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Tag Archives Viterra

(Dave Bedard photo)
Crops

Viterra results offset Glencore’s improved year-end

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Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on Thursday released preliminary results for 2016, booking net income attributable to equity holders of $1.379 billion on $152.948 billion in revenues, up from an $8.114 […] Read more
Vegreville’s giant pysanka is a well known landmark in eastern Alberta. (Vegreville.com)
Crops

Viterra plans new eastern Alberta elevator

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Glencore’s Prairie grain handling arm Viterra plans to stake a new claim in the northeastern Alberta market with a new high-throughput elevator at Vegreville. The company announced Monday it has picked up the necessary regulatory approvals and expects to start construction along Canadian National Railway (CN) track this spring. The elevator is expected to have […] Read more
Rail cars arrive at Glencore’s Puerto Prodeco coal depository in Colombia. (Glencore.com)
Crops, Reuters

Glencore sees renewables not cost competitive until mid-century

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London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. Glencore, whose non-mining holdings include Canadian grain handler Viterra, has said coal is still an investment […] Read more
(Dave Bedard photo)
Crops

Viterra plans new elevator in eastern Saskatchewan

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Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000 […] Read more
(File photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Reuters

Canadian canola exporters book sales to China

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Winnipeg | Reuters — Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed. The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter […] Read more
(Dave Bedard photo)
Crops

Viterra books lower first-half revenues for Glencore

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“Average” crops and lower prices on the Prairies in the first half of 2016 led to results “substantially below” those in the year-earlier period for Viterra’s Canadian operations. Viterra’s owner, Swiss commodity mining/marketing firm Glencore, on Wednesday reported a nine per cent drop in revenues across its global agricultural products business, from $10.74 billion in […] Read more
(Dave Bedard photo)
Crops

B.C. pension funds to get piece of Glencore ag unit

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The investment firm for British Columbia’s public-sector pension funds is set to buy just under 10 per cent of the agricultural arm of commodities firm Glencore. Swiss-based Glencore announced Thursday it has a “definitive” deal to sell 9.99 per cent of its “Glencore Agri” business for US$624.9 million cash to the B.C. Investment Management Corp. […] Read more
With the Canada Pension Plan Investment Board buying 40 per cent of Viterra, Lee Hart is hoping his share of the federal pension funds will turn a large profit.
Cereals, Columns, Hart Attacks

CPP needs your grain

It's good news: Viterra returns to the Canadian fold

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Well I am really hoping Canadian farmers get serious about being efficient and profitable and market all those No. 1 crops through the greatest grain handling company in Canada — Viterra. Hey farmers, no more dinking around with lacklustre yields and all that needless shopping around to the “other” grain buyers. Now that my Canada […] Read more

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