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Potash Corporation of Saskatchewan Inc (POT.TO)

POT.TO on Toronto Stock Exchange

24.38CAD
17 Nov 2017
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$0.08 (+0.33%)
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Latest Key Developments (Source: Significant Developments)

Agrium and PotashCorp receive regulatory approval in China
Tuesday, 7 Nov 2017 12:00pm EST 

Nov 7 (Reuters) - Agrium Inc ::Agrium and PotashCorp announce receipt of regulatory approval in China.Regulatory review, approval process for potashcorp deal continues in U.S. and companies expect to close deal by end of Q4 2017​.Approval also conditioned on commitment to convert PotashCorp's equity interest in sinofert to passive investment prior to merger closing.Approval conditioned on commitment to divest PotashCorp's holdings in Arab Potash Co, Sociedad Quimica Y Minera De Chile in 18 mnths from closing.  Full Article

Potash Corp CEO sees big interest in sale of SQM stake
Thursday, 26 Oct 2017 01:35pm EDT 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking on a conference call on Thursday, said::Potash Corp encouraged by market conditions for selling SQM stake.New company Nutrien may use sale proceeds from equity stakes to pay debt, return value to shareholders or M&A.Potash Corp sees 'significant interest' in buying company's SQM stake.  Full Article

Potashcorp reports Q3 earnings per share $0.06
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc :Potash Corp reports third-quarter earnings of $0.06 per share.Q3 earnings per share $0.06.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Potash Corp - ‍full-year 2017 earnings guidance range adjusted to $0.48-$0.54 per share, including merger-related costs of $0.08 per share​.Potash Corp - ‍ Expect merger of equals with agrium to close by end of Q4 of 2017​.Potash Corp - ‍Third-quarter earnings included $0.03 per share related to a non-cash impairment charge in phosphate​.Potash - ‍Global Potash prices improved for fifth consecutive quarter as agronomic need and affordability led to "strong" demand in all major markets​.Potash Corp qtrly sales $‍1,234​ million versus $1,136 million.Q3 revenue view $1.02 billion -- Thomson Reuters I/B/E/S.Potash Corp - ‍In Nitrogen, "tighter" market fundamentals late in the quarter supported a recovery in prices from multi-year lows​.Potash Corp - For Potash, ‍sales volumes for quarter reached 2.9 million tonnes​.Potash Corp - ‍ Maintained anticipated Potash global shipment range for 2017 at 62 million tonnes - 65 million tonnes​.Potash Corp - ‍Phosphate fertilizer markets witnessed moderate appreciation during the quarter, supported by stronger engagement from India​.Potash Corp - ‍ In North America, Potash demand continues to be robust as growers address nutrient needs and capitalize on strong affordability​.  Full Article

Arab Potash says PotashCorp plans to merge with Agrium
Sunday, 22 Oct 2017 01:26am EDT 

Oct 22 (Reuters) - ARAB POTASH CO ::SAYS POTASHCORP ANNOUNCES ITS PLAN TO MERGE WITH CANADIAN FERTILIZER COMPANY AGRIUM.SAYS COMPETITION COMMISSION OF INDIA APPROVES MERGER PROVIDED POTASHCORP DIVESTS STAKE IN GLOBAL INVESTMENTS INCLUDING ITS STAKE IN ARAB POTASH.  Full Article

Agrium and Potashcorp receive regulatory approval in India
Wednesday, 18 Oct 2017 05:35pm EDT 

Oct 18 (Reuters) - Agrium Inc ::Agrium and Potashcorp announce receipt of regulatory approval in India.Potash Corporation of Saskatchewan Inc and Agrium Inc expect to close transaction by end of Q4 of 2017​.Regulatory review and approval process continues in U.S. and China for proposed merger with Potashcorp​.  Full Article

Agrium and Potashcorp provide update for proposed merger of equals
Thursday, 7 Sep 2017 08:00am EDT 

Sept 7 (Reuters) - Potash Corporation Of Saskatchewan Inc :Agrium and Potashcorp provide update for proposed merger of equals.‍Regulatory review and approval process has progressed in all remaining jurisdictions.​.‍Now expect to close transaction by end of Q4 of 2017​.‍In canada and U.S., parties are working with canadian competition bureau and FTC to resolve final issues in superphosphoric acid, nitric acid​.‍Remedies under consideration are not expected to impact estimated $500-million of annual operating synergies​.‍"Both companies remain highly confident in consummating merger of equals​".‍Informed that China's MOFCOM, India's CCI intend to condition deal approvals on divestment of some of Potashcorp's offshore minority ownership interests​.  Full Article

Agrium Q2 adjusted EPS $4.09
Wednesday, 9 Aug 2017 06:48pm EDT 

Aug 9 (Reuters) - Agrium Inc :Qtrly adjusted earnings per share $4.09 .Qtrly retail sales were $5.7 billion versus $5.8 billion in Q2 2016.Sees FY 2017 earnings per share $4.75 to $5.25.Q2 net earnings to equity holders of Agrium $4.03 per share diluted.Qtrly sales $6,319 million versus $6,415 million last year.Agrium Inc - FY17 total capital expenditures are expected to be in range of $650-million to $700-million.Says lowered upper end of our annual guidance range due to an expected weak nitrogen pricing environment.Agrium Inc - potash production in 2017 is now expected to range between 2.5 million and 2.7 million tonnes.Updated FY 2017 retail EBITDA range from $1.150-billion to $1.20-billion compared to previous guidance of $1.125-billion to $1.250-billion.Sees 2017 nitrogen production to range between 3.5 million tonnes to 3.6 million tonnes.Nitrogen sales volumes were 1.2 million tonnes in q2 versus 1.2 million tonnes last year.Potash sales volumes were 714,000 tonnes in q2 versus. 697,000 tonnes last year.Agrium Inc - qtrly total wholesale sales $848 million versus $882 million in Q2 2016.Completion of merger with PotashCorp anticipated near Q3 end.Q2 earnings per share view $4.01, revenue view $6.30 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $4.87, revenue view $13.79 billion -- Thomson Reuters I/B/E/S.  Full Article

Israel Chemicals Q2 profit dips
Thursday, 3 Aug 2017 02:25am EDT 

Aug 3 (Reuters) - ICL Israel Chemicals Ltd ::Q2 revenue $1.32 billion versus $1.38 billion previous year.Q2 net income $57 million versus $120 million previous year.Q2 revenue view $1.32 billion, net profit view $90.8 million -Thomson Reuters I/B/E/S.Says recorded provision "in an immaterial amount" to cover short-term costs of spill at Rotem Amfert plant.  Full Article

Potash Corp of Saskatchewan not planning potash output cuts-CEO
Thursday, 27 Jul 2017 12:08pm EDT 

July 27 (Reuters) - Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking on a conference call, said: :Potash Corp has not been approached by China-based interests for its SQM stake.Potash Corp will maintain potash market share as demand grows, has flexibility to raise output.Potash Corp has no intention to make significant cuts to potash production.  Full Article

PotashCorp Q2 earnings per share $0.24
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Potash Corporation Of Saskatchewan Inc ::PotashCorp reports second-quarter earnings of $0.24 per share.Q2 earnings per share $0.24.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Reaffirms FY 2017 earnings per share view $0.45 to $0.65.Potash Corp - ‍expect merger of equals with agrium to close late in Q3 of 2017​.Potash Corp - full-year 2017 guidance maintained at $0.45-$0.65 per share, including merger-related costs of $0.06 per share.Potash Corp - ‍full-year 2017 guidance maintained at $0.45-$0.65 per share, including merger-related costs of $0.06 per share​.Potash Corp Q2 sales $1,120 million versus $1,053 million."global potash markets continued to improve through Q2".Potash Corp - for potash, ‍sales volumes for quarter (2.4 million tonnes) exceeded those for comparable periods in 2016.Potash Corp sees FY 2017 capital expenditures about $600 million."in nitrogen, startup of new global capacity had a negative impact on market fundamentals during quarter".Potash Corp - ‍increased anticipated potash global shipment range to 62-65 million tonnes for 2017​.Potash Corp - ‍average realized potash price of $174 per tonne for Q2​.Potash - "despite strong demand in Latam, global phosphate markets remained subdued in Q2 largely due to increased supply and lower shipments to India".Potash Corp - for nitrogen, ‍sales volumes of 1.6 million tonnes for quarter were 6 percent higher than those in same period of 2016​.  Full Article

UPDATE 1-Canada's Agrium posts bigger-than-expected 3rd-qtr loss

Nov 7 Canadian fertilizer maker Agrium Inc , the world's biggest farm retailer, reported a bigger-than-expected quarterly loss as demand for its products was reduced by severe dry weather in Australia and Canada.