African Potash staggers to new low after nomad Cantor resigns
21st Nov 2016 12:58
(ShareCast News) - Broker Cantor Fitzgerald has warned African Potash that it will resign as the AIM-listed company's nominated adviser from 7 December 2016, sending the fertiliser developer's shares to a mind-boggling new low. If the company does not appoint a replacement Nomad by 8 December its sh
Read moreAfrican Potash shares up after MoU with Uganda
13th Jun 2016 12:25
(ShareCast News) - Exploration company African Potash confirmed on Monday that, following press speculation, it has signed a non-binding memorandum of understanding with the Government of Uganda to support the development of a fertiliser industry in Uganda. The AIM-traded firm, which focuses on the
Read moreAfrican Potash inks fertiliser JV with Beryl Holdings
1st Dec 2015 09:11
(ShareCast News) - AIM-listed exploration company African Potash has signed an agreement with South African investment firm Beryl Holdings to expand and enhance its fertiliser trading operations in Southern and Eastern Africa. The group said it expects the agreement to strengthen its fertiliser trad
Read moreAfrican Potash appoints Elias Pungong as non-exec director
19th Oct 2015 10:38
(ShareCast News) - AIM-listed exploration company African Potash has appointed Ernst & Young veteran Elias Pungong to the board as a non-executive director. African Potash said Pungong will support the company in its growth strategy as it looks to realise value from its Lac Dinga potash project in t
Read moreAfrican Potash agrees pricing for fertiliser deal
25th Sep 2015 10:22
(ShareCast News) - AIM-listed exploration company African Potash has reached an agreement on a sale price of $500 per metric tonne for delivery to an unnamed Zambian distributor. The company struck a deal through Comesa, a free trade union of twenty African coutries, on 24 August to supply 50,000 to
Read moreAfrican Potash surges after signing second fertiliser supply deal
1st Sep 2015 08:58
(ShareCast News) - African Potash surged on Tuesday after saying it has entered in to a memorandum of understanding with an unnamed Malawian fertiliser company to supply it with over 50,000 metric tonnes of fertiliser. This is Potash's second deal since it signed an agreement on 4 August with Comesa
Read moreAfrican Potash surges as it inks first supply deal
24th Aug 2015 12:00
(ShareCast News) - Shares in African Potash surged on Monday after the company said it has signed a memorandum of understanding to supply a Zambian fertiliser group with in excess of 50,000 metric tonnes of fertiliser. This marked the first MOU since African Potash's landmark trading agreement with
Read moreAfrican Potash denies Daily Mail report of discounted share placing
19th Aug 2015 15:31
(ShareCast News) - African Potash has denied claims made by the Daily Mail that the exploration company is looking to carry out a placing at a significant discount to the current share price. "The directors wish to clarify to shareholders that this is a speculative and unfounded statement. No such p
Read moreAfrican Potash in the dark over share price jump
18th Aug 2015 09:56
(ShareCast News) - African Potash noted the recent push higher in its share price and said it was not aware of any reason for the move apart from its announcement earlier this month. The AIM-listed exploration company confirmed that, as announced on 4 August, it is negotiating with third parties to
Read moreAfrican Potash surges on fertiliser distribution deal
4th Aug 2015 12:17
(ShareCast News) - Shares in AIM-listed exploration company African Potash surged after it announced that it has entered into a trading agreement with Comesa, a free trade union of twenty African countries, to supply 500,000 tonnes of fertiliser a year. At 1127 BST, African Potash shares were up 7.5
Read moreAfrican Potash secures $3.75m to its potash project development
8th Aug 2014 17:30
African Potash secured $3.75m to support the development of its Lac Dinga potash project in the Republic of Congo. The convertible securities funding was provided by Bergen Global Opportunity Fund, asset management company based in the US. The convertible securities will be issued in four tranche
Read moreAfrican Potash acquires seismic data at Lac Dinga
20th Mar 2014 13:09
In its first announcement of the year, AIM-listed African Potash announced it had acquired seismic data at its exploration site at the Lac Dinga project in the Republic of Congo. The data was described as a "positive step" towards finalising an initial exploration programme on the project and will
Read moreAfrican Potash launches environmental study in Rep of Congo
17th Dec 2013 14:43
African Potash has taken a step forward in its bid to develop a mine in the Republic of Congo. The company's shares rose 0.38p, or more than 14%, to 3p at 14:36 in London as it began an environmental and social impact study at its Lake Dinga project before drilling starts next year. Potash is used
Read moreAfrican Potash surges after upbeat comments from CEO
7th Oct 2013 15:28
The share price of AIM-listed potash exploration firm African Potash surged on Monday after its Chief Executive Ed Marlow showed optimism about the industry in an interview on CNBC's 'Squawkbox' programme. Potash is the common name for many potassium-bearing materials and compounds and is used main
Read moreAfrican Potash re-enters agreement to acquire interest in Republic of Congo
29th Jan 2013 14:42
African Potash, an AIM-listed African exploration company, said Tuesday that it has re-entered into an agreement to acquire an indirect 70 per cent interest in La Societe des Potasses et des Mines (SPM), which holds the exclusive right to conduct mining research activities for potash salts over the
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