Ethiopian potash prospects buoyed by acquisition, says junior

The decision by Norwegian fertilizer group Yara International last week to up its stake in Ethiopian potash company Ethiopotash BV to 51% from 16.67%, is being perceived by companies such as exploration group Allana Potash as a positive indicator...

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...

'Terrific' potash sales soon - Coxe

Almost exactly ten years ago, BMO Financial Group strategy advisor Don Coxe correctly forecast commodities were moving into the biggest bull market yet. On Friday, he said investors in commodity markets can still expect at least another two...

$7.5bn expansion to feed fertiliser group’s growth

TSX-listed fertiliser producer PotashCorp is moving full steam ahead with a $7.5-billion expansion programme to improve operational capability by 2015.

Mosaic joins potash-production cutting party on soft demand

Potash dealers are holding back from buying the crop nutrient even more than North America’s second-biggest producer, Mosaic Corp, anticipated they would a month ago, prompting the company to idle up to 20% of its capacity up to May. However,...

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...

Potash Corp Dec quarter profit misses estimates

A surprisingly swift fourth-quarter slowdown in fertiliser markets ate into Potash Corp earnings for the period which, at $683-million, was 34% higher than for the same period in 2010, but well below analyst expectations. Potash demand in North...

Potash Corp hikes dividend

Potash Corp, the biggest fertiliser-maker, on Wednesday said it is increasing its quarterly dividend by 100% to $0.14 a share, having also doubled the payout a year ago. CEO Bill Doyle said the increase “reflects the confidence we have in the...

PotashCorp, Mosaic reach settlement in Esterhazy dispute

PotashCorp and Mosaic have reached an agreement in a dispute over supplies of the crop nutrient from the Esterhazy mine, near Manitoba’s border with Saskatchewan, the companies said on Thursday. Mosaic had in May said it would stop selling...

Doyle undaunted on potash demand, prices amidst global economic fears

While other commodity prices tumbled dramatically over the past month, Potash Corp. CEO Bill Doyle said the market for his company’s namesake product would be “extraordinarily tight” next year, and prices would increase “substantially”....