The Globe and Mail reported that there is a certain irony for PotashCorp, who is currently battling with the government of Israel for their proposed takeover of ICL, in that the very economic force that is creating difficulty for them now was what helped to block BHP's takeover of them in 2010, when the Canadian government decided that the move was not to Canada's economic benefit.
The Financial Post reported that this week's pricing cuts by PotashCorp of Saskatchewan for U.S. customers were surprising, given their rash of recent mine shutdowns.
The Globe and Mail reported that PotashCorp of Saskatchewan has pledged $35-million to fund the creation of a new food security institute, which will be a joint program between the University of Saskatchewan and the Saskatchewan
Reuters reported that PotashCorp is identifying a number of hurdles that stand in their way of their takeover of ICL, although they fail to name them outright.
Reuters reported that PotashCorp has forecast global potash shipments to increase in 2013.
Bloomberg reported that if PotashCorp's deal to purchase Israel Chemicals Ltd. (ICL) goes through, it would grant them 25 percent of the global potash supply, putting them at on top of other players in the industry.
Canadian Business reported that PotashCorp is in engaging in talks with Israeli government officials to increase its stake in Israel Chemical Ltd, which has an annual production capacity of six million tonnes of potash.
The Business Insider reported that resource-rich Saskatchewan is leading the way for mining in Canada, after Quebec's recent election of the Parti Quebecois likely means that provincal investment in mining will be scaled back in that province.
Canadian Business reported that Potash Corp (TSX:POT, NYSE:POT) says that delayed sales from India and China will result in earnings below the low end of their previous target, and in some temporary mine shutdowns
The Globe and Mail reports that CIBC has slashed its price targets for Potash Corp (TSX:POT, NYSE:POT) and Mosaic Co. (NYSE:MOS) attributing the shift to a likelihood that supply will outpace demand.
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