GFM Network News


Brazil Amazon deforestation soars to 11-year high

Reading Time: 3 minutes Sao Jose dos Campos, Brazil | Reuters — Deforestation in Brazil’s Amazon rainforest rose to its highest in over a decade this year, government data on Monday showed, confirming a sharp increase under the leadership of right-wing President Jair Bolsonaro. The data from Brazil’s INPE space research agency, which showed deforestation soaring 29.5 per cent […] Read more

Manitoba agriculture merged into new provincial ministry

Reading Time: 2 minutes Manitoba’s provincial agriculture ministry is being merged with its resource development arm under the oversight of the minister responsible for the latter. Premier Brian Pallister on Wednesday announced a reorganization of his government’s ministries along with a shuffle of his cabinet in the wake of his Progressive Conservative government’s re-election last month. The realignment sees […] Read more


BHP sets early 2021 for decision on Jansen potash project

Reading Time: 2 minutes Melbourne | Reuters — BHP Group Ltd., the world’s biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Saskatchewan around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant […] Read more

Mosaic to further curb Saskatchewan potash output

Reading Time: 2 minutes Fertilizer firm Mosaic Co. is dialing back production at another of its potash mines in eastern Saskatchewan as its potash inventories rise. Minnesota-based Mosaic Co. said Thursday it will “temporarily curtail” potash production at its Esterhazy mine, bringing the company’s total production curtailments up to 600,000 tonnes. The added curtailment, the company said, is based […] Read more


Glencore ready for deals and dividends after profit boost

Reading Time: 2 minutes 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 […] Read more

Vale sells fertilizer unit to Mosaic

Reading Time: 3 minutes Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast agricultural markets, will pay $1.25 […] Read more