K+S Faktenthread + Technische Analysen + News

Marshall Wace LLP
WC2N 6HT
Mitteilung von Netto-Leerverkaufspositionen

Zu folgendem Emittenten wird vom oben genannten Positionsinhaber eine Netto-Leerverkaufsposition gehalten:

K+S Aktiengesellschaft

ISIN: DE000KSAG888

Datum der Position: 13.12.2013

Prozentsatz des ausgegebenen Aktienkapitals: 1,11 %  

 

MagIndustries Pushes Potash Project Amid Glut: Corporate Canada
Christopher DonvilleDec 13, 2013 4:46 pm ET
(Corporate Canada news alerts: SALT CACOL
Dec. 13 (Bloomberg) -- MagIndustries Corp., a China-backed potash company, plans to spend $1.3 billion on a mine to supply farmers in the Asian nation, adding more of the crop nutrient to an industry operating at only 71 percent of global capacity.
MagIndustries, based in Toronto and controlled by Shanghai- based Evergreen Industries Group, is developing the Mengo mine in Republic of Congo, which is scheduled to produce 1.2 million metric tons of potash annually starting in 2015. By tapping other Congo deposits, MagIndustries may eventually boost its output to 5 million tons a year, Chief Executive Officer Longbo Chen said in a Nov. 27 interview from Beijing.
China is the world"s largest consumer of potash, which boosts crops" resistance to drought and strengthens roots, and imports most of its supplies. As domestic demand increases, the country is trying to cut its reliance on foreign producers, such as Russia"s OAO Uralkali, which dominate the $20 billion market, according to Peter Prattas, a Toronto-based analyst at Cantor Fitzgerald LP.
China is preparing "some sort of defense, or plan, to influence future supply, so that the major potash producers don"t have them at their mercy," Prattas said by phone on Dec. 11.
The price of potash delivered to Brazil, a major market for the fertilizer, has fallen 20 percent since the end of July to $330 a metric ton, according to data from Green Markets, a unit of Bloomberg LP, which is the parent of Bloomberg News.
Market Upheaval
The potash market has been in turmoil since the end of July when Uralkali quit a marketing venture with Belarus that accounted for about 40 percent of global exports, and said it would step up output to gain a greater market share. The industry is producing at about 71 percent of capacity this year and won"t exceed 75 percent through 2015, according to Green Markets.
Uralkali"s move has put pressure on its competitors. Potash Corp. of Saskatchewan Inc., the second-largest supplier, said Dec. 3 it will cut about 18 percent of its workforce to reduce production costs amid weaker-than-expected demand. In November, Moody"s Corp. cut its rating on the debt of German producer K+S AG to junk, citing uncertainty about potash prices.
Global potash shipments will be 52 million tons this year, Potash Corp. Chief Executive Officer Bill Doyle said in a Dec. 3 interview. That means MagIndustries" Mengo, located about 15 kilometers (9.3 miles) northeast of Congo"s Atlantic port of Pointe-Noire, would have a capacity equal to 2.3 percent of the current market.
China Push
None of that has deterred China Development Bank Corp. The state-controlled bank will lead a group of lenders contributing $740 million toward Mengo"s construction, MagIndustries said in a Nov. 21 statement. A Beijing-based press officer at the bank didn"t answer two calls made to his mobile phone today.
The accord "increases the likelihood of other Chinese- backed funding for projects such as those in Laos, South America, and others in Africa," Jeremy Redenius, an analyst at Sanford C. Bernstein in London, said in a Nov. 26 note. China imports about 7 million metric tons of the 12 million tons it uses each year, he said.
"China has the economic incentive to fund potash projects around the world to help ensure oversupply and lower prices," Redenius said. "We see evidence of this happening already."
Officials at Evergreen in Shanghai didn"t immediately respond to questions submitted to the company by fax as requested.
Open Market
MagIndustries" Chen denied that Mengo is part of a strategy to suppress potash prices.
"I don"t think our target is to keep the lower price for the Chinese government," he said in the interview. MagIndustries is developing the mine "to assure that Chinese agriculture will get sufficient supply of potash" and will sell the fertilizer at the prevailing price on the international market, he said.
MagIndustries doesn"t just exist to implement Chinese natural-resources and agricultural policy, said Rich Morrow, a company spokesman in Toronto.
"We"re a public company, we have public shareholders who are looking for a return," he said in an interview. He estimates Mengo would be Africa"s largest potash mine.
MagIndustries fell 2.7 percent to 18 Canadian cents at the close in Toronto, giving the company a market value of C$136.1 million ($128.6 million). The shares have gained 89 percent this year, compared with a 34 percent decline in the 56-company S&P/TSX Materials Index.
Australian Mine
Evergreen, a closely held company that also has investments in shipbuilding and logistics, bought a 76 percent stake in MagIndustries in 2011 for $107.9 million including debt, according to data compiled by Bloomberg.
Mengo isn"t the only potash project in which Chinese companies have an interest. According to its website, Western Potash Corp., a Vancouver-based company planning to develop a mine in Saskatchewan, is 20 percent-owned by a joint venture between two Chinese companies. John Costigan, Western Potash"s vice president of corporate development, didn"t immediately return a call seeking comment.
In April, Hong Kong-based Dingyi Group Investment Ltd. agreed to buy Australia"s Elemental Minerals Ltd., the developer of the Sintoukola potash project in Republic of Congo, for A$190 million ($169.7 million).
For every $100-a-ton decline in the potash price, China will spend $700 million a year less on the commodity, according to Bernstein"s Redenius.
"The opportunity cost of funding multiple projects like this may be small relative to the potash price reduction," he said.
--With assistance from Jun Luo in Shanghai. Editors: Simon Casey, Steven Frank


http://washpost.bloomberg.com/...U6S973001-3HRMNG0EPT7U2R9DL4VVKKT35V  

The accord “increases the likelihood of other Chinese- backed funding for projects such as those in Laos, South America, and others in Africa,” Jeremy Redenius, an analyst at Sanford C. Bernstein in London, said in a Nov. 26 note. China imports about 7 million metric tons of the 12 million tons it uses each year, he said.
“China has the economic incentive to fund potash projects around the world to help ensure oversupply and lower prices,” Redenius said. “We see evidence of this happening already.”

For every $100-a-ton decline in the potash price, China will spend $700 million a year less on the commodity, according to Bernstein’s Redenius.
“The opportunity cost of funding multiple projects like this may be small relative to the potash price reduction,” he said. Washington Post!

http://washpost.bloomberg.com/...U6S973001-3HRMNG0EPT7U2R9DL4VVKKT35V  

Why Scrooge visited Potash Corp. workers early [Winnipeg Free Press (Canada)]

http://www.tmcnet.com/usubmit/2013/12/12/7591549.htm  

Govt Preventing Israel Chemicals From Investing Heavily -CEO

- See more at: http://investorintel.com/potash-phosphate-press/...hash.WtvyqTMJ.dpuf  

 

der andere Potential. Immer das Gleiche mit den Analysten. Man muss selbst urteilen und kann sich auf NIX verlassen!!!  

Was stellste den Mist überhaupt noch ein hier. Ist eh immer der gleiche Dumme, Inhaltslose Käse einmal Hoi einmal Doi !  

Ich stimme dir voll zu:

Die Kursmanipulationsversuche einiger Analysten sollte man einfach ignorieren.



 

"liebe" liebenden, das soll hier KEIN diskussionsforum werden. dafuer in den nachbarthread gehen. thx  

 

 

 

 

Acron OAO : Completion of initial exploration programme at Acron Group’s Potash Project in Saskatchewan, Canada
12/12/2013 | 04:13am US/EasternRecommend:
0

12/12/2013

JSC Acron and its Canadian subsidiary North Atlantic Potash Inc. are very pleased to report a world-class potash resource has been delineated on their KP 405 potash permit in southern Saskatchewan, Canada, operated by a joint venture (the "JV") between North Atlantic Potash Inc. ("North Atlantic") and Rio Tinto Potash Management Inc. ("RTPM"), a wholly-owned subsidiary of Rio Tinto plc. The JV has completed an exploration programme that defined an inferred resource of 1.4 billion tonnes of potash with an average grade of 31% KCl. The critically important downhole temperatures for a solution mine averaged 63O C, ranking this deposit one of the highest in Saskatchewan. Based on a solution mining operation, it is estimated that 329 million tonnes KCl are recoverable at the wellhead from the resource defined within the northern area of KP 405.

"We have said we are focused on developing potash production in Saskatchewan," said Arie Zuckerman, Vice President of JSC Acron and President of North Atlantic Potash Inc. "This massive potash deposit is located in one of the most favourable potash regions in the world. The size, quality, and temperature characteristics place the project globally in the top tier of potash deposits. Exploration shows that this deposit has the potential to support a world-class solution mine for many years and its technical characteristics point to very favourable operating costs."

The inferred resource is further described in the included Appendix.
http://www.acron.ru/_upload/editor_files/file_1146.pdf

http://www.4-traders.com/ACRON-OAO-6497137/news/...askatche-17606721/  

Potash Outlook: Soft Potash Prices Ahead

Potash investors are probably ready to say adios to 2013. However, those looking for 2014 to bring with it greener pastures should probably brace themselves for what’s coming.

Sowing the seeds for 2014
...

http://potashinvestingnews.com/...tlook-soft-potash-prices-ahead.html  

Uralkali EGM approves interim dividend payment

18.12.2013

On 18 December 2013, Uralkali (LSE: URKA, “the Company”) held its Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting.

Uralkali EGM approved an interim dividend payment of RUB 2.21 per share (approximately USD 0.34 per GDR1). The total interim dividend payment will therefore amount to approximately RUB 6.5 billion (approx. USD 197 million1)to be paid out within 60 days of the date of the EGM. The dividend is being paid in accordance with Uralkali’s dividend policy, which stipulates that a minimum of 50% of IFRS net profit should be returned to shareholders at least twice per year.

The EGM also approved changes to the terms of Uralkali’s loan from Sberbank and adopted a new version of Uralkali’s Charter, which will be published on the Company’s website following registration in accordance with the due procedures.

http://www.uralkali.com/press_center/company_news/item14720/  

http://www.handelsblatt.com/unternehmen/industrie/...vor/9238946.html

Hessische Landesregierung knöpft sich K+S vor
18.12.2013, 17:49 Uhr

Der Dax-Konzern K+S soll künftig kein Salzwasser mehr in die Werra einleiten. Das will die neue Landesregierung in Hessen durchsetzen. Das Unternehmen hat aber Zweifel – Analysten geben ihm recht.

Wiesbaden/Frankfurt. Die neue hessische Landesregierung setzt den Düngemittelkonzern K+S unter Druck. Das Unternehmen, das seit Jahren salzige Abwässer in den Untergrund pumpt und in den Fluss Werra einleitet, müsse diese Praxis stoppen, heißt es im Koalitionsvertrag, den CDU und Grüne am Mittwoch in Wiesbaden vorstellten.
 

http://www.aktien-meldungen.de/Aktienresearch/...l-20-50-Euro-0216006

Exane BNP belässt K+S auf 'Underperform' - Ziel 20,50 Euro
18.12.2013 | 12:54

PARIS (dpa-AFX Analyser) - Die französische Investmentbank Exane BNP Paribas hat K+S auf "Underperform" mit einem Kursziel von 20,50 Euro belassen. Analyst James Knight zeigte sich in einer Branchenstudie vom Mittwoch recht optimistisch für den europäischen Chemiesektor im kommenden Jahr. Trotz einer langsamen konjunkturellen Erholung in Europa dürfte sich das Volumenwachstum der Unternehmen beschleunigen. Zudem könnten die Kapitalrenditen weiter steigen. Preiswerte Titel seien derzeit eher selten zu finden, allerdings fehlten auch klare Verkaufssignale. DSM bleibe sein "Top Pick". K+S sollten Anleger wegen des Überangebots und der Kaufzurückhaltung im Kali-Markt auch 2014 meiden. ajx edh
 

http://potashinvestingnews.com/...tlook-soft-potash-prices-ahead.html

Potash Outlook: Soft Potash Prices Ahead
Wednesday December 18, 2013, 4:00am PST

Potash investors are probably ready to say adios to 2013. However, those looking for 2014 to bring with it greener pastures should probably brace themselves for what’s coming.

Auszug:
What to expect in 2014

On December 12, Belarus’ finance minister, Andrei Kharkovets, set export targets in 2014 at 6.6 million tons at an average price of $306 per ton. Belarus is anticipating lower volumes than in previous years, which has led to speculation that Belarus isn’t planning a volume over price strategy. While investors can rest — a little — easy in the knowledge that the potash market won’t be flooded, it does appear that demand may not rebound much. And considering that $306 is a soft price for potash, it does set the tone for what 2014 will bring.

However, before the market gets a firm understanding of where the potash price is headed in the new year, AltaCorp analyst John Chu explained that all eyes are currently on China signing its potash contract, which is the first few months of 2014.

“Until we get that price discovery, the market is going to be effectively at a standstill, for the most part. Obviously, no one wants to buy if they think prices might be a bit lower in a couple months. China is going to be the one that dictates that, more of that benchmark floor price,” Chu told Potash Investing News in a phone interview.

China’s last contract was inked at $400, and Chu sees speculation around the next contract lingering in the mid-$300, with concern that it could go lower.  

 

Schon gepostet.
Hab ich leider übersehen.
Tut mir leid.  

...bei solchen "miss"geschicken einfach denken...:"lieber 2x gepostet als keinmal!" ;-)  

dow jones springt daraufhin auf > 16.000 punkte. maerkte reagieren erleichtert...