In a move that delivered a one-two punch to North American potash producers' share prices, Russia's Uralkali announced that it will no longer be selling potash through Belarusian Potash Company.
Articles Tagged "Agrium"
The Star Phoenix reported that a worker was killed in an accident at Agrium's potash mine west of Saskatoon over the weekend. As quoted in the market report:
Canpotex Limited announced that construction of their state-of-the art Railcar Maintenance Facility in Saskatchewan is done and that operation has begun.
Mining Weekly reported that Canadian Competition Bureau's review of Agrium's proposed purchase of Viterra assets has shown that it is within the necessary time frame, but they cannot assume at this point what the ruling will be.
Mining Weekly reported that last month's shareholder meeting in which Jana Partners expected to be voted to the board of Agrium, but instead got swept out of the vote altogether bring to light the emergence of likely proxy battles for mining companies in the current environment.
The Calgary Herald reported that Agrium was successful in holding activist shareholder Jana Partners LLC at bay during their recent AGM, with all of Jana's nominees rejected in the board elections
If optimistic forecasts for corn, soybean and wheat crop production hold, farmers could pursue strong phosphate application this spring.
Reuters reported that Agrium believes that North American potash producers will be able to arrange a deal with Indian importers by this spring.
The Financial Post reported that Agrium has rejected all of shareholder Jana Partners LLC proposals, saying that they would detract significantly from shareholder value.
The Financial Post reported that RBC Capital Markets raised their 2012, 2013 and 2014 earnings estimates for Agrium.