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Motley Fool Global Gains / GGS: Potash Corp.
|Subject: Potash miners duck today's storm||Date: 8/31/2012 2:50 AM|
|Author: Starrob||Number: 44 of 50|
"(Reuters) - Two of the world's largest miners have delayed decisions on whether to dig for potash in the Canadian province that holds the world's richest reserves of the crop nutrient.
Short term, global capacity to produce potash easily exceeds demand and the gap is growing. But the long run looks considerably more promising, with world demand for food expected to soar with population growth.
With that in mind, Australia's BHP Billiton (BLT.L) (BHP.AX) and Brazil's Vale SA (VALE5.SA) have delayed approval of developing mines in Canada, but have not wiped them off their drawing boards."
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