Potash Archives - Page 14 of 16

CP books more Prairie grain revenue at year-end

By Grainews Staff, GFM Network News January 21, 2016

Higher grain revenue on Canada’s Prairies helped lead to record full-year revenues and offset a lower fourth-quarter gross for Canadian Pacific Railway (CP), as the company warned of substantial job cuts ahead. The railway on Thursday reported overall net income of $1.352 billion on record revenue of $6.712 billion for 2015, down from $1.476 billion […] Read more

Crops, Reuters

Chinese group eyes indirect stake in Chile’s SQM

By Reuters, GFM Network News December 29, 2015

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 the world’s top lithium producers, the holding company selling the stake said Monday. Holding company Oro Blanco said in a filing with Chile’s securities regulator […] Read more

Crops, Reuters

BHP Billiton to cut 76 Sask. potash jobs

By Reuters, GFM Network News December 4, 2015

Reuters — Anglo-Australian miner BHP Billiton will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday. Work continues on sinking and lining shafts at BHP’s potash mine near Jansen, Sask., about 60 km southeast of Humboldt, according to the spokesperson. The mine would be the […] Read more

Crops, Markets, Reuters

Canpotex sees terminal expansion decision late next year

By Rod Nickel, GFM Network News November 23, 2015

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 could give it a faster route to Chinese buyers in a highly competitive market. Options include building a $775 million terminal at Prince Rupert, B.C., […] Read more

Crops, Markets, Reuters

Sask. seeks price protection in altering potash taxes

By Rod Nickel, GFM Network News November 20, 2015

Winnipeg | Reuters –– Potash-rich Saskatchewan hopes to revise its taxes on production of the crop fertilizer to avoid big revenue drops in years when prices sag, the Canadian province’s economy minister said Friday. Saskatchewan, home to mines operated by PotashCorp, Mosaic Co. and Agrium, is conducting its first full review in 10 years of […] Read more

Crops, Markets, Reuters

Agrium bucks fertilizer sector trend with Q3 profit

By Rod Nickel, GFM Network News November 7, 2015

Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co. […] Read more

Mosaic’s mine shaft tower from its K3 facility in southern Sask. Photo: Greg Berg

Crops, Reuters

Mosaic sees sliding fertilizer sales; cost-cutting boosts profit

By Rod Nickel, GFM Network News November 3, 2015

Fertilizer sales look to slide through the rest of the year, U.S. producer Mosaic Co. said on Tuesday, as greater shipments into key markets by rivals in Belarus and China boost competition. The world’s largest producer of finished phosphate products reported a bigger-than-expected quarterly profit, helped by cost-cutting. Fertilizer prices have fallen as the strong […] Read more

Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)

Crops, Markets, Reuters

Mosaic lays off staff at Sask. potash mine

By Reuters, GFM Network News October 23, 2015

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, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets. […] Read more

Crops, Markets

Slowdown in sales softens fertilizer market

By GFM Network News October 7, 2015

CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally […] Read more

Crops, Markets, Reuters

PotashCorp withdraws takeover bid for K+S

By GFM Network News October 5, 2015

New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more

Pulse Weekly: Exports down month-to-month

U.S. livestock: Cattle futures surge, hogs up

U.S. grains: Wheat, corn sink to contract lows as large supply weighs

GFM Network News

Pulse Weekly: Exports down month-to-month

U.S. livestock: Cattle futures surge, hogs up

U.S. grains: Wheat, corn sink to contract lows as large supply weighs

Tag Archives Potash

CP books more Prairie grain revenue at year-end

Chinese group eyes indirect stake in Chile’s SQM

BHP Billiton to cut 76 Sask. potash jobs

Canpotex sees terminal expansion decision late next year

Sask. seeks price protection in altering potash taxes

Agrium bucks fertilizer sector trend with Q3 profit

Mosaic sees sliding fertilizer sales; cost-cutting boosts profit

Mosaic lays off staff at Sask. potash mine

Slowdown in sales softens fertilizer market

PotashCorp withdraws takeover bid for K+S

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for August 1, 2025

Cyber-Savvy Farmer

Latest Market News