media 2.3 billion tonnes potash , page-2

we might have a write up in the Australian as they are monitoring this stock according to the following article dated 18/4

Robin Bromby From: The Australian April 18, 2011 4:11PM DEMAND for soft commodities around the world is outpacing food production.
That means two things: much higher prices for food and the demand rising for fertiliser as farmers? incomes grow and the need is urgent to increase crop yields - which, in turn, means increasing demand and better prices for phosphate and potash.

As AME Group (the former Australian Mineral Economics) points out in its April bulletin, soft commodity (or agricultural) prices have been roaring over the past six months, which has been great news for farmers. But the price trajectories are already causing trouble: the rising cost of onions in India caused rioting and strikes earlier this year. And, remember, the overthrow of the government in Tunisia began as a protest over the cost of food.

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The average urban Chinese household spends 38 per cent of its budget on food, rising to 48 per cent in the low income earning ones. In the year to January, China?s food prices rose by 10.3 per cent. Meat and dairy consumption has lifted strongly in rural households, but consumption levels of these products remain well below urban and Western levels. As the poor catch up, the pressure will be on the supply and price of meat and dairy products.

Here at Pure Speculation, we?ve been watching the latest developments in the potash and phosphate sector. Today, Transit Holdings (TRH) asked for a trading halt. Its price rose 66 per cent on Thursday, so that can only mean it has clinched permission to gain access to its potash ground in Utah. The hold-up had been the need to cross federal land. The share price rise? Intuition, no doubt. Nothing more.

Over in Colorado, Red Metal (RDM) has taken another step toward securing prospecting rights for its potash project in the Paradox Basin. An initial agreement has been reached with the Colorado Bureau of Land Management for an environmental assessment.

Meanwhile, back in Australia Rox Resources (RXL) - which is persevering with the Myrtle zinc-lead project near the Gulf of Carpentaria coast - has been granted the tenements for its Marqua phosphate project east of Alice Springs. Surface sampling has recorded outcrop samples up to 39.4 per cent phosphate. Marqua in located in the same part of the Northern Territory as two other phosphate projects, Wonarah, owned by Minemakers (MAK), and Highlands Plains, owned by Phosphate Australia (POZ). Rox notes that its ground is just 250km from the nearest railhead, which is at Phosphate Hill in Queensland.

Nupower Resources (NUP) said its exploration focus in 2011 will be its Arganara and Lucy Creek phosphate projects, also in the Northern Territory. Drilling at the latter has produced phosphate grades up to 34.2 per cent.