The company is temporarily extending operations at its Penobsquis mine in New Brunswick, citing tight conditions in the granular potash market.
Potash Corp. of Saskatchewan Mining News
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.
Speculation is mounting as the industry has shifted enough to make a buyout attractive.
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.
The price of the soil nutrient is down 25% in a year.
The world's largest potash miner by capacity, is cutting 18% of its workforce, or about 1,045 people,.
World's No.1 potash producer expects global demand to reach between 58 and 60 million tons next year.
The acquisition will allow Mosaic to abandon its plans to build a $1.1-billion ammonia manufacturing plant in Faustina, Louisiana.
To secure a steady supply in a market shaken by the fresh breakup of the Russia-Belarus oligopoly.
Vladislav Baumgertner was accused of "abuse of power for private gain."
The world's No.1 mining company is reportedly crafting detailed plans to export potash directly from its Jansen mine in Saskatchewan, Canada.
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.
The miner had expected to begin production in late 2016, with initial output of 5 million tonnes per year.
The two nations led the list of potash buyers during the first quarter of 2013, according to Scotiabank’s monthly commodity index.
Authorities fear the mine could interfere with the UK’s missile early warning system.
Hundreds of workers blocked the entrance to a plant belonging to ICL, the company that Potash Corp wants to acquire.
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. (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.
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 Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.
Worldwide reserves of potash could surpass demand by between 59% to100% by 2020, says the latest report published by Rabobank.
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.
The president of the Potash Corporation of Saskatchewan is not optimistic about the possibility of a new potash mine in Millstream, near Apohaqui.
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 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.