Winnipeg | Reuters — India’s Gujarat State Fertilizers and Chemicals has agreed to guarantee payments on US$700 million in debt to finance the first phase of Karnalyte Resources’ Saskatchewan potash […] Read more
Tag Archives potashcorp
India backstops first phase of Sask. potash mine
PotashCorp to curb two Sask. mines’ production
Reuters — PotashCorp said Thursday that it will curtail production at two Saskatchewan potash mines for four weeks, as excessive supplies pressure prices. The company said it would curtail output […] Read more
Agrium’s forecast disappoints
Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as […] Read more
PotashCorp forecasts bleak year ahead
Reuters — PotashCorp has forecast its bleakest year in a decade and slashed its dividend, due to tanking fertilizer prices. Shares of PotashCorp, which also reported lower-than-expected quarterly profit on […] Read more
PotashCorp mine closure may see Canpotex port shelved
Reuters — PotashCorp’s decision this week to suspend production at its last New Brunswick mine may lead it to shelve plans to build a new West Coast shipping terminal with partners […] Read more
PotashCorp shutting New Brunswick potash mine
Reuters — Weak conditions in the potash market will not improve any time soon, PotashCorp’s CEO said Tuesday as the fertilizer company announced it would suspend operations “indefinitely” at its […] Read more
Chinese group eyes indirect stake in Chile’s SQM
Santiago | Reuters — China’s CITIC CLSA Capital Markets will participate in the process to buy an indirect stake in Chilean crop nutrition and industrial chemical firm SQM, one of […] Read more
Canpotex sees terminal expansion decision late next year
Winnipeg | Reuters — The new chief executive of Canpotex expects the Canadian potash trader to decide around late 2016 where to expand West Coast terminal capacity, a move that […] Read more
Mosaic lays off staff at Sask. potash mine
Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, […] Read more
Former UGG, CWB chief Lorne Hehn, 79
Lorne Hehn, at his funeral last week, was remembered as the Saskatchewan farmer-turned-businessman who led the Canadian Wheat Board toward its next-to-last incarnation as a farmer-controlled marketing agency. Hehn, who […] Read more
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