London gold market queues up to borrow central bank gold after big shipments to US
Over the last two months, 12.2 million troy ounces of gold were delivered to COMEX-approved warehouses.
Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.
The two companies, controlled by Russian billionaire tycoon Suleiman Kerimov and associates, announced a $23.9 billion merger earlier this year. Uralkali Chief Executive Officer Vladislav Baumgertner also said that its Belarussian Potash Co (BPC) export joint venture will sign a new contract with India in the coming months at a sharply higher price.
