CP strike threatens Canada's name as reliable potash supplier

The Canadian Pacific railway strike that started May 23 in Canada could damage the country’s reputation as a reliable potash supplier, a producer of the crop nutrient cautioned on Friday. While the work stoppage at CP, which carries virtually...

Potash Corp expects bumper Q2 sales, profit drops

Saskatchewan-based Potash Corp on Thursday said it expected significantly increased demand for potash and related products in the second quarter this year, with CEO Bill Doyle painting a bullish outlook for the rest of the year and into 2013....

April Fools' Day startup for Potash Corp's suspended mines

Potash Corp, the biggest fertiliser producer, said on Friday two of its major mines in Saskatchewan are on track to restart production on April 1, after soft demand led it to idle the Rocanville and Lanigan mines. A spokesperson said the total...

'We love price', says Potash Corp COO

Demand for potash will likely grow by more than 36%, or 15-million tons yearly, over the next decade, Potash Corp COO David Delaney said on Wednesday. And while cautious buying since November last year caused producers including the world’s...

Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Doyle undaunted as potash demand dips

Markets for potash might have seized up at the end of last year and into 2012, but demand will likely bounce back equally quickly, Potash Corp CEO Bill Doyle said on Thursday. “This business turns on a dime,” the head of the world’s biggest...

Agrium profit surges but shares slip

Agrium reported a more than threefold increase in its quarterly profit on Thursday on gains in its retail business, but its shares fell 2% as sales volumes at its wholesale fertilizer business were weaker than expected. Calgary-based Agrium said...

BHP Billiton aggressively pushing forward at potash projects

Mining heavyweight BHP Billiton is “aggressively” pursuing potash projects in Saskatchewan along with its Jansen asset, the company said on Wednesday. “Although these are at an early stage, the data acquired suggests they have the ability...

Potash Corp, Mosaic agree to phosphate price hike with India

Fertiliser companies Potash Corp and Mosaic on Thursday said they agreed with two Indian customers to raise the price of diammonium phosphate by about 10% to $677/t, owing to “strong market conditions”. The agreement is for around one-million...

Finally, a deal between Canpotex and India

It would appear, borrowing Potash Corp CEO Bill Doyle’s analogy, that India’s potash buyers have managed to catch their tail. Agrium CEO Mike Wilson on Wednesday said that Canpotex, the marketing cartel for Canada’s three biggest producers...

Potash prices to flourish further this year, says Scotiabank's Mohr

Spot potash prices at the Port of Vancouver climbed to $490/t in July and another $30/t to $40/t increase is likely before autumn in the Northern Hemisphere, Scotiabank said on Wednesday. “With strong demand in most of Asia and Latin America,...

Rise in Canpotex-China potash prices puts pressure on India

Canpotex, the potash marketing cartel owned by Canada’s three biggest producers of the crop nutrient, announced on Wednesday that it had increased its prices to China by $70/t for the second half of 2011. While Canpotex doesn’t publish the...