GFM Network News

Tower structure at one of Mosaic’s potash mines near Esterhazy, Sask.  (Greg Berg photo)

Mosaic to further curb Saskatchewan potash output

Fertilizer firm Mosaic Co. is dialing back production at another of its potash mines in eastern Saskatchewan as its potash inventories rise. Minnesota-based Mosaic Co. said Thursday it will “temporarily curtail” potash production at its Esterhazy mine, bringing the company’s total production curtailments up to 600,000 tonnes. The added curtailment, the company said, is based […] Read more

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

Mosaic looks for bargain buys as fertilizer sector slumps

Reuters — U.S. fertilizer company Mosaic Co., grappling with falling prices and profits, is looking for acquisitions that could be bargain-priced in a weak commodity sector. The world’s largest producer of finished phosphate products on Thursday forecast lower selling prices for potash and phosphate in the current quarter. The Plymouth, Minn.-based company also reported fourth-quarter […] 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

(Dave Bedard photo)

Mosaic fast-tracking Esterhazy potash mine expansion

U.S. fertilizer firm Mosaic Co. has put expansion work at its southeastern Saskatchewan potash mining site on an “accelerated” timeline. Mosaic, which said in 2008 it would invest $1.7 billion to add 1.8 million tonnes of capacity at its Esterhazy, Sask. site by 2020, now plans to have its new “K3” satellite mine delivering potash […] Read more