Tuesday, October 21, 2014

Potash Corp of Sask Inc. - POT.t

Potash Corp of Sask Inc. - POT.t is the world’s largest fertilizer company by capacity, producing the three primary crop nutrients – potash (K), phosphate (P) and nitrogen (N). As the world’s leading potash producer the company is responsible for about 20 percent of global capacity.

With operations and business interests in seven countries, Potash Corp is an international enterprise.

On October 2, 2014 the media released NEWS

The Financial Post reports in its Thursday edition it has been a turbulent fall season for mining equities and commodity prices. The Post's Peter Koven writes analysts at RBC Capital Markets are now advising clients to go overweight on fertilizer equities and underweight on uranium and precious metals equities in the fourth quarter.

The fertilizer call is a bit of a contrarian one, but the analysts think prices should hold up due to strong nutrient uptake, solid farmer balance sheets and relatively tight supply-demand. "Although lower crop prices are a potential headwind for at least the next 6-12 months, we think this has been priced into fertilizer equities, while U.S. nitrogen applications should remain relatively robust and crop protection and seed spending should be resilient," they said in a note. As for uranium, the analysts expect weak uranium demand and soft pricing will continue. For precious metals, they think prices will remain under pressure due to a strong U.S. dollar, relatively soft physical demand and strength in the broader markets. The analysts at RBC are "market weight" on the bulk commodities and base metals sectors, both of which have been beaten up in recent weeks.





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Monday, October 20, 2014

Greenland Ruby

Corundum from Fiskenaes, Nuuk, Kitaa Province, Greenland
Gemstones have been found in Greenland, including diamond, ruby, sapphire, kornerupine, tugtupite, lapis lazuli, amazonite, peridot, quartz, spinel, topaz, and tourmaline.
Most of Greenland's ruby and sapphire occurrences are located near the village of Fiskenaesset on the southwest coast.
A total of 31 ruby and sapphire occurrences have been confirmed in the Fiskenaesset district. One of these, the Aappattuloq Ruby project, is being developed by True North Gems Inc.
Roughly 10 kilograms of ruby and pink sapphire rough have been recovered. The bulk of the material is rather small, with 90% (by weight) measuring less than a quarter inch (6.3mm). The quality of the rough raises hopes that Greenland Ruby might play an important role on the world gem markets in the future.

The largest gem facetted to date weighed 0.69cts and was evaluated at $ 2.100,00 (US wholesale).

In May 2011 an initial resource calculation was announced for Aappaluttoq. The resource included indicated resources of 189,150 tonnes of material hosting 59 million grams (296 million carats) of corundum and inferred a further 21 million grams (109 million carats) to a depth of 65m.

The resource is National Instrument 43-101 compliant and is the first coloured gemstone resource ever to be published under these laws.

See ----->http://pennystockjournal.blogspot.ca/2014/03/fine-ruby.html
See ----->http://pennystockjournal.blogspot.ca/2014/03/royal-spinel-balas-ruby.html
See ----->http://pennystockjournal.blogspot.ca/2014/01/the-mughal-empire-in-gold-and-gems.html

Primero Mining Corp - P.t

Primero Mining Corp - P.t is a gold producer focused on the San Dimas gold-silver mine in Durango, Mexico.

The company reported record production of 143,114 gold equivalent ounces in 2013, above guidance. All-in sustaining costs are estimated at $1,072 per ounce.

On October 16, 2014 the company released News

"Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that Mr. Renaud Adams , President and Chief Operating Officer, has resigned effectively immediately to pursue other opportunities. Mr. Adams' duties will be assumed by senior management on an interim basis while a search for his replacement is completed.

"We would like to thank Renaud for his nearly 3 years of service and we wish him well with his future endeavors," stated Joseph F. Conway , President and Chief Executive Officer.

About Primero

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and adjoining properties in the Township of Black River-Matheson near Timmins, Ontario, Canada. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas. Primero's website is www.primeromining.com."