Vale SA May Bid For Mosaic - Let the Great Potash War Begin (MOS, POT, VALE)
Bloomberg reports today that a Brazilian newspaper has hinted at a pending $25b bid by mining giant Vale S.A. (VALE) for The Mosaic Company (MOS), the world’s largest phoshate producer and #2 potash producer. This follows up on earlier reports that Australian miner BHP Billiton was interested in snapping up North American potash assets. Mosaic [...]
Potash Corp. to Cut Production 20 Percent; Will Pricing Be Preserved? (POT)
Potash Corp. came out late yesterday and joined the likes of Mosaic (MOS) and Uralkali in cutting production of its chief product, as they will reduce 2009 potash output by roughly 20%, beginning in January.
CEO Bill Doyle sees demand as only temporarily weak, noting a slowdown in the availability of credit and a general “wait [...]
Mosaic Pre-Announces Results Through 11/30; Further Production Cuts Coming (MOS, POT)
Mosaic Company (MOS) took the opportunity to dump the kitchen sink on an already dreary day. After seeing shares fall 16% in Monday’s trading session, the phosphate and potash producer pre-announced volumes for its Fiscal Q209, ending November 30th.
Noting the “unprecedented global economic and credit downturn”, Mosaic reported phosphate volumes of just 1.3 million tonnes, [...]
Is Potash Corp. Tracing a Bottom in Pen?
From the outset of the month, Potash Corp. (POT) joined the agriculture, energy, and materials stocks on a gyrating ride, consistently twice as volatile (or more) as the overall market. And that’s really saying something considering the VIX has been tailgating in the $50-plus range for the whole of the month.
Investors who simply like the [...]
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