Ingredients for Growth: Our Potash First StrategyBy Enriching the Soil, We Enrich Our StakeholdersJust as potash, nitrogen and phosphate have specific roles in plant development, each makes a unique contribution to PotashCorp's growth. Our strategies are designed to capitalize on the distinct advantages we hold in each nutrient in order to increase earnings and minimize volatility over the long term. Following a Potash First strategy has given us an unparalleled position in this nutrient and distinguished us from our global peers. Potash is the nutrient with the greatest growth potential and, with 22 percent of the world’s capacity and 75 percent of its unused capacity, we are well positioned to capitalize on the expected long-term rise in global demand. We complement our potash business with focused nitrogen and phosphate strategies and offshore potash investments that improve our global reach. In Trinidad, our large facility, our long-term, lower-cost gas contracts and our strategic location combine to help us meet the rising demand for nitrogen in the US, the world’s largest nitrogen importer. Our superior-quality phosphate rock gives us the flexibility to vary our production among fertilizer, animal feed and industrial products to capture the greatest gross margin while minimizing volatility. |

