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

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

Crops

Mosaic fast-tracking Esterhazy potash mine expansion

By GFM Network News, Manitoba Co-operator Staff March 10, 2015

U.S. fertilizer firm Mosaic Co. has put expansion work at its southeastern Saskatchewan potash mining site on an “accelerated” timeline. Mosaic, which said in 2008 it would invest $1.7 billion to add 1.8 million tonnes of capacity at its Esterhazy, Sask. site by 2020, now plans to have its new “K3” satellite mine delivering potash

Crops, Markets

Russia’s Uralkali to invest US$4.5B to stay potash No. 1

By GFM Network News, Polina Devitt March 5, 2015

Moscow | Reuters –– Russia’s Uralkali will invest US$4.5 billion over the next five years to raise production capacity by 30 per cent, aiming to remain the world’s largest potash company despite a setback at a major mine. Uralkali’s capacity to produce potash, a crop nutrient, came into focus after it halted production at the

Crops, Markets

PotashCorp’s profit beats on higher potash sales

By GFM Network News January 29, 2015

Reuters — PotashCorp, the world’s biggest fertilizer company by market capitalization, reported higher-than-expected quarterly profit on strong potash sales, but its 2015 outlook disappointed. Saskatoon-based PotashCorp sold 2.5 million tonnes of potash, the most ever in a fourth quarter and up 42 per cent year over year. Its average realized potash price was $284 per

Daily Network News

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Tag Archives Potash

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

Mosaic fast-tracking Esterhazy potash mine expansion

Russia’s Uralkali to invest US$4.5B to stay potash No. 1

PotashCorp’s profit beats on higher potash sales

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