25.05.2006

Rio Tinto, a world leader in finding, mining and processing the world’s mineral resources, is bringing three of its industrial minerals businesses together under common management to better serve markets. Rio Tinto Borax, the world leader in borate supply and science; Luzenac, the world’s foremost talc producer; and Dampier Salt Ltd., the premier exporter of solar salt will be brought under common management to form Rio Tinto Minerals (RTM). Together with Rio Tinto Iron & Titanium (RTIT), RTM form the Rio Tinto Industrial Minerals Product Group (RTIM). “We are building on our remarkable resource base to achieve efficiencies of scale, and create a platform for growth,” said Andrew Mackenzie, Chief Executive of RTIM and Chairman of RTM and RTIT.

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04.05.2006

Jain Irrigation Systems Ltd, India has announced the acquisition of 100% of the shares of Chapin Watermatics, Inc., Watertown, New York, USA through its second generation wholly owned subsidiary, Jain (Americas), Inc, Ohio, USA.

Jain Irrigation Systems Ltd is a diversified company with more than 3,000 employees and sales in excess of $200 million with a product portfolio encompassing Irrigation Products, Piping Systems, Plastic Sheets, Dehydrated Foods, Fruit Puree, Pulp and Juices and Solar Energy based Thermal and Photovoltaic Systems in India and other world markets. Jain Irrigation has pioneered drip irrigation for small farmers in India and has the majority market share in one of the fastest growing irrigation markets in the world.

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24.04.2006

According to a recent announcement, the 50% Biolchim share held by Kemira since 1999 has definitely been fully returned to Italian shareholders. A private Italian Equity Investment Fund lead by IMI Sanpaolo Bank has acquired the majority of Biolchim shares.

Gianni Zamboni, the founder, remains as President. Alastair Fraser (Managing Director) and Peter Marti (Export Manager) have acquired through a management buy-out a consistent quota as well.

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22.03.2006

Yara International ASA has entered into a letter of intent with the other shareholders of the UK based micronutrient company, Phosyn plc, to increase its shareholding position from 35 to 100 percent. This planned, (and not unexpected) acquisition confirms Yara's commitment to expanding its speciality plant nutrition business. "Phosyn is a perfect match for Yara, supporting our ambition to provide farmers with an unmatched plant nutrition concept," says Tove Andersen, Head of Yara Specialities, who also sees the acquisition as a means to achieve cost synergies and improve scale in marketing and distribution of products through Yara's Downstream global distribution network. 

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22.03.2006

NaanDan Irrigation is entering into China. The Israeli Company has recently signed a cooperation agreement with Beidahuang, a huge enterprise in China. The agreement includes development and establishment of controlled greenhouses for flower production in the country. The scope of the first stage of the project is some 2.5 million dollars.

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07.02.2006

Not surprisingly, the target of the Kemira’s group to dispose of its remaining assets and business operations in the fertilizer sector is now translating into financial figures. According to Kemira’s results for 2005 fiscal year, the water-soluble specialty fertilizer unit had revenue in 2005 of EUR 65.6 million (vs 120.8 in 2004) and reported an operating profit of EUR 0.4 million (vs a loss of 11.3 in 2004), including non-recurring income of EUR 4.4 million. The share of the results of the water-soluble fertilizer business’s associates which is stated below operating profit was a loss of EUR 3.7 million (vs a loss of 8.6 in 2004).

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07.12.2005

The Yara Foundation has invited nominations for the second Yara Prize. The Prize was established in 2005 as a direct response to UN Secretary-General Kofi Annan's call for a green revolution in Africa.

The Yara Foundation began its search for the Yara Prize laureate 2006 on December 6. Qualified nominators are invited to propose worthy candidates for the second Yara Prize for a Green Revolution in Africa. Nominations must be submitted by March 1, 2006 and the prizewinner will be announced in June. The Yara Prize 2006 award ceremony will take place in Oslo, Norway on September 2. It will be preceded by the Green Revolution in Africa Seminar, a high-level international event organized by the Yara Foundation.

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09.11.2005

CCPIT-SSA - Sub Council of Agriculture, Ministry of Agriculture/PR China (China Council for the Promotion of International Trade, Specialized Sub-council of Agriculture) and New Ag International are pleased to announce that they will again co-organize Irrigation & Fertilizer Expos China, 19-21 September 2006, at the Beijing National Agricultural Exhibition Centre. In parallel to the expos, a number of seminars on irrigation, fertigation and specialty plant nutrition will be held.

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24.10.2005

The European Commission recently opened a formal investigation procedure in respect of a German tax exemption in favour of greenhouse horticulture. The measure consists of a reduced rate of taxation applicable to heating fuel, methane and liquid gas used to heat greenhouses. This exemption, introduced in 2001 would appear to entail aid for German greenhouses of approximately EUR 15 million per year.

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24.10.2005

The first liquid speciality factory in Egypt was commissioned in September by Misr Speciality Fertilizer (MSF) chairman and SQM director, Patrick van Beneden, who welcomed to the factory close to 300 guests representing the most prominent local authorities and local industries as well as leading growers and international expert contributors to MSF. The company MSF is a joint venture between SQM, Yara and Yara’s local partners Assem Doss and Gamal Aziz. The capacity of the plant and market target exceeds 85,000 tons of Yara branded liquid fertilizers. It was designed by Yara Technology expert teams and erected by Yara engineer Helge Pihl.

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