(Dave Bedard photo)

MF Global officials settle lawsuit for US$64.5M

New York | Reuters — Jon Corzine and other former MF Global Holdings officials have reached a US$64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The all-cash settlement with Corzine, who was MF Global’s chief executive and previously New Jersey’s governor, and nine […] Read more


(Dave Bedard photo)

Diesel prices seen softening soon

CNS Canada — Canadian diesel prices should go down between now and the end of the summer, according to a fuel expert. Since early May, the price of diesel across the Prairies has largely been in and around the 94-98 cents per litre range. Tom Kloza of the Oil Price Information Service reported prices on […] Read more

(Dave Bedard photo)

PotashCorp says can address K+S concerns about tie-up

Frankfurt | Reuters — Canada’s PotashCorp said it was confident of addressing concerns raised by K+S over its 7.9 billion euro (C$11 billion) takeover proposal for the German potash miner, giving K+S’s stock a boost. K+S rejected PotashCorp’s proposed bid as too low on Thursday, saying its suitor could be planning to dismantle and shrink […] Read more



(Dave Bedard photo)

Paterson to build central Alta. grain terminal

Winnipeg’s Paterson Grain plans to make its move into the central Alberta grain handling market with a new inland terminal about an hour southeast of Edmonton. Paterson announced Thursday it plans to build a 55,000-tonne capacity handling site at Daysland, about 40 km southeast of Camrose, to start accepting grain sometime next year. The new […] Read more

An aerial view of Sirius’ temporary drilling site at North Yorkshire. (SiriusMinerals.com)

Potash miner Sirius wins approval for mine in British national park

London | Reuters — Potash mine developer Sirius Minerals on Tuesday won the go-ahead to build a large mine in a scenic national park in Yorkshire, northern England, a company spokesman said, clearing a major hurdle in the construction of the US$3 billion project. The North York Moors National Park’s planning committee members, who were […] Read more



Sask. dryness could impact global canaryseed prices

CNS Canada –– Dryness in Saskatchewan could support global canaryseed prices, as the province produces nearly all of Canada’s crop. Canada is the world’s largest producer and exporter of canaryseed worldwide, according to a federal government report. Kevin Hursh, executive director for the Canaryseed Development Commission of Saskatchewan, expects global canaryseed prices will eventually react […] Read more

(Dave Bedard photo)

Germany’s K+S seen likely to reject PotashCorp offer

Frankfurt | Reuters — Germany’s K+S will likely reject a seven billion-euro (C$9.7 billion) takeover offer from Canadian fertilizer group PotashCorp, a person familiar with the situation said Thursday. K+S’s management and board are still due to discuss the offer from Saskatoon-based PotashCorp, and a decision has not yet been taken, but at first sight […] Read more