Viterra Archives - Page 8 of 16 - Manitoba Co-operator

Gavilon Grain has sold its facility at Grand Forks, N.D. to Viterra. (Gavilon.com)

Viterra buys North Dakota elevator

Prairie grain handler Viterra is expanding its reach in eastern North Dakota with a deal for Gavilon Grain’s elevator at Grand Forks. Regina-based Viterra said Monday it has closed its acquisition of Omaha-based Gavilon’s Grand Forks site for an undisclosed sum, and plans “immediate capital upgrades” for the elevator. The Grand Forks site, which was

Crops

U.S. agribusiness deal not a priority for Glencore

By GFM Network News, Reuters March 28, 2017

Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture chief said Tuesday. The diversified trading and mining group had pointed to the possibility of making bolt-on acquisitions after posting improved results for 2016 and

Glencore, whose Sudbury Integrated Nickel Operations (INO) in Ontario are shown here, has shed assets to cut debt and now plans to maintain a lower net debt to earnings ratio. (Glencore.com)

Crops

Glencore ready for deals and dividends after profit boost

By Barbara Lewis, Dmitry Zhdannikov, GFM Network News February 23, 2017

London | Reuters –– Commodities trader and miner Glencore reported an 18 per cent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said it was well-placed financially for small acquisitions or a special dividend payout. Analysts said the results beat expectations, driving the share price nearly two per

Crops

Viterra results offset Glencore’s improved year-end

By GFM Network News, Manitoba Co-operator Staff February 23, 2017

Commodity giant Glencore’s efforts to ratchet down its debts paid off in fiscal 2016 — though “challenges” weighed on the ledger for its Viterra grain handling arm. Swiss-based Glencore on Thursday released preliminary results for 2016, booking net income attributable to equity holders of $1.379 billion on $152.948 billion in revenues, up from an $8.114

Vegreville’s giant pysanka is a well known landmark in eastern Alberta. (Vegreville.com)

Crops

Viterra plans new eastern Alberta elevator

By GFM Network News, Manitoba Co-operator Staff February 14, 2017

Glencore’s Prairie grain handling arm Viterra plans to stake a new claim in the northeastern Alberta market with a new high-throughput elevator at Vegreville. The company announced Monday it has picked up the necessary regulatory approvals and expects to start construction along Canadian National Railway (CN) track this spring. The elevator is expected to have

Rail cars arrive at Glencore’s Puerto Prodeco coal depository in Colombia. (Glencore.com)

Crops

Glencore sees renewables not cost competitive until mid-century

By GFM Network News, Nina Chestney September 27, 2016

London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. Glencore, whose non-mining holdings include Canadian grain handler Viterra, has said coal is still an investment

Crops

Viterra plans new elevator in eastern Saskatchewan

By GFM Network News, Manitoba Co-operator Staff September 17, 2016

Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000

Crops

Saskatchewan farmers to launch ag retail chain

By GFM Network News, Manitoba Co-operator Staff September 9, 2016

A Saskatchewan family farm and seed retailing operation is set to become the home base for a new chain of crop input and seed retail stores. Brad Hanmer, who farms and operates Hanmer Seeds at Govan, Sask., about 100 km north of Regina, on Wednesday announced the launch of SynergyAG, which plans to open four

(File photo courtesy Canola Council of Canada)

Crops, Markets

Canadian canola exporters book sales to China

By GFM Network News, Rod Nickel August 26, 2016

Winnipeg | Reuters — Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed. The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter

Crops

Viterra books lower first-half revenues for Glencore

By GFM Network News, Manitoba Co-operator Staff August 24, 2016

“Average” crops and lower prices on the Prairies in the first half of 2016 led to results “substantially below” those in the year-earlier period for Viterra’s Canadian operations. Viterra’s owner, Swiss commodity mining/marketing firm Glencore, on Wednesday reported a nine per cent drop in revenues across its global agricultural products business, from $10.74 billion in

Daily Network News

Women who fed a nation

U.S. grains: Soybeans rise on China demand hopes; corn and wheat rebound

U.S. livestock: Hogs rebound, cattle hit upward limits

Tag Archives Viterra

Viterra buys North Dakota elevator

U.S. agribusiness deal not a priority for Glencore

Glencore ready for deals and dividends after profit boost

Viterra results offset Glencore’s improved year-end

Viterra plans new eastern Alberta elevator

Glencore sees renewables not cost competitive until mid-century

Viterra plans new elevator in eastern Saskatchewan

Saskatchewan farmers to launch ag retail chain

Canadian canola exporters book sales to China

Viterra books lower first-half revenues for Glencore

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