GFM Network News


Nutrien steers potash recovery as BHP waits in wings

Winnipeg/London | Reuters — Canada’s Nutrien, the world’s biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry […] Read more

BHP Billiton puts off decision on Prairie potash mine

With its Saskatchewan potash mine project about 70 per cent dug, major Australian mining firm BHP Billiton now says it won’t be seeking board approval to bring the mine into production in 2018. The company had said in May it expected its mine at Jansen, Sask., about 70 km southeast of Humboldt, to start producing […] Read more


BHP stays course on potash mine few expected built

New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more

Agrium, PotashCorp in merger talks

Canadian fertilizer giants Agrium and PotashCorp confirmed Tuesday they’re in “preliminary discussions” toward a possible merger-of-equals. Calgary-based Agrium and Saskatoon-based PotashCorp emphasized in separate statements Tuesday that no decision has yet been made on whether to go ahead with such a merger and no agreement has yet been reached. “There can be no assurance that […] Read more


Saskatchewan aims to ease potash tax’s price reliance

Winnipeg | Reuters — Resource-rich Saskatchewan wants to change the taxes it charges on production of potash, to better reflect output and lessen the influence of potash prices, the province’s economy minister said Thursday. Potash prices have weakened since 2012 as capacity has increased. Competition has also sharpened since the 2013 breakup of Belarusian Potash […] Read more