Oliver Hatfield, Director – Fertilizers at Integer, is quoted in the FT in an article that covers Potashcorp’s warning on BHP’s strategy
Archive for August 2010
In August 2010 Ukraine announced another series of price increases for industrial gas users from US$6.5/MMBtu to US$9.6/MMBtu delivered ex-VAT. Despite the sizeable discount secured earlier in May on the DAF price from Russia bringing it down from US$350/1000m3 to US$250/1000m3 (US$10.9/MMBtu to US$7.76/MMBtu) the weakening finances of the national gas distributor Naftogaz required removal of subsidies on distribution of imported gas.
The pace of mergers and acquisitions is picking up again, and one of the top five listed fertilizer companies Potashcorp has found itself the target of the latest acquisition proposal. Acquisitions make sense for BHP, which has been keen to gain potash capacity, given the long lead times for greenfield mines and relative lack of unexploited reserves. There have