Russia bets on hungry China with $6bn fertilizer mines
EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.
Whereas total returns for the S&P 500 Index and 10-Year Treasury bond stayed relatively stable throughout the year, commodities and the U.S. dollar both made an incredible about-face starting around late June, early July.
Two large cities in Russia's Perm region sit on potash mines worked for the past 70 years that cause sudden surface subsidences and sinkholes 400m across.
What’s the connection between access to water, human rights and mining projects? It’s a complicated area where the vast challenges that lie ahead can only increase as the century progresses.
"These factors, combined with continued growth and demand for potash all conspire, if you like, to bring toward us the time when a new mine is required."