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Devastating Drought Expands In Texas

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reuters A devastating drought continues to have Texas in its grip, but some rain is falling on neighbouring states.

Texas so far has suffered more than $5 billion in agricultural losses, and wildfires have scorched millions of acres as the state suffers its longest dry period on record. About 97 per cent of the state is suffering from extreme or exceptional drought. The drought area in Kansas also expanded last week. Moderate to heavy rains fell on northeastern Oklahoma and southern Missouri, but didn t substantially change the drought picture there.

Potash properties sold

to ronto /reuters Mineral exploration company North Atlantic Potash said Sept. 29 it has completed the sale of eight of its Canadian potash properties for $110 million ($106 million) to Yancoal, the Canadian arm of China s Yanzhou Coal Mining.

North Atlantic Potash, a subsidiary of Russian fertilizer maker Acron, said the sale of the properties in Saskatchewan will allow it to focus on key areas of interest within its remaining potash properties in the province.

Saskatchewan is home to some of the world s largest known potash reserves.

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