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Potash prices, currently at $280 per ton due to oversupply, are expected to rebound. ... At full production, the project could generate $1.1 billion in annual revenue and $700 million in EBITDA.
In another act of the potash drama, Uralkali agreed to sell potash to China for 24% less than the previous year's price. The company agreed to sell 700,000 tons of potash at $305 per ton in the ...
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For reference, prices in November 2011 were about US$470 per tonne, but as of May 2013 were stable at US$393. [42] After the surprise breakup of the world's largest potash cartel at the end of July 2013, potash prices were poised to drop some 20 percent. [43] At the end of December 2015, potash traded for US$295 a tonne.
Canpotex, short for Canadian Potash Exporters (reporting mark PTEX), is a Canadian potash exporting and marketing firm, incorporated in 1970 and operating since 1972. [1] Based in Saskatchewan , Canpotex manages the entire Saskatchewan potash exporting industry (excluding Canadian and US sales), including transportation and delivery.
In 2018 Uralkali produced 11.5 million tonnes of potash (KCl) [4] In 2021, the company's revenue amounted to 269 billion rubles. [5] Uralkali develops Verkhnekamskoye field of potassium and magnesium salts, world's second largest in terms of potash ore reserves. The company's total ore reserves total approximately 8.2 billion tonnes.
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The location is known as Potash on U.S. Geological Survey (USGS) topographic maps, and is east of Dead Horse Point State Park and Canyonlands National Park. [4] According to USGS reports, the Paradox Basin contains up to 2.0 billion tons (1.8 billion metric tonnes) of potash, with the primary mine being the one at Kane Creek.