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Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets

Flood risk forces Mosaic to shut Esterhazy potash shaft

Company to restart Colonsay mine

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to
A worker checks mining equipment at Nutrien’s Lanigan mine. That company’s mothballed capacity could slow or halt BHP’s planned Jansen project.
News

Prairie potash project may cost BHP growth elsewhere, say investors

The largest project ever is under clouds of uncertainty as excess capacity dogs the sector

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Reuters – BHP Group is under pressure from Canada to green light a giant potash project when it makes a final investment decision by mid-year but some investors said the world’s biggest miner may obtain better returns by plowing the funds elsewhere. The fertilizer ingredient will be in oversupply over much of the next decade,
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Other

BHP reported in talks with Nutrien on potash partnership

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Reuters — BHP Group is in discussions with fertilizer maker Nutrien about a partnership in the miner’s massive potash project in Saskatchewan, Bloomberg reported Wednesday, citing sources. Potential options include Nutrien acquiring a stake in BHP’s mine at Jansen, Sask., or becoming the mine’s operator and selling the potash through its channels, the report said,
Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)
Crops

New Nutrien CEO to carry out current strategy

Schmidt to focus on potash price over boosting sales

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Winnipeg | Reuters — Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices
Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)
Crops

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

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Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO
(File photo by Dave Bedard)
Crops, Markets

Nutrien beats profit expectation on strong potash sales

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Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to
BHP’s Saskatchewan potash mine project is set up north of Jansen, about 65 km southeast of Humboldt. (BHP.com)
Crops, Markets

BHP covers added costs for potash project

Long-awaited decision by BHP board now expected mid-2021

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“Challenges” in completing the shafts for its Saskatchewan potash project have led the world’s biggest mining company to top up the project budget by 10 per cent. BHP, in an operational review document released Tuesday for its quarter ending Sept. 30, said its board has approved another $272 million to complete the watertight concrete and

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