Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
In a filing to the Bombay Stock Exchange on Friday, Tata Chemicals said that its subsidiary Valley Holdings has bought a 32.9% stake in EPM Mining Ventures, which is the process of developing a potash prospect in Sevier Lake, Utah.
According to the Financial Post talks between India and producers at the International Fertilizer Industry Association’s annual conference in Montreal broke down on Friday. At some 7m tonnes/year India is the second largest importer of potash in the world and is asking for a 10% discount on the current price of $500/tonne.
The Financial Post quotes U.S. Awasthi, managing director of the Indian Farmers Fertilizer Co-operative, which represents small farmers:
“India can tweak its agricultural practices and take advantage of “sufficient potash” in its soil to avoid importing for years, if necessary. He also pointed out that there are greenfield potash projects popping up around the world in Thailand and Ethiopia and elsewhere, and expressed confidence India can take advantage of these new supplies. That would mean less reliance on marketing groups like Canada’s Canpotex Ltd.”
“EPM also plans to list its shares at Venture Exchange of the Toronto Stock Exchange for which necessary applications have already been filed,” the filing said.”
