Potash Archives - Page 10 of 17

Shutdowns planned for two PotashCorp mines

By Grainews Staff, GFM Network News September 29, 2017

Fertilizer firm PotashCorp plans to temporarily halt production at two Saskatchewan potash mines this winter to curb excess supply. The Saskatoon company, in the midst of seeking regulatory approvals for a merger with Calgary competitor Agrium, announced last week it will “curtail” production at its mines at Allan and Lanigan, Sask. The shutdowns will run […] Read more

Crops

Canada’s antitrust watchdog clears Nutrien merger

By Grainews Staff, GFM Network News September 11, 2017

Canada’s Competition Bureau will put up no reasons why PotashCorp and Agrium shouldn’t be joined in Nutrien. The federal antitrust regulator on Monday issued a “no action” letter on the all-stock merger-of-equals that Saskatoon’s PotashCorp and Calgary’s Agrium proposed in September last year. The two companies, when merged, are to be headquartered in Saskatoon under […] Read more

BHP Billiton, whose Jansen, Sask. mine shaft is shown here, describes the mine as its “most advanced” project but still in its feasibility study stage. (BHPBilliton.com)

Crops, Reuters

BHP said exploring stake sale in Saskatchewan potash mine

By GFM Network News August 25, 2017

Toronto/New York | Reuters — Anglo-Australian mining giant BHP Billiton is considering selling a 25 per cent interest in its Saskatchewan potash mine project, a stake that could be worth close to US$2 billion, people familiar with the matter told Reuters. The move comes as activist investor Elliott Management Corp. has been pushing the company […] Read more

Crops

BHP Billiton puts off decision on Prairie potash mine

By Grainews Staff, GFM Network News August 22, 2017

With its Saskatchewan potash mine project about 70 per cent dug, major Australian mining firm BHP Billiton now says it won’t be seeking board approval to bring the mine into production in 2018. The company had said in May it expected its mine at Jansen, Sask., about 70 km southeast of Humboldt, to start producing […] Read more

Tower structure at one of Mosaic’s potash mines near Esterhazy, Sask. (Greg Berg photo)

Markets, Reuters

Mosaic shares tumble on disappointing fertilizer guidance

By Rod Nickel, GFM Network News August 1, 2017

Reuters – U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Mosaic forecast third-quarter diammonium […] Read more

(Fertilizer Safety and Security Council)

Crops

Farmers wait for fertilizer prices to fall amid oversupply

By GFM Network News May 31, 2017

CNS Canada — As more fertilizer plants are built around the world and U.S. corn acreage shrinks, the typical thinking holds that prices for urea and nitrogen should fall, but that hasn’t been the case so far for Canadian farmers. “They’re more on the steady side,” said Todd Lewis, president of the Agricultural Producers Association […] Read more

Crops, Reuters

BHP stays course on potash mine few expected built

By Rod Nickel, GFM Network News May 18, 2017

New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more

Crops, Reuters

Undaunted by glut, new potash players bank on fertilizer rebound

By Rod Nickel, GFM Network News May 17, 2017

New York | Reuters — The owners of several new potash mines that are adding fertilizer to an already oversupplied market are banking on better times, bucking industry thinking that the projects may snuff a modest price recovery. The drive to build new mines began when potash prices were higher, but last year prices slid […] Read more

K+S Potash Canada CEO Ulrich Lamp and members of the RCMP unveil a new highway sign on May 2, 2017, to announce the K+S Legacy mine’s name change to “Bethune.” (KS-PotashCanada.com)

Crops, Reuters

K+S vows new Saskatchewan mine won’t undermine prices

By Reuters, GFM Network News May 9, 2017

Frankfurt | Reuters — German potash miner K+S vowed it would not have to undercut rivals on price as it brings two million tonnes of new potash capacity to the North American market next year. Faced with the gradual depletion of its domestic reserves over the next 35 to 40 years, K+S built its new […] Read more

Crops, Reuters

Agrium posts smaller-than-expected loss for quarter

By Reuters, GFM Network News May 1, 2017

Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per […] Read more

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Tag Archives Potash

Shutdowns planned for two PotashCorp mines

Canada’s antitrust watchdog clears Nutrien merger

BHP said exploring stake sale in Saskatchewan potash mine

BHP Billiton puts off decision on Prairie potash mine

Mosaic shares tumble on disappointing fertilizer guidance

Farmers wait for fertilizer prices to fall amid oversupply

BHP stays course on potash mine few expected built

Undaunted by glut, new potash players bank on fertilizer rebound

K+S vows new Saskatchewan mine won’t undermine prices

Agrium posts smaller-than-expected loss for quarter

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