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The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops

Mosaic says stockpiles too high to restart Saskatchewan mine

Company expects Russia, Belarus 2023 potash exports at 2022 level

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. does not currently see the right market conditions to restart its idled Saskatchewan potash mine, with high inventories in the U.S. and Brazil and cold weather slowing trains from Canada, CEO Joc O’Rourke said Wednesday. Mosaic curtailed potash production in December at its Colonsay, Sask. mine, but
File photo of a train in Belarus. (Dimarik/iStock/Getty Images)
Crops, Markets

Belarus to allow Ukraine grain transit with no preconditions, U.N. says

Belarus still wants sanctions lifted off fertilizer

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United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in
The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops, Markets

Mosaic to throttle back Saskatchewan potash mine

Demand increasing, but 'slower than expected'

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Demand for potash is coming back after “a year of reduced applications” — but not quickly enough that U.S. fertilizer giant Mosaic Co. plans to keep all its Saskatchewan mines running at their current pace. Florida-based Mosaic said Tuesday it has now “temporarily curtailed” production at its potash mine at Colonsay, about 65 km southeast
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up in October

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MarketsFarm — The Port of Thunder Bay saw an increase in its grain handle in October 2022, moving 840,000 tonnes during the month. The grain exports were up by 33 per cent from September and up by eight per cent from October 2021, according to a news release. The increase was seen as a return
Photo: iStock/Getty Images Plus
Markets

Nutrien cuts 2022 profit forecast again on lower potash prices

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Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets

Nutrien’s interim CEO named CEO

Seitz sees 'a lot of uncertainty' continuing in market

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Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt.
Manitoba’s first potash mine looks to spread the wealth
News

Manitoba’s first potash mine looks to spread the wealth

Company breaks new ground with its unconventional approach to community economic development

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It’s been decades in the works, but Manitoba’s first potash mine has cleared red tape and is on course to start production this fall. In June, the provincial government announced that the Potash and Agri Development Corporation of Manitoba (PADCOM) had been granted all necessary permissions to start extraction and production in western Manitoba at its site 16 kilometres west of
(PortofThunderBay.com)
Crops, Markets

Thunder Bay grain exports picking up

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MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain
“Our government is proud to announce PADCOM has received all required approvals to move Manitoba’s first potash mining operation into production.” Manitoba Premier Heather Stefanson.
News

Manitoba potash production clears regulatory hurdles

Site near community of Harrowby gains environmental approval and mineral lease from province

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Manitoba could soon be getting its first potash mine. The provincial government announced formal approval recently to allow the Potash and Agri-Development Corporation of Manitoba (PADCOM) to start extraction and production in western Manitoba near Russell. Premier Heather Stefanson made the announcement in Toronto June 14 at the Prospectors and Developers Association of Canada conference.

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