Just recently, potash stocks took a big hit across-the-board with the announcement that Russia has decided it may significantly undercut the current price floor of around $400 a tonne for potash by 25% or more. Why is this and what does it mean for the global potash industry?
Western Potash’s Milestone Project in Saskatchewan is now the most advanced undeveloped potash asset in the world. Which makes the company ripe for an acquisition, or a joint venture partnership, with a potash-hungry Chinese government-funded corporate suitor.
In the mining business, when you mix bold innovation with pragmatic business solutions and sustainable practices, you have a winning formula. With this in mind, a small Canadian company just took a big step towards validating a “world’s first” business model for mining potash.