Yes, potash is a cartel. But, for how much longer?By Marc...

Yes, potash is a cartel. But, for how much longer?

By Marc Davis
The dominance of Canada’s high-powered cartel of three major potash producers may come to an end if a couple of small but well-financed potash exploration upstarts continue their winning ways.

Both Western Potash Corp. (TSX.V: WPX) and Potash One Inc. (TSX: KCL) have made impressive headway recently in their quest to muscle-in on Canada’s highly lucrative potash mining business.

Earlier this week, Vancouver-based Western Potash received a major shot in the arm by way of impressive drilling results from its Milestone Property in southern Saskatchewan. Notably, the project is located in close proximity to one of the largest solution-extraction (low-cost) potash mines in the world – Mosaic’s multi-billion-dollar Belle Plaine Mine – which has been mined for over 40 years and is still going strong.

http://www.commodityonline.com/news/Canada%EF%BF%BDs-junior-miners-pose-threat-to-potash-cartel-18218-3-1.html