GFM Network News


Nutrien’s potash mine at Lanigan, Sask. The Saskatoon company said in February it expects to close some potash mines which are near their “end of life” in the year ahead. (Nutrien.com)

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



An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)

Indian regulator warns on Agrium-PotashCorp merger

New Delhi | Reuters — India’s competition regulator said the proposed merger between Agrium and PotashCorp was likely to hurt competition, a government statement said Wednesday. The two Canadian fertilizer producers agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Neither Agrium nor PotashCorp have physical presence […] Read more

(Dave Bedard photo)

Railways urge Ottawa to loosen grain hauling rules

Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National […] Read more


(Photo courtesy Agrium)

Fertilizer merger faces easier approval at home than in U.S.

Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would […] Read more

(Dave Bedard photo)

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


(Canpotex.com)

Canpotex shelves plans for Prince Rupert terminal

Reuters — Canpotex, the potash export sales arm for PotashCorp, Mosaic Co. and Agrium, said Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia. Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient. PotashCorp […] Read more

(Photo courtesy Agrium)

PotashCorp mine closure may see Canpotex port shelved

Reuters — PotashCorp’s decision this week to suspend production at its last New Brunswick mine may lead it to shelve plans to build a new West Coast shipping terminal with partners Mosaic Co. and Agrium, CEO Jochen Tilk said on Thursday. Canpotex Ltd., owned by the three companies, has been considering construction of the terminal at […] Read more



Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)

Mosaic lays off staff at Sask. potash mine

Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets. […] Read more