Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Mosaic to cut potash production

On Thursday heightened volatility was witnessed in the Mosaic Company which led to swings in the share price. They set a market perform rating and a $44.00 price target on the stock. Mosaic has been losing ground for the past week and a half and sank to a new low for the year. The fertilizer […]

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Almost all big North American potash projects in midwestern Canada

Potash is a major export product on the West Coast. Looking at the top 10 projects by value, only one is in a place other than Saskatchewan. That’s the $1.9-billion mine being built by Passport Potash at Holbrook, Arizona.

If there’s any doubt Saskatchewan dominates potash production in North America, a new report notes […]

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Saskatchewan sees slim 2015-16 surplus, hikes potash taxes

The Western Canadian province of Saskatchewan expects to post a slim budget surplus in the 2015-16 fiscal year, helped by changes in how it taxes potash mining companies, the government said on Wednesday.

The province is home to mines owned by Potash Corporation of Saskatchewan, Mosaic Co and Agrium Inc . Germany’s K+S AG and […]

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Canpotex to invest at Port of Portland terminal

Portland Bulk Terminals, where ILWU Local 8 members load potash for export.

Excerpts from a Port of Portland news release:

Canpotex, through its wholly owned subsidiary, Portland Bulk Terminals, L.L.C. (PBT), is investing up to $140 million in new equipment and infrastructure to improve the efficiency of its shiploading operations and the management of […]

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Manitoba pushes potash

Manitoba is hoping to capitalize on the potash boom the way Saskatchewan has.

The Selinger government is about to invite the world’s potash producers to sink their machines into a western Manitoba mine that could generate $2 billion worth of royalties for the province over the course of 40 years.

The Potash Corporation of Manitoba […]

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Russia’s Uralkali to delay potash expansion if BHP mine proceeds

BHP’s not-yet-final plan for a mine near Jansen, Saskatchewan, that would produce 8 million tonnes annually, would change the global supply and demand picture so dramatically that Russia-based Uralkali would rein in its own expansion plans if BHP goes ahead, Chief Executive Vladislav Baumgertner said in an email exchange with Reuters this week.

Uralkali is […]

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Door swings open for $26 billion Mosaic potash takeover; BPH Billiton seen as top candidate

Mosaic K1 potash mine near Esterhazy, Saskatchewan, Canada. Mosaic is the second largest Northern American producer of potash, with a current valuation of $26 billion. Analysts at Goldman Sachs claim that Mosaic is ‘the best option for an acquirer seeking to gain a foothold in the industry.’

Potash producer Mosaic Co. (NYSE:MOS) is soon to […]

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Agribusiness jeopardizes Latin American family farms

Latin American women Campesina women promoting native seed fairs. Photo by Julio César Mereles/Latin America Press.

Traditional food systems are disappearing as large-scale farming expands.

Farming, as a campesino or indigenous family practice that for centuries ensured natural food on Paraguayan land, is threatened by a small number of producers that are developing a farming […]

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Cargill to Split Off 64% Stake in Mosaic to Holders

Cargill Inc. plans to split off its majority stake in Mosaic Co., North America’s second-largest fertilizer producer, in a $24.3 billion deal that will make Mosaic a takeover target.

Cargill will exchange 179 million Mosaic shares for Cargill stock held by Cargill investors, the companies said today in a statement. Minnetonka, Minnesota-based Cargill will exchange […]

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