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(K-plus-S.com)
Crops

K+S expects earnings gain from Saskatchewan mine

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Frankfurt | Reuters — German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune, Sask. mine and after temporary restrictions on waste water at its main domestic mine were lifted. Revenues would be tangibly higher and earnings before interest, taxes, depreciation and amortization (EBITDA) would
(Dave Bedard photo)
Crops

PotashCorp Q3 profit disappoints ahead of merger

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Reuters — Canada’s PotashCorp, set to merge with rival Agrium to withstand a fertilizer slump, reported a smaller-than-expected quarterly profit Thursday and narrowed its full-year forecast, pressuring its stock. Prices of crop nutrient potash have leveled off this year after hitting eight-year lows late last year due to low crop prices and excessive production capacity.
A unit of 122 cars from the K+S potash mine at Bethune, Sask. arrived Sept. 27 at the company’s potash handling and storage facility at Port Moody, B.C. (KS-Potashcanada.com)
Crops

K+S to pool salt, potash units amid overhaul

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Berlin | Reuters — German minerals miner K+S plans to integrate its salt and potash units as part of a strategic overhaul, it said on Monday as it set itself a new profit target for 2030. K+S, the world’s largest salt producer and the fifth-largest seller of potash, is grappling with a slow recovery in
(Dave Bedard photo)
Crops

Shutdowns planned for two PotashCorp mines

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Fertilizer firm PotashCorp plans to temporarily halt production at two Saskatchewan potash mines this winter to curb excess supply. The Saskatoon company, in the midst of seeking regulatory approvals for a merger with Calgary competitor Agrium, announced last week it will “curtail” production at its mines at Allan and Lanigan, Sask. The shutdowns will run
(Staff photo)
Crops

Canada’s antitrust watchdog clears Nutrien merger

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Canada’s Competition Bureau will put up no reasons why PotashCorp and Agrium shouldn’t be joined in Nutrien. The federal antitrust regulator on Monday issued a “no action” letter on the all-stock merger-of-equals that Saskatoon’s PotashCorp and Calgary’s Agrium proposed in September last year. The two companies, when merged, are to be headquartered in Saskatoon under
BHP Billiton, whose Jansen, Sask. mine shaft is shown here, describes the mine as its “most advanced” project but still in its feasibility study stage. (BHPBilliton.com)
Crops

BHP said exploring stake sale in Saskatchewan potash mine

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Toronto/New York | Reuters — Anglo-Australian mining giant BHP Billiton is considering selling a 25 per cent interest in its Saskatchewan potash mine project, a stake that could be worth close to US$2 billion, people familiar with the matter told Reuters. The move comes as activist investor Elliott Management Corp. has been pushing the company
Tower structure at one of Mosaic’s potash mines near Esterhazy, Sask. (Greg Berg photo)
Markets

Mosaic shares tumble on disappointing fertilizer guidance

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Reuters – U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Mosaic forecast third-quarter diammonium

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