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A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Markets, Reuters

BHP delaying decision on Saskatchewan potash project

Jansen mine decision to be delayed by a few months

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Melbourne | Reuters — BHP Group expects to present its board with a decision on whether to proceed with its Jansen potash project in Saskatchewan in a few months’ time — rather than mid-year — after choosing between two port options, an executive said on Thursday. The world’s biggest miner has estimated the project at […] Read more
Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops, Reuters

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a […] Read more
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets, Reuters

Flood risk forces Mosaic to shut Esterhazy potash shaft

Company to restart Colonsay mine

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to […] Read more
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Reuters

BHP reported in talks with Nutrien on potash partnership

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Reuters — BHP Group is in discussions with fertilizer maker Nutrien about a partnership in the miner’s massive potash project in Saskatchewan, Bloomberg reported Wednesday, citing sources. Potential options include Nutrien acquiring a stake in BHP’s mine at Jansen, Sask., or becoming the mine’s operator and selling the potash through its channels, the report said, […] Read more
Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)
Crops, Reuters

New Nutrien CEO to carry out current strategy

Schmidt to focus on potash price over boosting sales

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Winnipeg | Reuters — Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices […] Read more
Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)
Crops

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

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Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO […] Read more
(File photo by Dave Bedard)
Crops, Markets, Reuters

Nutrien beats profit expectation on strong potash sales

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Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops, Markets

High fertilizer prices likely to climb more

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MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices have jumped $100 per tonne […] Read more
BHP’s Saskatchewan potash mine project is set up north of Jansen, about 65 km southeast of Humboldt. (BHP.com)
Crops, Markets

BHP covers added costs for potash project

Long-awaited decision by BHP board now expected mid-2021

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“Challenges” in completing the shafts for its Saskatchewan potash project have led the world’s biggest mining company to top up the project budget by 10 per cent. BHP, in an operational review document released Tuesday for its quarter ending Sept. 30, said its board has approved another $272 million to complete the watertight concrete and […] Read more

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