In June, PotashCorp made its intentions clear. It was prepared to pay US$8.
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First to the harvest
The pursuit and subsequent breakdown of a deal between Potash Corp of Saskatchewan and K+S has given some insight into the new dynamics at play in the potash market. While the German company’s board will have some tough questions to answer from some of its investors over the next few months – backed up by the 25% share price fall it experienced after news hit the markets – the scuppered transaction has shown up a very fragile market suffering from oversupply.
K+S’ Legacy project in Saskatchewan could produce 2.86Mtpa of potash at full capacity
- 08 October 2015
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