Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Chemicals Consumer Cyclical Chemicals Advertising Agencies

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.

TSX:KRN - Post by User

Karnalyte Resources Inc

Bullboard Posts

Post by lotusprinceon Oct 24, 2013 10:15pm

227 Views

Post# 21847538

POT lowers 2013 potash demand forecast (SA)

Potash lowers 2013 potash demand forecast

In its earnings call, Potash (POT-2.1%) cut its forecast for 2013 world potash shipments to 53M-54M metric ton, down from its previous estimate of nearly 56M metric tons but higher than 2012's 51M; it sees global demand of 55M-58M in 2014.
A supply contract between the Canpotex group of North American potash producers and China's Sinofert Holdings likely will be signed in early 2014, according to CEO Bill Doyle.
Also, POT does not expect to dip into the debt markets to maintain its dividend program. (Q3 earnings)

This Market Current was sent to 13,194 people who get email alerts on POT.

Bullboard Posts

Invest wiser with BMO's InvestorLine Platform features