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.

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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Don’t fear potash takeover, Saskatchewan premier tells Germany

The man who was instrumental in blocking a foreign takeover five years ago of Canada’s Potash Corp, the world’s No. 2 producer of the crop nutrient potash, says Germany need not fear Potash’s move to buy German potash miner K+S AG.

In 2010, Brad Wall, premier of the Western Canadian province of Saskatchewan, campaigned against […]

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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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Ex-Santander banker cops $US1.9m fine on BHP deal

A banker tied to BHP Billiton’s failed bid for control of Potash Corp has agreed to settle an insider trading lawsuit in the US, Reuters reports.

The US Securities and Exchange Commission announced the settlement with former Banco Santander executive Cedric Cañas Maillard at the end of last week, with Mr Cañas to pay $US960,806 […]

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Potash Corp. to cut hundreds of jobs in Canada, U.S.

Potash Corp. of Saskatchewan is cutting its workforce by about 18 per cent, affecting 1,045 people — with the biggest hits in its home province of Saskatchewan, as well as New Brunswick and Florida.

The cuts come amid lower prices for potash after Russian-based Uralkali, one of the world’s largest potash producers, quit the Belarusian […]

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Potash price hammered as Russians may flood market

“Uralkali’s announcement completely turns the global potash market upside down,” analyst Elena Sakhnova of VTB Capital in Moscow told Bloomberg.

“If previously global potash producers were acting like an oligopoly, working with the rule that benefited higher potash prices … now the market will be fully competitive.”

A spokesperson for the Saskatchewan government, which derives […]

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PotashCorp stock down 25% after Russian firm reveals plan to sell to China at lower prices

Shares of major North American potash producers fell sharply Tuesday on word that a Russian company is pulling out of a marketing group and is expected to undercut competitors’ prices for the fertilizer.

OAO Uralkali announced Tuesday it was withdrawing from a joint venture with another company from Belarus that set the price for about […]

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Saskatchewan seeks conditions on Glencore’s Viterra bid

The Western Canadian province of Saskatchewan said on Friday it wants Ottawa to impose conditions on Swiss-based Glencore’s C$6.1 billion ($6.1 billion) takeover bid for the country’s top grain handler, Viterra Inc, which is headquartered in Saskatchewan.

The federal Conservative government must decide whether the foreign takeover is of net benefit to the country. The […]

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