Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.
Government documents reveal that two of China's biggest state-owned energy corporations have approached a Canadian federal minister to express their interest in acquiring stakes in the country's potash and fertilizer sectors.
Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.
Potash Corporation of Saskatchewan (TSX:POT) is allegedly in talks with the Israeli government concerning a potential merger/ takeover of Israel Chemicals Ltd. in a deal that may be worth over $13.5 billion.
Potash Corp of Saskatchewan (TSX:POT) has seen third quarter earnings plunge 22% due to a sharp decline in exports of the key fertilizer ingredient to China and India.
Potash Corp. (TSX, NYSE:POT), Canada's largest fertilizer producer, said Wednesday it was revising its outlook because of delays in reaching contracts with commodity buyers in India and China.
Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in the first half of 2012.
Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).