WESTERN POTASH CORP T.WPX

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"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."

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WESTERN POTASH CORP > China Blue is two times as big as Israel Chemical

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Post by thairaton Mar 20, 2014 2:38am

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Post# 22344598

China Blue is two times as big as Israel Chemical

Wpx joined with a Chinese potash b u y e r !!!

China BlueChemical Ltd., one of China’s largest fertilizer manufacturers, with sales of approximately $12 billion USD per annum. China BlueChemical is also a majority owned subsidiary of China National Off- shore Oil Corporation (“CNOOC”), the largest offshore oil and gas producer in China.
https://www.rockstone-research.de/research/RockstoneWPX19FEB2014english.pdf

aa teamed with a potash p r o d u c e r !!!
--(TASE: ICL) reported a double-digit drop in profits and lower revenue for 2013, due to lower potash and phosphate prices. Full-year revenue fell to from in 2012, and net profit fell 37% to ( per share) from .
https://www.hispanicBusiness.com/2014/3/19/israel_chemicals_profit_down_37.htm

So China Blue is two times bigger than IC and instead of loosing money with decreasing potash price, China gains with every 100$ less potash price more than 500 million.