Insights and Stories on PotashCorp

May. 21, 2015 at 4:36 pm CDT

New York | Reuters –– PotashCorp CEO Jochen Tilk said Thursday he views the company’s stakes in fertilizer companies Sinofert and Arab Potash Co. as “strategic,” but continues to review whether to keep its shares in ICL and SQM. Tilk, speaking at a BMO investor conference in New York, said […]

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

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. 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. 19, 2015 at 10:17 am CDT

Reuters — Shares in Chilean fertilizer group SQM plunged Wednesday after three board representatives from Saskatchewan’s PotashCorp resigned in protest at its handling of an illicit payments scandal that has shaken the Chilean establishment. SQM vice-chairman Wayne Brownlee, the chief financial officer at PotashCorp, and two directors stepped down late […]

By Rod Nickel, Rosalba O'Brien