Sberbank of Russia will take part in a project to mine a potash deposit in Belarus, as the financial institution confirmed Tuesday the refinancing of the $1 billion loan issued to the Belarusian company Belaruskali, responsible for one-third of the world’s production of the fertilizer.
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
North American potash selling consortium, Canpotex, will be shipping larger amounts of the fertilizer to Indonesia after the five-year potash supply deal signed Tuesday between the offshore selling agency and Southeast Asian buyers.
Potash Corporation of Saskatchewan Inc. (NYSE:POT) announced on Thursday that it was increasing the the company's quarterly cash dividend from 14 cents per share to 21 cents per share.
The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.
Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss commodity trader and the coal giant down the slope Thursday in London.
Potash royalties in Saskatchewan may be changing after all now that Premier Brad Wall has had a change of heart, according to an editorial by The StarPhoenix.