Agrium Mining News

PotashCorp says expected sector recovery has already begun

The Canadian miner, the world’s largest producer of the fertilizer by capacity, expects strong demand to continue this year as North American farmers seek to replenish soil nutrients after record harvests.

Potash Corp profit down 70% on weaker prices, expects challenging year ahead

The firm anticipates “challenging market fundamentals” in the phosphate-fertilizer market, adding that it is currently assessing the value of some assets, which may lead to writedowns.

Miners trapped at Canada’s Allan potash mine rescued and safe

The 114 miners who were trapped underground following a fire are now home and operations will resume today.

Potash Corp cuts production, lays off 140 from Cory mine

The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.

ISS gives Potash Corp-Agrium merger its blessing

The deal, the biggest Canadian merger since CNOOC Ltd. bought Nexen Energy ULC in 2013, would create the world’s largest crop-nutrient supplier, worth about $36 billion.

Potash Corp. and Agrium merge, create $36bn fertilizer giant

The combined firm will be the world's largest crop nutrient producer and third largest natural resource company in Canada.

Agrium deal could boost potash prices

Ryan Lewenza, Portfolio Manager, Turner Investments joins Bloomberg TV Canada's Pamela Ritchie to discuss the potential merger of Potash Corp and Agrium and what that means for the market.

Potash Corp confirms merger talks with Agrium, shares halted

A tie-up could produce a fertilizer giant worth more than $30 billion.

Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

Belaruskali deal with China dents other players’ chances

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

Canpotex secures potash demand from China in deal with Sinofert

Minimum of 1.9 million metric tons of red standard-grade potash over three years.

Agrium restarts Vanscoy potash mine after mechanical failure, expansion

Production at the mine was suspended in July after a mechanical failure on the operation’s main hoist system.

Agrium’s Vanscoy potash mine production remains suspended

Operations at Agrium’s Vanscoy potash mine in Saskatchewan will remain suspended after a mechanical failure on its main hoist system on July 25.

Canpotex sells potash to India at 7-year low price

The price of the soil nutrient is down 25% in a year.

Canadian potash miners trapped underground rescued unharmed

Miners just had to wait out the smoke in the mine and stay underground overnight.

The end of a bad year for potash producers; a sprinkle of hope in the new year

'2013 is likely to go down as one of the worst years in the history of the fertilizer industry,' the Motley Fool recently wrote.

Mosaic buys fellow fertilizer CF Industries’ phosphate business for $1.4bn

The acquisition will allow Mosaic to abandon its plans to build a $1.1-billion ammonia manufacturing plant in Faustina, Louisiana.

Belarus poised to upend 'paralyzed' potash market once again

The potash world appears ready to go back to its oligopolistic ways.

Alberta floods block potash shipments

Temporary delay in potash shipments from Saskatchewan mines.

Agrium faces OHS charges in worker's death

Agrium Inc. is facing four charges under the province's Occupational Health and Safety regulations in relation to the death of an electrician at the Vanscoy potash mine in 2010.

Canadians could join Glencore in Viterra bid

News media reports say western Canadian agri-business companies Agrium and Richard may be joining Glencore in a rumored US$5.49 billion bid for Viterra.

The potash sector and those climbing valuation premiums

Investors have been looking with interest at the potash sector ever since BHP Billiton's $38.6 billion overture for Potash Corp. of Saskatchewan. Even though that takeover battle ended in an outright rejection of the offer, […]

Cargill puts potash assets into play

Agribusiness giant Cargill Inc. is spinning off its majority stake in fertilizer producer Mosaic (MOS-N72.47-3.68-4.83%) setting the stage for another potential takeover battle over prized Saskatchewan potash reserves, the Globe and Mail reports.