World’s largest potash producer to report negative growth: analysts

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

The deal aims to speed up development of Allana’s promising Danakil potash project, in northeast Ethiopia.

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

The Quebec government has given the go-ahead to build a controversial phosphate rock mine in a region best known for Canadian iron ore mining.

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.