Insights and Stories on Potash

May. 20, 2015 at 7:20 pm CDT

New York | Reuters –– U.S. fertilizer producer Mosaic Co. would lose potash sales if Saskatchewan raises taxes on miners, and customers choose competitors from other countries, its CEO said on Wednesday. “If they were to tax more, we would suffer from that, we would sell less, our profits would […]

By Rod Nickel

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

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. 18, 2015 at 8:19 pm CDT

A substantial drop in provincial resource revenue from its oil sector has Saskatchewan holding the line on spending and leaning on its potash sector in its 2015 budget. Finance Minister Ken Krawetz and Ag Minister Lyle Stewart on Wednesday announced a total ag ministry budget of $362.4 million for 2015-16, […]

By Staff