Canada offers more transparency on takeover rules

The Canadian government promised on Friday to make its reviews of foreign takeovers more transparent, allowing it to explain when it has concerns about a proposed investment and perhaps even saying why. A government statement said Canada will...

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...

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”....

Cliffs gets green light from Canada for iron acquisition

NYSE-listed miner Cliffs Natural Resources said on Tuesday the Canadian government had given its buyout of Consolidated Thompson the go-ahead. Cliffs still needs approval from China’s Ministry of Commerce for the C$4,9-billion deal to close,...

Much higher prices needed for profitable new potash mines - Mosaic CEO

Potash prices will need to nearly double from current levels to justify building brand new mines, Mosaic CEO James Prokopanko said on Thursday. “On the greenfield side, I just don’t see projects being justified as yet,” he said on the...

Rio CEO decries 'curse of resource nationalism'

Rio Tinto's chief executive said increased government involvement in the resources sector is constraining efforts to meet demand across the globe and slammed what he called the "curse of resource nationalism." CEO Tom Albanese, who is under...

BHP revives $4,2bn share buyback after scrapping Potash Corp offer

Mining giant BHP Billiton on Monday called off its $40-billion bid for Saskatchewan-based fertiliser company Potash Corp, and reactivated a $4,2-billion share buy-back programme. BHP said in a statement that it had determined that the condition...

Russia's Phosagro eyes bid for Potash Corp

Russian fertilizer company Phosagro is planning to bid for Canada's Potash Corp, the world's top fertilizer maker, rivaling a bid by BHP Billiton, business daily Vedomosti reported on Wednesday. Phosagro Chairman Vladimir Litvinenko has asked...

Saskatchewan premier shuns BHP golden share

Saskatchewan Premier Brad Wall said on Thursday he doesn't want a golden share in BHP Billiton's potash business as a means of easing the Canadian province's concerns about the Anglo-Australian miner's $39 billion takeover bid for Potash Corp. A...

Ex Harper adviser slams Saskatchewan 'self-interest' on Potash deal

A former senior adviser to Canadian Prime Minister Stephen Harper, Tom Flanagan, said on Friday that Saskatchewan Premier Brad Wall's opposition to BHP Billiton's $39-billion bid for Potash Corp was "naked self-interest in the most narrowest...

BHP maintains 'net benefit' of Potash deal; Sask unconvinced

The government of Saskatchewan continued to indicate on Wednesday that it will likely oppose BHP Billiton's offer for Potash Corp of Saskatchewan, despite assurances from the company that it will mitigate revenue loss to the province if the...

Report on potential Potash Corp takeover draws mixed response

A study commissioned by the government of Saskatchewan has raised some interesting points about a potential takeover of Potash Corp