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(Dave Bedard photo)
Crops

PotashCorp to cut jobs, output as prices sag

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Reuters — Fertilizer maker PotashCorp said Wednesday it was reducing jobs and output at one Saskatchewan mine and temporarily curtailing production at two others as the sector struggles with weak prices. The company said it would cut production at its Cory potash mine, just west of Saskatoon, to 800,000 million tonnes a year from 1.4
(Dave Bedard photo)
Crops

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
(Dave Bedard photo)
Crops

Agrium/PotashCorp merger set for shareholder approval

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Toronto/Winnipeg | Reuters — The shareholders of Agrium and PotashCorp are set to overwhelmingly approve a merger of the two Canadian fertilizer producers, according to a source familiar with the situation, despite initial skepticism from Agrium investors. About 99 per cent of the votes from both groups of shareholders are in favour of the transaction,
(Photo courtesy Agrium)
Crops

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
(Dave Bedard photo)
Crops

PotashCorp, Agrium make engagement official

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The boards of two of the heaviest hitters in Canada’s fertilizer sector have formally agreed to a $47 billion “merger of equals” deal under a new, yet-to-be-named parent company. PotashCorp, the world’s biggest fertilizer company by capacity, and rival Agrium, which is also the world’s biggest crop input retail chain, announced an agreement Monday in
(Photo courtesy Agrium)
Crops

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)
Crops

PotashCorp, Agrium merger would send farmers to regulators

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Winnipeg/Chicago | Reuters — North American farmers will pressure regulators to protect their negotiating leverage with fertilizer suppliers if PotashCorp and Agrium agree to merge, major farm groups said on Wednesday. The potential deal revealed on Tuesday would combine the world’s largest fertilizer producer by capacity, with the continent’s biggest network of farm retail dealers,
(Dave Bedard photo)
Crops

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

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