Insights and Stories on Mosaic

Apr. 30, 2015 at 12:01 pm CDT

Reuters — North America’s two biggest potash producers, PotashCorp and Mosaic Co., reported larger first-quarter profits on Thursday, but results missed expectations. Saskatoon-based PotashCorp, the world’s biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide. Prices are yet to recover […]

By Reuters

Apr. 7, 2015 at 6:15 pm CDT

Reuters — U.S. fertilizer producer Mosaic Co. boosted its CEO’s pay last year by more than $5 million as a reward for slashing costs and jobs, a regulatory filing shows. Construction of excess potash capacity and fiercer competition have pressured the sector, and leading North American producers Mosaic, PotashCorp and […]

By Rod Nickel

Mar. 30, 2015 at 7:53 pm CDT

U.S. fertilizer firm Mosaic Co. expects Saskatchewan’s new changes to its potash royalty structure to cost the company up to an extra US$100 million in 2015. Minnesota-based Mosaic said Monday its “expected impact” from Saskatchewan’s retroactive move in its 2015 budget will increase the company’s 2015 pre-tax payments by $80 […]

By Staff

Mar. 19, 2015 at 5:35 pm CDT

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 […]

By Rod Nickel

Mar. 10, 2015 at 6:10 pm CDT

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 […]

By Staff