GFM Network News


CN kicks off recovery after eight-day strike

Reuters –– Canadian National Railway on Thursday said it was putting a recovery plan in place while ramping up operations after the country’s biggest rail strike in a decade. The eight-day-long work stoppage at Canada’s largest railroad sent shocks through the country’s economy with grain and propane shipments scuttled. The strike by about 3,200 conductors […] Read more

Nutrien potash mine idled despite rail strike’s end

Plans by the world’s largest ag inputs provider to temporarily idle its biggest potash mine in view of the Canadian National Railway strike will proceed, even as CN goes back to work. Saskatoon-based Nutrien announced Monday it “will be forced to curtail production” at its Rocanville, Sask. mine due to the CN rail strike. The […] Read more


CN strike drags on, hitting grain exports, fertilizer output

Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more

Nutrien cuts profit forecast on weak fertilizer demand

Bengaluru |Reuters – Canadian fertilizer maker Nutrien Ltd missed third-quarter profit estimates and cut full-year earnings forecast on Monday, as it battled lower demand for its crop nutrients. Agricultural companies have seen their profits hammered by harsh weather that delayed planting season in North America and a trade war fueled uncertainty that has crimped crop demand. “Nutrien’s third-quarter […] Read more


BHP sets early 2021 for decision on Jansen potash project

Melbourne | Reuters — BHP Group Ltd., the world’s biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Saskatchewan around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant […] Read more

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


K+S cuts output on weak potash demand

Frankfurt | Reuters — German mineral miner K+S will cut production of potash fertilizers, dragging core earnings lower, as a halt imposed by China on potash imports dampens global markets. “In the current weak market environment, which is further intensified by the continuing Chinese import bans on the standard potassium chloride product, adjusting production is […] Read more

Nutrien to idle three Saskatchewan potash mines

Canadian fertilizer giant Nutrien plans to shut down three of its Saskatchewan potash mines for up to two months in the fourth quarter of the year. The Saskatoon company said Wednesday it “expects to proactively take up to eight-week inventory shutdowns” at its mines at Allan, Lanigan and Vanscoy, Sask. during that period. If all […] Read more


CP books higher Q4 grain revenue on reduced handle

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million […] Read more

Chinese firm buys stake in miner SQM from Nutrien

Santiago | Reuters — China’s Tianqi Lithium Corp. has bought a 23.77 per cent share in Chilean miner SQM from Canadian fertilizer giant Nutrien, the Chilean stock exchange said on Monday, for a total sale price of US$4.066 billion. The sale to Tianqi comes as Chinese companies increasingly scour the globe for the raw materials […] Read more