Reading Time: 2 minutes 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 […] Read more
PotashCorp’s profit beats on higher potash sales
PotashCorp reviews stakes in fertilizer firms with eye on control
Reading Time: 2 minutes Reuters — Saskatchewan’s PotashCorp, the world’s largest fertilizer producer, is sizing up its chances of gaining control of four companies in which it holds minority stakes, CEO Jochen Tilk said on Wednesday. Saskatoon-based PotashCorp is reviewing its $4.5 billion worth of investments in China’s Sinofert Holdings, Israel Chemicals, Jordan’s Arab Potash and Chile’s SQM. “The […] Read more
PotashCorp hurt by fall in income from overseas investments
Reading Time: 2 minutes Reuters — Saskatchewan-based PotashCorp has narrowed its full-year earnings forecast range and reported a lower-than-expected quarterly profit as income fell from its overseas investments. The price of potash has plunged year over year, triggered by the breakup last year of trading partnership Belarusian Potash Co. that created more competition among producers. PotashCorp, the world’s biggest […] Read more
PotashCorp fined for mine worker’s death
Reading Time: < 1 minute Reuters — A Saskatchewan court has fined PotashCorp $280,000 following a mine worker’s death in 2012 when a machine used to move ore to conveyor belts backed over him. A Provincial Court judge in Saskatoon fined PotashCorp on Tuesday after the world’s biggest fertilizer company pleaded guilty to one charge of failing to comply with […] Read more
A message from April Stewart, Country Guide's Associate Editor
