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Crops, Reuters

Nutrien steers potash recovery as BHP waits in wings

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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
Crops

BHP Billiton puts off decision on Prairie potash mine

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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
Crops, Reuters

BHP stays course on potash mine few expected built

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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
Crops

Agrium, PotashCorp in merger talks

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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
Crops, Markets

Saskatchewan aims to ease potash tax’s price reliance

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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

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 21, 2019.

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