Potash Giant K+S Sticks To $4B Project Despite Sector Woes

Law360, New York (August 6, 2013, 2:43 PM EDT) -- Germany's K+S AG, one of the world's premier potash producers, isn't flinching after rival Uralkali scrapped a trading venture with one of its partners, saying Tuesday it would pursue a new €3 billion ($4 billion) Canadian project and believed it could stay insulated from market volatility.

The announcement comes after days of uncertainty over whether the potash industry would take a major hit on the heels of Uralkali's move, which separated it from a joint venture it had with export partner Belaruskali that controlled more than...
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