Profile: Potash Corporation of Saskatchewan Inc (POT.TO)

POT.TO on Toronto Stock Exchange

38.70CAD
6 May 2015
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Potash Corporation of Saskatchewan Inc. (PCS) incorporated on May 15, 2002, is an integrated fertilizer and related industrial and feed products company. The Company operates in three business segments: potash, nitrogen and phosphate.

Potash

The Company owns and operates five potash mines in Saskatchewan and one in New Brunswick. The Company produces potash in Saskatchewan for sale outside Canada and the United States. As of 2013, the Company supplied approximately 49.05% of Canpotex’s requirements. Canpotex generally sells potash to private and public firms and government agencies pursuant to contracts at negotiated prices or by spot sales. Potash from the New Brunswick mine is shipped by ocean-going vessels from the Port of Saint John. Truck and rail transport are also used for North American customers. In Canpotex, potash is transported by rail to Vancouver, British Columbia, where port facilities store potash pending shipment, by ocean-going vessels, overseas.

Nitrogen

The Company’s nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. The Company has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. North American sales of nitrogen products represented 82% of the Company’s nitrogen sales and non-fertilizer products accounted for 70% of total nitrogen sales. As of 2013, the Company’s offshore sales of nitrogen products represented 18% of its nitrogen sales. The Company distributes nitrogen products by vessel, barge, railcar, truck and direct pipeline in high consumption areas. It lease or own approximately 68 nitrogen terminal facilities. It distributes products from Trinidad to markets in the United States and also to Latin America and Europe.

Phosphate

The Company’s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. PCS have phosphate mines and mineral processing plant complexes in northern Florida and North Carolina. It also has five phosphate feed plants in the United States and produce phosphoric acid at Geismar, Louisiana facility. As of 2013, North American sales of phosphate products represented 74% of the Company’s total phosphate sales. The customers for fertilizer products are retailers, dealers, cooperatives, distributors and other fertilizer producers. The phosphoric acid and chemical fertilizers produced at the White Springs facility are shipped to North American destinations by rail. Ammonia to White Springs and Aurora is supplied through an ammonia tank lease in Tampa, Florida. Phosphate Rock feedstock is delivered to Geismar from Morocco in ocean-going vessels.

The Company competes with The Mosaic Company, Agrium Inc., Intrepid Potash Inc., Israel Chemicals Ltd. (ICL), Sociedad Quimica y Minera de Chile S.A (SQM), Uralkali, Belaruskali, K+S Group, CF Industries Holdings, Inc., Mississippi Phosphates Corporation, J.R. Simplot Company and Office Cherifien des Phosphates SA (OCP).

Company Address

Potash Corporation of Saskatchewan Inc

122 1st Ave S Suite 500
SASKATOON   SK   S7K 7G3
P: +1306.9338500
F: +1306.9338877

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