Trading barbs over the allocation of resource revenues is a blood sport in Canada, and the latest contenders are newly minted NDP leader Thomas Mulcair and Saskatchewan Premier Brad Wall.
Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) ("Mesa") announces an update on progress at the 100% owned Bounty Potash Project in the Great Salt Lake Desert of western Utah.
Australian junior Elemental Minerals (ASX, TSX: ELM), which is developing a potash project in the Republic of Congo, announced it has increased measured and indicated resources at its Kola deposit by 265% to just under one billion tons.
PotashCorp chief executive Bill Doyle threw down a challenge to rival BHP Billiton today, saying in an interview with The Financial Post that he doesn't believe the world's biggest miner is able to establish a potash beachhead in Canada with its Jansen mine.
Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.
Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects.”
Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.
Potash Corporation of Saskatchewan dropped 3.4% when markets opened on Thursday, after revising its earnings guidance for the year and announcing a 26% drop in earnings.