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(Dave Bedard photo)
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Potash prices look lower for longer as competition overheats

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Reuters — The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. PotashCorp, the world’s biggest fertilizer producer, forecast a less profitable year on Thursday than analysts expected, and reported
(Dave Bedard photo)
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Vale sells fertilizer unit to Mosaic

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Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast agricultural markets, will pay $1.25
(Dave Bedard photo)
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Mosaic looks to restart Saskatchewan potash mine

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Reuters — U.S. fertilizer producer Mosaic Co. may need to restart its idled potash mine at Colonsay, Sask. next year, as international buyers work through inventories, the company said on Tuesday. Mosaic halted production in July at the mine, about 70 km southeast of Saskatoon, for the rest of 2016 due to low global potash
(Photo courtesy Agrium)
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Vale fertilizer sale seen on track despite review

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Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves the sale of certain assets
Mosaic Co. said its staff at Mulberry, Fla. are using this on-site 800-foot-deep ground water well to recover water lost from the sinkhole formation at their phosphate facility. (MosaicCo.com)
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Sinkhole at Mosaic fertilizer site leaks radioactive water

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Reuters — A sinkhole spanning 45 feet in diameter opened at a Mosaic Co. phosphate fertilizer facility in Florida, leaking 215 million gallons of “slightly radioactive water,” a company spokesman said Friday. Mosaic said the monitoring system at its New Wales facility at Mulberry, Florida, showed a decline in water levels on Aug. 27 from
(Photo courtesy Agrium)
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Fertilizer merger faces easier approval at home than in U.S.

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Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would
(Dave Bedard photo)
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Agrium, PotashCorp in merger talks

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Canadian fertilizer giants Agrium and PotashCorp confirmed Tuesday they’re in “preliminary discussions” toward a possible merger-of-equals. Calgary-based Agrium and Saskatoon-based PotashCorp emphasized in separate statements Tuesday that no decision has yet been made on whether to go ahead with such a merger and no agreement has yet been reached. “There can be no assurance that
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops

Mosaic CEO sees opportunities to buy miners’ fertilizer assets

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Reuters — Miners that produce a diverse commodity mix may be willing to part with fertilizer assets, creating buying opportunities for producers of potash and phosphate, Mosaic Co. CEO Joc O’Rourke said Tuesday. Profits of fertilizer producers have tumbled because of falling prices, weak currencies in importing countries such as Brazil and excessive supplies. Mosaic,

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