Brazilian mining giant Vale obtained an option Feb. 11 to acquire the bulk of Mosaic’s fertilizer interests in Brazil, a move that will further expand its asset base in the sector. In a deal that could rake in more than $1 billion for Mosaic when completed, the U. S. fertilizer maker has given Vale an
Vale Buys Mosaic’s Brazil Fertilizer Assets
BHP Plan Signals Major Shift In Potash Industry
“It’s been hard enough for juniors to find funding before this (BHP project),…” – CHARLES NEIVERT BHP Billiton’s plans to invest more money in its Saskatchewan potash project could weaken long-term pricing of the crop nutrient, threaten the viability of junior explorers and prove to be a game changer for the global fertilizer industry. The
Agrium Profit Down, But Gets Regulatory Ruling
Agrium Inc. reported a 93 per cent plunge in its quarterly profit Nov. 4, but the fertilizer maker and agricultural products retailer expects sales to rebound in 2010. Calgary, Alberta-based Agrium, which is locked in a lengthy battle to buy U. S. rival CF Industries, said the sharp decline in profit was due primarily to
Mosaic CEO sees solid farm economy in 2009
U. S. fertilizer producer Mosaic Co. expects a solid farm economy in 2009 and does not see next year’s crop plantings being hurt by the effects of the credit freeze, its chief executive said in an interview. “To say ‘No, there are going to be no implications (on the farm economy from the credit crunch),’
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