GFM Network News

Vale, Yara deny talks over fertilizer unit stake

Brasilia | Reuters — Vale SA denied a report on Wednesday that it was negotiating a sale of fertilizer assets to Norway’s Yara International as the Brazilian miner seeks to raise cash following its biggest quarterly loss in decades. Valor Economico, a Brazilian business newspaper, reported Vale could sell a minority stake in its fertilizer […] Read more

Fertilizer maker Yara to cut costs, raise investments

Oslo | Reuters –– Norwegian fertilizer maker Yara plans to cut operating costs and raise investments to become more competitive and grow its business, it said in an update ahead of an investor meeting on Tuesday. The company raised its estimate for 2016 capital expenditure to 17.9 billion Norwegian crowns (C$2.8 billion) from previous guidance […] Read more

Yara to buy Agrium fertilizer upgrading plant

Canadian fertilizer firm Agrium has a buyer lined up for a U.S. nitrogen upgrading site it’s been looking to sell since April. Oslo-based fertilizer giant Yara said Thursday it’s made a deal to buy Agrium’s West Sacramento Nitrogen Operations plant for US$27 million (C$36 million) and use the facility instead as an import terminal for […] Read more

CF ends merger talks with Yara

Reuters — U.S. fertilizer firm CF Industries said it has dropped merger talks with Norway’s Yara International after the fertilizer makers were unable to agree on terms of a deal. Yara and CF said last month they were in early-stage talks about a “merger of equals” that would create a US$27 billion rival to the […] Read more