Edition:
United States

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

POT.TO on Toronto Stock Exchange

21.86CAD
--
Change (% chg)

-- (--)
Prev Close
$21.86
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,983,728
52-wk High
$26.62
52-wk Low
$19.93

Potash Corporation of Saskatchewan Inc. (PCS), incorporated on May 15, 2002, is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, the Company owned and operated five potash operations in Saskatchewan and owned one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. 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. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. As of December 31, 2016, the Company had four phosphate feed plants in the United States and produced phosphoric acid at its Geismar, Louisiana facility.

Potash

The Company's potash operations include the mining and processing of potash, which is used as fertilizer. The potash ore is contained in a rock salt formation known as the Prairie Evaporite, which lies approximately 1,000 meters below the surface. The evaporite deposits, which are bounded by limestone formations, contain potash beds of approximately 2.4 to 5.1 meters of thickness. The potash deposits that occur in the Province are the Esterhazy, Belle Plaine and Patience Lake Members. The Patience Lake Member is mined at the Lanigan, Allan, Patience Lake and Cory mines, and the Esterhazy Member is mined at the Rocanville mine. The Company produces potash using both conventional and solution mining methods. As of December 31, 2016, the Company's conventional potash operations mined 26.95 million tons of ore at an average mineral grade of 22.96% potassium oxide (K2O). As of December 31, 2016, its potash production from its operations consisted of 8.60 million tons of potash (potassium chloride (KCl) or finished product) with an average grade of 60.97% K2O. In addition to potash production, its New Brunswick operations also produced approximately 329,000 tons of sodium chloride (salt) as of December 31, 2016.

Nitrogen

The Company's nitrogen operations include the production of nitrogen fertilizers and nitrogen chemicals. Its products are used for agricultural, industrial and animal nutrition purposes. As of December 31, 2016, the Company had four nitrogen production facilities, of which three were located in the United States and one was located in Trinidad. The Company's plant locations are Augusta, Georgia, which produces ammonia, urea, nitric acid, ammonium nitrate and nitrogen solutions; Geismar, Los Angeles, which produces ammonia, nitric acid and nitrogen solutions; Lima, Ohio, which produces ammonia, urea, nitric acid and nitrogen solutions, and Point Lisas, Trinidad, which produces Ammonia and urea. The ammonia is used to produce a line of upgraded nitrogen products, including urea, nitrogen solutions, ammonium nitrate and nitric acid. Ammonia, urea and nitrogen solutions are sold as fertilizers to agricultural customers and to industrial customers for a range of applications. Nitric acid and ammonium nitrate are sold to industrial customers for a range of applications. Urea is also sold for feed applications.

Phosphate

The Company mines phosphate ore and manufactures phosphoric acid, solid and liquid fertilizers, animal feed supplements, purified phosphoric acid, which is used in food products and industrial processes, and hydrofluosilicic acid (HFSA). The Company conducts its phosphate operations primarily at two facilities, including a 75,212-acre facility near Aurora, North Carolina and a 99,588-acre facility near White Springs in northern Florida. As of December 31, 2016, the Aurora facility included 5.4 million ton per-year mining operation, three sulfuric acid plants, four phosphoric acid plants, four purified acid plants, a liquid fertilizer plant, four superphosphoric acid (SPA) plants, a deflourinated merchant grade acid plant (DFMGA), a low magnesium SPA plant (LOMAG), a defluorinated phosphate (DFP) or animal feed plant, and two granulation plants capable of producing diammonium phosphate (DAP) or monoammonium phosphate (MAP).

The White Springs facility includes a mine, the Swift Creek chemical complex and MAP. As of December 31, 2016, the Swift Creek chemical complex consisted of two sulfuric acid plants, one phosphoric acid plant, one SPA plant and one LOMAG plant. At its Geismar, Louisiana facility, the Company manufactures phosphoric acid. The Geismar facility has a phosphoric acid plant and a liquid fertilizer plant. The Company extracts phosphate ore using surface mining techniques. Its other phosphate properties include animal feed plants in Marseilles, Illinois; Joplin, Missouri; Weeping Water, Nebraska; a technical and food grade phosphate plant in Cincinnati, Ohio, and a terminal facility at Morehead City, North Carolina. It produces MGA at Aurora, White Springs and Geismar facilities.

The Company competes with Agrium Inc., Belaruskali, Israel Chemicals Ltd., Intrepid Potash Inc., K+S Group, The Mosaic Company, Sociedad Quimica y Minera de Chile S.A., Uralkali, Arab Potash Company, CF Industries Holdings, Inc., CVR Partners, L.P., Koch Industries, Inc., LSB Industries, INC., OCI N.V., OCP S.A, The Mosaic Company, J.R. Simplot Company and Innophos Holdings, Inc.

Company Address

Potash Corporation of Saskatchewan Inc

122 1st Ave S Suite 500
SASKATOON   SK   S7K 7G3
P: +1306.9338500
F: +1306.6522699

Company Web Links