Encanto Potash (TSXV:EPO) Chairman Gordon Keep anticipates an off-take agreement between his firm and a consortium of India potash importers will be ratified in the first quarter of 2014. Details of the agreement first surfaced in January 2013 and again in June, 2013 on an Indian government Web site, calling for 1.8 to 2 million… Continue Reading

An edited version of this story was first published in the Globe and Mail. The man who recently left his job as head of Sprott Resource Corp. says he has yet to sell a share in the company. Kevin Bambrough, who exited his role as the chief executive of Sprott Resource Corp., as well as… Continue Reading

Brian Dalton’s Altius Minerals (TSX:ALS) is building THE diversified Canadian minerals royalty company. Today the firm announced acquiring 51% of Sherritt International’s Canadian coal and potash royalties for $254 million, representing approximately 86% of Altius’s market cap at the time of the announcement. Dalton is betting the farm on long life coal and potash assets,… Continue Reading

Canadian fertilizer producer Potash Corporation (POT) has been flirting with resistance near $33 for the past couple of months. With an open gap up at $37.49 (from the large July gap down on the Russian potash cartel news), the risk/reward is particularly appealing for longs from current levels: Click to enlarge Risk-averse investors can use… Continue Reading

An interesting development in the Canadian uranium sector from Reuters this morning; as part of the Canada-EU free trade agreement, Canada has agreed to ease foreign ownership restrictions on Canadian uranium mines.  Currently foreign mining companies cannot own more than 49% of producing Canadian uranium mines, but that is about to change claims Reuters.  Note… Continue Reading

Karnalyte Resources Inc. (TSX: KRN) today announced that they are proceeding to the construction permitting process for their Wynyard Carnallite Project in Saskatchewan. The company says the have the backing of their Indian strategic partner to move forward regardless of conflict in the the potash markets. “Gujarat State Fertilizers and Chemicals (“GSFC”) is of the… Continue Reading

Developments in the potash cartel saga continues as rumours are confirmed that 21.75%-owner of OAO Uralkali, Russian tycoon, Suleiman Kerimov is trying to sell his stake in the company.  The value of the sale is estimated at around $3.5 billion.  This comes after Uralkali left the Belarusian Potash Co (BPC) cartel followed by the Belarusian’s… Continue Reading

The Belarusian/Russian potash conflict continues to deepen after the Belarusian government detained OAO Uralkali CEO Vladislav Baumgertner on Monday.  Russia has officially responded to the actions taken by Belarus by ordering Russian oil companies to cut oil exports to Belarus by one quarter.  Uralkali Chairman, Suleiman Kerimov, has been cited by Belarusian authorities as potentially… Continue Reading

Pacific Potash (PP:TSXV) announced today that it intends to merge with Cowley Mining Plc to create the second largest landholder in the Amazonas potash basin, similar in size to Petrobras and Brazil Potash.  The two also intend to raise up to $12 million in equity (120 million units at $0.10 per unit).  Cowley owns strategic land… Continue Reading

OAO Uralkali CEO Vladislav Baumgertner is being detained in Belarus.  Baumgertner is also the Chairman of the Belarusian Potash Co (a trading venture set up by Russia’s Uralkali and Belaruskali and controlled 40% of global potash exports) and is accused of abusing his position after Uralkali shocked the markets by stating it would be quitting the… Continue Reading

DON’T check your potash stocks today… “In a stunning move expected to transform the landscape of the world’s fertilizer industry, Russia’s OAO Uralkali is dismantling one of the world’s largest potash marketing groups by striking out on its own.” Read: Russia pulls out of cartel, potash prices expected to plunge With end to potash cartel,… Continue Reading

Now if Encanto can complete the Indian off-take deal, they’ll really be in business… Read: Harper Government supports development of first ever on-reserve potash mine QUOTE: TSXV: EPO Disclosure: long, subject to change without notice.

TORONTO — Ivanplats Robert Friedland needs no introduction. For one, he is North America’s greatest mining showman. Second, he is almost surely a billionaire. Third, he is a miner’s mining exec. “He knows his metals, and his black box works,” platinum prospector and Ivanplats board member William Hayden told me the other day over fizzy… Continue Reading

“At present, India is fully dependent on imports of potash.” Karnalyte Resources wins India investor for new potash mine. National Post Also: Karnalyte peer Encanto Potash (EPO) shares soared 12% Friday after another Indian consortium disclosed being in discussions with the company over a potential off-take deal. Read the statement here.

The Canadian resource sector has been mired in a cyclical bear market for the better part of the last two years. However, it is during times likes these that it is worth digging through the charts in search of stocks that have held up well during the downturn and may be ready to lead markets… Continue Reading