Potash Archives - Page 16 of 16

Mosaic bracing for royalty hit from Sask. potash policy

By Grainews Staff, GFM Network News March 30, 2015

U.S. fertilizer firm Mosaic Co. expects Saskatchewan’s new changes to its potash royalty structure to cost the company up to an extra US$100 million in 2015. Minnesota-based Mosaic said Monday its “expected impact” from Saskatchewan’s retroactive move in its 2015 budget will increase the company’s 2015 pre-tax payments by $80 million to $100 million (all […] Read more

Crops, Markets

Saskatchewan aims to ease potash tax’s price reliance

By Rod Nickel, GFM Network News March 19, 2015

Winnipeg | Reuters — Resource-rich Saskatchewan wants to change the taxes it charges on production of potash, to better reflect output and lessen the influence of potash prices, the province’s economy minister said Thursday. Potash prices have weakened since 2012 as capacity has increased. Competition has also sharpened since the 2013 breakup of Belarusian Potash […] Read more

Wednesday’s Saskatchewan provincial budget includes these projections for crop production in coming years. (Gov.sk.ca)

Crops, Markets

Sask. budget trims ag spending slightly

By Grainews Staff, GFM Network News March 18, 2015

A substantial drop in provincial resource revenue from its oil sector has Saskatchewan holding the line on spending and leaning on its potash sector in its 2015 budget. Finance Minister Ken Krawetz and Ag Minister Lyle Stewart on Wednesday announced a total ag ministry budget of $362.4 million for 2015-16, down 2.5 per cent from […] Read more

Crops

Mosaic fast-tracking Esterhazy potash mine expansion

By Grainews Staff, GFM Network News March 10, 2015

U.S. fertilizer firm Mosaic Co. has put expansion work at its southeastern Saskatchewan potash mining site on an “accelerated” timeline. Mosaic, which said in 2008 it would invest $1.7 billion to add 1.8 million tonnes of capacity at its Esterhazy, Sask. site by 2020, now plans to have its new “K3” satellite mine delivering potash […] Read more

Crops, Markets, Reuters

Russia’s Uralkali to invest US$4.5B to stay potash No. 1

By GFM Network News March 5, 2015

Moscow | Reuters –– Russia’s Uralkali will invest US$4.5 billion over the next five years to raise production capacity by 30 per cent, aiming to remain the world’s largest potash company despite a setback at a major mine. Uralkali’s capacity to produce potash, a crop nutrient, came into focus after it halted production at the […] Read more

Crops, Markets, Reuters

PotashCorp’s profit beats on higher potash sales

By GFM Network News January 29, 2015

Reuters — PotashCorp, the world’s biggest fertilizer company by market capitalization, reported higher-than-expected quarterly profit on strong potash sales, but its 2015 outlook disappointed. Saskatoon-based PotashCorp sold 2.5 million tonnes of potash, the most ever in a fourth quarter and up 42 per cent year over year. Its average realized potash price was $284 per […] Read more

Crops, Markets

Fertilizer prices stray away from corn influence: Analyst

By GFM Network News January 24, 2015

CNS Canada — Foreign exports and transportation look like they could be the main issues facing the fertilizer industry in 2015. Countries such as Ukraine, Russia and Belarus are busy players on the market, with Morocco also ramping up production. As a result, more supplies of phosphates and other fertilizers are out there, according to […] Read more

Crops, Markets, Reuters

Fertilizer firm Mosaic forecasts bigger-than-expected Q4 profit

By Reuters, GFM Network News January 19, 2015

Reuters — U.S. fertilizer company Mosaic Co. on Monday estimated it would post a larger fourth-quarter profit than expected and surpassed its targets for phosphate sales. Mosaic, the world’s largest producer of finished phosphate products and North America’s second-biggest potash producer, said it expects to earn 93 to 98 cents per share in the quarter […] Read more

Crops

Agrium restarts potash output at Sask. mine

By Grainews Staff, GFM Network News December 31, 2014

Fertilizer and ag retail giant Agrium has restarted potash production at its west-central Saskatchewan mine after a months-long expansion-related shutdown. Calgary-based Agrium said Wednesday its site at Vanscoy, about 25 km southwest of Saskatoon, is back in business after completion of what it called a “major turnaround” to tie in a one million-tonne expansion project. […] Read more

Crops, Reuters

Uralkali prepares to start repairs at damaged potash mine

By GFM Network News November 24, 2014

Berezniki, Russia | Reuters — Russia’s Uralkali, the world’s biggest potash producer, is preparing to start repair work at part of the damaged Solikamsk-2 mine, though it is unclear when output of the fertilizer will restart. Production at the mine was halted last week after an inflow of water at the mine, which accounts for […] Read more

GFM Network News

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Tag Archives Potash

Mosaic bracing for royalty hit from Sask. potash policy

Saskatchewan aims to ease potash tax’s price reliance

Sask. budget trims ag spending slightly

Mosaic fast-tracking Esterhazy potash mine expansion

Russia’s Uralkali to invest US$4.5B to stay potash No. 1

PotashCorp’s profit beats on higher potash sales

Fertilizer prices stray away from corn influence: Analyst

Fertilizer firm Mosaic forecasts bigger-than-expected Q4 profit

Agrium restarts potash output at Sask. mine

Uralkali prepares to start repairs at damaged potash mine

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