Angelina, George or Tom (well, there’s always Scientology). One must instead consult...

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Potash - the only way is up

Even higher potash prices and a long-term floor price of $US500 a tonne - that’s the call from Canadian trading firm and investment bank Fraser MacKenzie. “We expect that the $US500 point price will hold,” says its analysts in a new 94-page report on the potash sector. This comes at a time when some other analysts are forecasting prices across the fertilizer spectrum to fall during the coming year. Both RBC Dominion Securities and UBS have recently predicted potash prices willease in 2012. Advisers Libertas...

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Potash - the only way is up

Even higher potash prices and a long-term floor price of $US500 a tonne - that’s the call from Canadian trading firm and investment bank Fraser MacKenzie. “We expect that the $US500 point price will hold,” says its analysts in a new 94-page report on the potash sector. This comes at a time when some other analysts are forecasting prices across the fertilizer spectrum to fall during the coming year. Both RBC Dominion Securities and UBS have recently predicted potash prices willease in 2012. Advisers Libertas...

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Brazil's 2011 Fertilizer Deliveries Hit Record High; Demand For Food Staples Remains Strong

So, a bumper year, then, for Brazil’s fertilizer market in 2011, what with continued strong demand for the country’s major crops, which include soybeans, corn, cotton, coffee and sugarcane. Given the sustained demand for food staples, it will be a record year for the Brazilian fertilizer “market in 2011, despite the slowdown in Q4 2011,” according to a Fertecon December report. “According to the latest statistics from Brazil’s National Fertilizer Distributors Association (ANDA), overall deliveries of all fertilizers to end consumers reached 26.509 million tonnes...

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Brazil's 2011 Fertilizer Deliveries Hit Record High; Demand For Food Staples Remains Strong

So, a bumper year, then, for Brazil’s fertilizer market in 2011, what with continued strong demand for the country’s major crops, which include soybeans, corn, cotton, coffee and sugarcane. Given the sustained demand for food staples, it will be a record year for the Brazilian fertilizer “market in 2011, despite the slowdown in Q4 2011,” according to a Fertecon December report. “According to the latest statistics from Brazil’s National Fertilizer Distributors Association (ANDA), overall deliveries of all fertilizers to end consumers reached 26.509 million tonnes...

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Global Potash Inventories To Weigh On 2012 Pricing, Buying Activity

Inventories. That’s going to be an issue going into 2012. Think about the hiccups in what was a stellar year for potash sales in 2011. The big one, of course, was India’s so-called holiday from buying potash in the first half of the year. Truth be told, it wasn’t so much of a holiday as it was a – I don’t know - lost weekend. The knock-on effect of India’s buying in the second half of the year has meant later shipments, ones that don’t...

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ICL Jumps the Most in More Than 2 Months on Potash Deal Reports

December 22, 2011 (Source: Businessweek) -- Israel Chemicals Ltd. jumped the most in more than two months after reports that the Finance Ministry gave initial approval to Potash Corp. of Saskatchewan to boost its stake in the Israeli harvester of chemicals from the Dead Sea. Israel Chemicals surged 6 percent, its biggest gain since Oct. 16, to 39 shekels at the 4:30 p.m. close in Tel Aviv. The Finance Ministry agreed “in principle” to the deal, Globes said without saying where it got the information....

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Israeli gives approval for PCS to increase stake in Israel Chemicals

December 22, 2011 (Source: Platts) -- Israels Finance Ministry has given its approval in principle to Canadas Potash Corp of Saskatchewan (PCS) to increase its stake in Israel Chemicals, according to Finance Ministry sources Wednesday. The sources said the approval would enable PCS to increase its stake from 13.9% at present to 25%.PCS is the worlds largest potash and fertilizer manufacturer. The increased stake would cost PCS $1.33 billion.The privately-owned Israel Corp controls a 52.3% majority in Israel Chemicals, which is the countrys largest chemical...

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Uralkali Declines After Cutting Potash Output Target Next Year

December 22, 2011 (Source: Bloomberg) --OAO Uralkali (URKA),Russia’s biggest fertilizer maker, declined the most in more than a week in Moscow after cutting its output target for next year by at least 7 percent. Uralkali shares fell as much as 3.8 percent, the biggest drop since Dec. 13, and traded down 3.5 percent at 228.93 rubles at 12:38 p.m. in Moscow, while the 30-stock Micex Index gained 0.1 percent to 1,386.30. Production next year may reach 10.5 million to 11 million metric tons, down from...

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Potash Corp. upgraded, Agrium downgraded

December 22, 2011 (Source: Financial Post) -- Potash Corp. of Saskatchewan was upgraded to outperform from sector perform at RBC Capital Markets as analyst Adam Schatzker sees investors shifting away from defensive stocks and into names with high quality assets. However, he cut his target on the stock to US$50 from US$58 on reduced fertilizer price forecasts and a lower earnings per share multiple of 13x (from 14x) for 2012. That outlook implies upside of roughly 24% from Wednesday’s close of US$40.22. RBC now expects...

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Singapore's Temasek Finally Sows the Seeds for a Strong Potash Pay-off

In many ways, the following makes a lot sense and perhaps corrects a lost opportunity for a state-controlled investment company during the last decade. Singapore investment firm Temasek Holdings has acquired a 6.5% stake inMosaicCo., a regulatory filing showed, making it the largest shareholder in the New York-listed fertilizer maker, according to a wsj.com report. The statement, filed Tuesday, said Temasek now owns 17.9 million Mosaic shares, which, based on Tuesdays closing price of US$49.93, values the stake at US$893.1 million. A regulatory filing to...

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Passport Potash Opens At Highest Level In Month, But Now Down 12%

December 20, 2011 (Source: NASDAQ) -- Passport Potash Inc (PPI.V) is down 12% in afternoontrade, having opened at its highest level in about a month at 30 cents and going on to touch an early day high of 31.5 cents before sellers moved in. More than 4.9 million shares have been traded so far. Passport Potash terminated its letter of intent with NZ Legacy last week. Passport also announced that it has arranged a fully subscribed non-brokered private placement of nearly $7 milllion which consists...

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Karnalyte resorts to bank debt to raise cash

December 20, 2011 (Source: Globe Mail) -- A week after cancelling its $115-million bought deal,Karnalyte Resources(KRN-T11.010.020.18%)has opted to start stockpiling the nearly $600-million it needs to develop its Wynyard Carnallite potash project by borrowing from the banks. Last week, Karnalyte announced that its latest equity offering was cancelled after regulators raised some questions about the company’s latest technical report. Answering these inquiries took time, and the firm said it would not have met the timeline outlined in its underwriting agreement had it not pulled the...

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Pacific Potash Corporation (TSX-V:PP) Summarizes 2011 Activities and Operations

December 20, 2011 (Source: CNW) -- Pacific Potash Corporation (TSX-V: PP, FSE: P9P, OTCQX: PPOTF) the Company is pleased to provide a summary of 2011 activities and operations. Steven Khan, CEO of Pacific Potash, comments that despite the worldwide financial turmoil and a challenging year for investors, the past year has been very productive for the Company in its goal to develop one of the first projects in Alberta. InMarch 2011, The Company formerly Silver Lake Resources Inc. completed a private placement of 12,500,000 units...

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Voltaire's Right: Tend to One's Garden — the Planet

The U.N. recently published one of those long and potentially alarmist reports that sometimes get picked up by the mainstream press, sometimes not, especially if the message isn’t neatly bundled. It’s latest agricultural-based report – published to coincide with a two-week U.N. climate change conference in Durban, South Africa – is the agency’s first-ever global assessment of the state of the planets land resources, a report that concludes that a quarter of all land is highly degraded; that the trend must be reversed if the...

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