ICL Announces Record Share Repurchase Program

Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company, today announced that its Board of Directors has approved its intention to commence a stock repurchase program of up to five percent of its outstanding Ordinary Shares over a ten month period through June 30, 2009. The share purchase program, which could amount to NIS 3.5 billion ($971 million) according to yesterday’s... 

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Coal Mining Companies Turning to Gemcom Minex in Asia Pacific

Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today provided an update on growing Gemcom Minex(TM) sales momentum in Asia Pacific. Strong demand for the software is being fuelled by booming commodity demand and mining companies seeking improved tools for geology and mine planning. Minex is a comprehensive geological modelling and mine... 

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Lateegra Forms Joint Venture on Phosphate Project in East-Central British Columbia

Lateegra Gold Corp. continues to advance its portfolio of phosphate projects with the signing of a Letter of Understanding (“LOI”) to joint-venture its 100% owned Wapiti Property with Pacific Ridge Exploration Ltd. (“Pacific Ridge”). The property, first reported in a news release on June 10, 2008, is located south of Tumbler Ridge in east-central British Columbia, and is road... 

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Offtake Agreement for Phosphate Rock With India’s Largest Fertilzer Enterprize (IFFCO)

Legend International Holdings, Inc, with phosphate projects in the State of Queensland, Australia, announces that it has entered into a long term offtake and supply agreement for a minimum of 3 million tonnes annually of concentrated rock phosphate from its Lady Annie project in Queensland, Australia, with Indian Farmers Fertiliser Cooperative Limited (“IFFCO”). Legend and IFFCO have decided to... 

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Agrium to Adjust Carrying Cost of Its Canadian Phosphate Operations

Agrium Inc. announced today it expects to adjust the carrying cost of its Kapuskasing phosphate rock mine and associated Redwater phosphate facility resulting in a non-cash, after tax charge of approximately $100-million in the Corporation’s fourth quarter financial results. Recent quality issues with the rock from our Kapuskasing phosphate mine resulted in a comprehensive drilling program as... 

Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing... 

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Mine Plan Would Erase Wetlands: PCS Phosphate’s Proposal Threatens 2,500 Acres, the Most Ever in N.C

A massive Beaufort County strip-mining operation wants to expand its extraction of phosphate ore in one of the state’s most environmentally fragile areas. The proposal by PCS Phosphate, if approved, would represent the single largest destruction of wetlands permitted in the state — 2,500 acres including the headwaters of seven creeks near the Pamlico River. The rich deposit of black phosphate... 

Potash Corp. of Saskatchewan Posts Stronger 2nd Profit Despite Weaker Sales, As Tax Rate Falls

Potash Corp. of Saskatchewan Inc. on Thursday posted higher second-quarter profit as sharply lower taxes offset falling sales of its nitrogen, phosphate and potash fertilizers. The Canada-based fertilizer company said net income increased to $175.1 million, or $1.65 per share, from $164.2 million, or $1.46 per share, in the prior-year period. A strong Canadian dollar weighed on quarterly results, leading...