Potash Archives - Page 17 of 24 - Manitoba Co-operator

K+S rejects PotashCorp offer, promises on German mines

By GFM Network News August 7, 2015

Frankfurt | Reuters — German salt and fertilizer company K+S AG once again rejected PotashCorp’s takeover offer Friday, saying the Canadian company’s assurances about maintaining jobs and mine sites in Germany were unreliable. Saskatoon-based PotashCorp sent an unsolicited letter to K+S’s management and supervisory boards, K+S said in a statement. The letter included a proposal

Crops

K+S rejects PotashCorp takeover offer as too low

By GFM Network News, Ludwig Burger July 2, 2015

Frankfurt | Reuters –– German potash miner K+S rejected PotashCorp’s 7.9 billion-euro (C$11 billion) takeover bid Thursday, saying it was too low and the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, owner of the Morton Salt brand, said the proposal lacked firm commitments to protect the more than

An aerial view of Sirius’ temporary drilling site at North Yorkshire. (SiriusMinerals.com)

Crops

Potash miner Sirius wins approval for mine in British national park

By GFM Network News, Reuters June 30, 2015

London | Reuters — Potash mine developer Sirius Minerals on Tuesday won the go-ahead to build a large mine in a scenic national park in Yorkshire, northern England, a company spokesman said, clearing a major hurdle in the construction of the US$3 billion project. The North York Moors National Park’s planning committee members, who were

Crops, Markets

K+S shares surge after PotashCorp takeover approach

By GFM Network News, Ludwig Burger June 26, 2015

Frankfurt | Reuters –– Shares in German potash miner K+S leapt as much as 40 per cent on Friday after a takeover proposal from Canada’s PotashCorp, which sources close to the matter said was worth close to eight billion euros (C$11 billion). K+S, which would become the first German blue-chip firm in a decade to

Crops, Markets

Germany’s K+S seen likely to reject PotashCorp offer

By GFM Network News June 25, 2015

Frankfurt | Reuters — Germany’s K+S will likely reject a seven billion-euro (C$9.7 billion) takeover offer from Canadian fertilizer group PotashCorp, a person familiar with the situation said Thursday. K+S’s management and board are still due to discuss the offer from Saskatoon-based PotashCorp, and a decision has not yet been taken, but at first sight

Crops, Markets

Mosaic sees lost potash sales if Sask. hikes taxes

By GFM Network News, Rod Nickel May 20, 2015

New York | Reuters –– U.S. fertilizer producer Mosaic Co. would lose potash sales if Saskatchewan raises taxes on miners, and customers choose competitors from other countries, its CEO said on Wednesday. “If they were to tax more, we would suffer from that, we would sell less, our profits would be less and they will

Crops

PotashCorp, Mosaic profits climb less than expected

By GFM Network News, Reuters April 30, 2015

Reuters — North America’s two biggest potash producers, PotashCorp and Mosaic Co., reported larger first-quarter profits on Thursday, but results missed expectations. Saskatoon-based PotashCorp, the world’s biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide. Prices are yet to recover after a collapse in 2013,

Crops, Markets

Mosaic bracing for royalty hit from Sask. potash policy

By GFM Network News, Manitoba Co-operator Staff March 30, 2015

U.S. fertilizer firm Mosaic Co. expects Saskatchewan’s new changes to its potash royalty structure to cost the company up to an extra US$100 million in 2015. Minnesota-based Mosaic said Monday its “expected impact” from Saskatchewan’s retroactive move in its 2015 budget will increase the company’s 2015 pre-tax payments by $80 million to $100 million (all

Crops, Markets

Saskatchewan aims to ease potash tax’s price reliance

By GFM Network News, Rod Nickel March 19, 2015

Winnipeg | Reuters — Resource-rich Saskatchewan wants to change the taxes it charges on production of potash, to better reflect output and lessen the influence of potash prices, the province’s economy minister said Thursday. Potash prices have weakened since 2012 as capacity has increased. Competition has also sharpened since the 2013 breakup of Belarusian Potash

Wednesday’s Saskatchewan provincial budget includes these projections for crop production in coming years. (Gov.sk.ca)

Crops, Markets

Sask. budget trims ag spending slightly

By GFM Network News, Manitoba Co-operator Staff March 18, 2015

A substantial drop in provincial resource revenue from its oil sector has Saskatchewan holding the line on spending and leaning on its potash sector in its 2015 budget. Finance Minister Ken Krawetz and Ag Minister Lyle Stewart on Wednesday announced a total ag ministry budget of $362.4 million for 2015-16, down 2.5 per cent from

Daily Network News

FCC raises inflation forecast on surging commodity prices

U.S. urges WTO members to rethink core tariff rule in face of China threat

Speculators add to bullish bets in canola

Tag Archives Potash

K+S rejects PotashCorp offer, promises on German mines

K+S rejects PotashCorp takeover offer as too low

Potash miner Sirius wins approval for mine in British national park

K+S shares surge after PotashCorp takeover approach

Germany’s K+S seen likely to reject PotashCorp offer

Mosaic sees lost potash sales if Sask. hikes taxes

PotashCorp, Mosaic profits climb less than expected

Mosaic bracing for royalty hit from Sask. potash policy

Saskatchewan aims to ease potash tax’s price reliance

Sask. budget trims ag spending slightly

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