… recent developments in stories we’ve covered …
BHP bid signals realignment in global N-P-K sector posted August 31st 2010
Update: Saskatchewan-based PotashCorp has filed suit against Anglo-Australian BHP Billiton in a U.S. district court in Illinois claiming BHP made conflicting statements about its plans and misled investors in its bid to take over the world’s leading producer of potash, key ingredient in fertilizer. Meanwhile, the Financial Times reported Chinese chemicals group Sinochem has appointed Deutsche Bank AG and Citigroup Inc. to help it “evaluate moves to disrupt” BHP’s bid.
Miami Herald taps Datamyne to gauge impact of Colombia-Venezuela feud posted September 13th 2010
Update: Colombian trade with Venezuela will “never” return to previous levels, Sergio Diaz-Granados, Colombia’s Minister for Trade, Industry and Tourism, told Reuters (as reported in the Buenos Aires Herald). “The Venezuela that we’re going to work with in the coming years is very distinct from the one (Colombia) has worked with in the last 10 or 15 years,” the minister said. Colombian exports to Venezuela are expected to drop to $1 billion this year, down from $6 billion in 2008.
Date posted: September 22, 2010