Potash Corp. of Saskatchewan Mining News

PotashCorp mine closure put off for now

The company is temporarily extending operations at its Penobsquis mine in New Brunswick, citing tight conditions in the granular potash market.

Potash Corp: A Balanced View — Analyst Blog

On May 30, we issued an updated research report on Potash Corp. While the fertilizer company should gain from a healthy demand environment in North America this year, it remains exposed to volatility in potash and phosphate pricing.

BHP going after PotashCorp again: report

Speculation is mounting as the industry has shifted enough to make a buyout attractive.

PotashCorp brings Doyle era to a close, former Inmet boss Tilk named new CEO

Doyle, 63, will probably be remembered the most as the CEO who fended off BHP Billiton’s hostile takeover bid for the Canadian fertilizer producer.

Canpotex sells potash to India at 7-year low price

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

Potash Corp. laying off over 1,000 workers

The world's largest potash miner by capacity, is cutting 18% of its workforce, or about 1,045 people,.

Potash demand to hit decade high next year—Uralkali

World's No.1 potash producer expects global demand to reach between 58 and 60 million tons next year.

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.

China grabs a 12.5% stake in potash leader Uralkali

To secure a steady supply in a market shaken by the fresh breakup of the Russia-Belarus oligopoly.

Uralkali CEO arrested in Belarus, potash market uncertainty escalates

Vladislav Baumgertner was accused of "abuse of power for private gain."

BHP bypassing Canpotex challenges Canada’s potash producers pricing power

The world's No.1 mining company is reportedly crafting detailed plans to export potash directly from its Jansen mine in Saskatchewan, Canada.

World's largest potash producers dive as Russian Uralkali breaks up marketing cartel

Main potash producers, such as PotashCorp., Mosaic and Agrium took a major hit after Russian competitor's decision that will likely undercut prices for the fertilizer.

Sirius Minerals delays potash mining plans in English national park

The miner had expected to begin production in late 2016, with initial output of 5 million tonnes per year.

China, Brazil boost potash imports in Q1

The two nations led the list of potash buyers during the first quarter of 2013, according to Scotiabank’s monthly commodity index.

UK Government questions $2.7bn potash project

Authorities fear the mine could interfere with the UK’s missile early warning system.

Thousands of Israelis protest against Potash Corp intended acquisition deal

Hundreds of workers blocked the entrance to a plant belonging to ICL, the company that Potash Corp wants to acquire.

UK to join race for potash supply

Sirius Minerals has filed a petition to develop a vast potash mine in the U.K., posed to be one of the world’s largest deposits of the commodity.

Potash Corp warns profit to be lower than forecasted

Potash Corp. (TSX, NYSE:POT), Canada's largest fertilizer producer, said Wednesday it was revising its outlook because of delays in reaching contracts with commodity buyers in India and China.

Fire traps 20 miners in Canadian potash mine, but no one hurt

Twenty miners are trapped underground due to a fire at PotashCorp’s Rocanville mine in the Canadian province of Saskatchewan, about 230 kilometres east of Regina

Potash Corp. cuts profit hopes as earnings slide

Potash Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.

Potash supply to exceed demand by 2020: report

Worldwide reserves of potash could surpass demand by between 59% to100% by 2020, says the latest report published by Rabobank.

Potash stocks led by Mosaic and Potash Corp. hit annual lows on financial worries

Stocks of major fertilizer producers Mosaic and Potash Corp hit their lowest levels in almost two years on Monday, in what is considered yet another sign the commodity “supercycle” is gearing down as slower global growth cools demand.

Millstream potash mine unlikely, says PotashCorp

The president of the Potash Corporation of Saskatchewan is not optimistic about the possibility of a new potash mine in Millstream, near Apohaqui.

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Chinese investors 'do not want to become a Potash-like story themselves'

“Chinese companies that are looking to invest in Canada do not want to become a Potash-like story themselves. Face and company reputation are important,” Peter Harder, president of the Canada-China Business Council told The Globe & Mail in an interview in Beijing this week as executives gathered for the council’s annual general meeting.