Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.
That potash will last roughly through [...]
Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to $1,000 USD per tonne, from $150.
Despite a bleak 2009, brokerage Credit Suisse released a note that [...]
By Mike Rodger – Exclusive to Resource Investing News
On Sunday January 17, the second annual Investing in Nunavut event was held at the Fairmont Hotel Vancouver. The format was very similar to last year where speeches were made by Deputy Premier and Minister Responsible for Mines for the territory, Peter Taptuna, David Coffin, Editor [...]
Rye Patch reports it has acquired advanced assets and explored aggressively towards its goal of a 10-million ounce gold inventory.
The company’s Nevada focus arose from management’s considerable knowledge of the region and Nevada’s key position in world gold output. The state currently produces 78% of U.S. gold and 8% worldwide.
Management is seeking new acquisitions in Nevada, [...]
The yellow metal has taken on a new importance in many portfolios. For now, junior mining stocks offer a way to play the emerging growth in the industry. Check out the ongoing action on deal street.
The only way to stem the flow is to keep your fingers crossed and hope and pray and believe that [...]
Tin Investing News reports tin prices trudges on.
The seven smelters, which have a combined capacity of around 2,800 tonnes a month, had shut operations in late August due to lack of tin ore supply after a crackdown on illegal tin mining.
This could be the wake-up call needed for tin prices, which are still far below [...]
Gold Investing News reports gold price has been high for the third week in a row.
Gold reached $1,058 an ounce on Thursday, powering past Wednesday’s high of $1,048.4. On Tuesday, it passed the $1,033.9 an ounce record set in March last year.
Top miners Barrick Gold (TSE:ABX) in Toronto and Newmont Mining (TSE:NMC) in New York [...]
Crude Investing News reports crude oil fell due to inventories.
Inventories of crude oil dropped 978,000 barrels to 337.4 million, the report showed. A 2 million-barrel gain was forecast by analysts. Supplies are 10 per cent above average. Imports fell 4.6 per cent to 9.1 million barrels a day last week.
At just under $70 a barrel, [...]
Potash investing News reports potash being the hot new pink item!
And who better to don it than several North American suppliers. The stock price in major potash groups have risen in recent months on takeover talk.
Why the sudden interest? As lower potash prices discourage large mining companies from starting their own mines, mergers and acquisitions [...]
Tin Investing News reports on the market forces picking on tin prices.
The South African steel group, which has its origin in India, has agreed to cut tin-plat prices between 26 per cent to 30 per cent from September 30, 2009. The company maintains that the slashing of price is in line with an agreement with [...]
Thursday, February 25, 2010
0 Comments