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DEC 18 2007
PotashCorp received the Award of Excellence for Corporate Reporting in the mining sector from the Canadian Institute of Chartered Accountants (CICA). This award, which is based on excellence in financial reporting, corporate governance, electronic disclosure and sustainable development reporting, was given at the CICA Corporate Reporting Awards luncheon on December 5, 2007 at the Metro Convention Centre in Toronto.
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DEC 14 2007
PotashCorp’s governance practices were ranked among the best in Canada by Report On Business magazine’s review of Canadian corporate leadership.
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DEC 5 2007
PotashCorp today continued to be recognized as a leader in corporate transparency as its 2006 corporate reporting was given the Award of Excellence in the Mining Category from the Canadian Institute of Chartered Accountants (CICA).
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DEC 1 2007
The United Way of Saskatoon and area will receive a grand total of $244,337, thanks to the generosity of PotashCorp's Saskatoon-area employees and the company's matching gift program.The employee giving campaign has been a yearly event where PotashCorp employees raise funds for the United Way. In 2007, the campaign grew in both size and scope, as the number of leadership contributions - gifts of more than $1,000 - jumped from 13 last year to 24 this year.In total, PotashCorp employees at Saskatoon, Cory, Allan and Patience Lake combined to contribute a company-record $122,033, representing a 30-percent increase from 2006. With the company's matching-gift program and additional non-matching donations factored in, the total donation was $244,337."This was a major milestone for us as it was the first time employee giving surpassed $100,000," said Brian Waters, Campaign Chair and Manager, Facilities, PotashCorp. "By giving, we support those in need in the communities where we operate."* To find out more about PotashCorp's corporate giving, visit the Where We Gave section of our website.
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NOV 14 2007
The announcement of PotashCorp’s 2-million-tonne capacity expansion at Rocanville is one more step in the continuing execution of our Potash First strategy.
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NOV 14 2007
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced plans for a 2-million-tonne mine and mill expansion at Rocanville, SK, that will raise the company's total annual potash capacity to 15.7 million tonnes by the end of 2012, which is three years earlier than previously announced. By leveraging off the existing facilities and infrastructure at Rocanville, which we believe is one of the lowest-cost production facilities in the world potash industry, we expect to complete the project in less than five years at an estimated cost of US $1.8 billion. This would be significantly faster and over 25 percent less expensive than comparative greenfield capacity, and will help maintain Rocanville's already low-cost position.
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NOV 14 2007
Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable February 11, 2008 to shareholders of record January 21, 2008.
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NOV 1 2007
Ivan K. “Tex” Gilmore, Superintendent of Mine Planning and Chief Geologist at PCS Phosphate in Aurora, has received the John T. Galey Sr. Memorial Public Service Award from the American Institute of Professional Geologists (AIPG).The award, presented to Gilmore at the AIPG’s annual meeting in Traverse City, Michigan in early October, recognizes Gilmore’s outstanding contributions in areas outside of his work. Gilmore, who has been employed at PCS Phosphate since 1982, says he is very honored and humbled to win an award that recognizes his work with the Aurora Fossil Museum and the state geology licensing board, where he served for six years, including one as chairman.But he said the award also recognizes his volunteer work teaching science at Washington High School and coaching the kids for competitions. And here, he says, it’s the kids who deserve an award. Although Washington is a small school in a large state, the kids have done very well in state and national contests.“We’ve taken on all the top dogs and pretty much whupped them soundly,” said Gilmore. “(These kids) have represented the state of North Carolina an unprecedented three years in a row.”Gilmore said he used part of his acceptance speech in Traverse City to tell his fellow geologists about PotashCorp and the fine contributions the company makes to the public.“I said I’m really proud that the company I work for recognizes the fact that educational outreach programs are important, not just to the community, but to everybody.”In the interview, Gilmore explained that the oversize material at PotashCorp’s Aurora facility “are loaded” with fossil material that teachers can use to incorporate earth science studies into their programs. But he said the “center stage” of PotashCorp’s educational outreach work is the Aurora Fossil Museum, where PotashCorp is a partner with the museum and the Town of Aurora.“I think one of the neatest things we were able to do was help the museum here – it’s growth has just skyrocketed,” said Gilmore, a board member for the facility. “I’ve really enjoyed working with the museum.”Gilmore, who lives with his wife Diana and their 10-year-old golden retriever, said he was only five years old when he set his course towards geology. Flintstone was abundant in the Ohio region where he grew up. One day, he said, he struck two flints together.“I always tell everyone that when I saw that spark, it lit a fire in me. And it still burns today.”
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OCT 25 2007
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced record third-quarter earnings of $0.75 per share1 ($243.1 million), a 63-percent increase over the $0.46 per share ($145.2 million) earned in the same period last year. These earnings were the second-highest quarterly total in PotashCorp history. They would have exceeded the record earnings of this year's second quarter if not for the net negative impacts of a strengthening Canadian dollar ($0.07 per share, primarily non-cash) and an increase in the company's consolidated income tax rate ($0.10 per share) – which may revert to the previous rate over future quarters.
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OCT 1 2007
Battling torrential rains that turned into sleet and winds powerful enough to blast fellow cyclists right off their bikes, Patty Bruce resolved to press on for the cause she holds dear."I told myself 'I'm not going to quit; I'm not going to quit'," says Bruce, recalling her participation in the inaugural Pembina Valley Challenge bike tour to raise money for multiple sclerosis (MS). "I told myself that I can put up with this for one day, when people with MS put up with it every day."Bruce's May tour through the Manitoba valley was one of three, two-day cycling events the PCS Rocanville employee undertook in 2007 to raise money for MS, a chronic disease that damages the central nervous system. Symptoms can include changes in sensation, muscle weakness, vision problems, depression, severe fatigue, cognitive impairment and pain. Its cause is unknown. All three tours were demanding; they averaged more than 150 km in distance. But the Pembina Valley Challenge, in particular, lived up to its name. "It was so windy, people were being knocked off their bikes," said Bruce, adding she covered her feet with plastic grocery bags in an attempt to stay dry. "It was the coldest I've ever been in my life."Bruce, who lives with her husband Michael in Moosomin, SK, located near the provincial boundary with Manitoba, set a goal of $5,000 as the total she wanted to raise in the tours. Her final pledge tally, after rides in August and September, was more than $6,500, with about $2,000 of that coming from PotashCorp's Matching Gift program and another $500 coming as an outright donation from PCS Rocanville. Rocanville Division and Bruce's co-workers "are very good to me," she says.MS bike tours typically take place over a weekend, with cyclists beginning the ride on Saturday morning, spending the evening in a hotel and cycling back to the starting point the next day. Sponsors provide a nice meal and social gathering on Saturday evening. But riders cover their own costs for expenditures such as travel and hotel rooms. For the average ride, that's $400 to $500 out of Bruce's pocket. At 48, the mother of two adult daughters says she's been cycling in earnest for about four years. She took up the MS cause after observing participants in the annual Riding Mountain Provincial Park event several years ago. She was also motivated by people she knows who are forced to live with MS. A female co-worker with early-stage MS, for example, cannot drive to work some days because her eyesight is so poor. There's also the sad case of a man she went to school with."He's going along through life, got three or four kids, and one day he goes to the doctor because he's not feeling very well. Stage 4 MS - rapid MS. He rides one of those little scooters now; hasn't been to work since."During milder months, Bruce stays in shape for MS bike tours by peddling to the Rocanville mine site from her home in Moosomin. That's a 42-km ride that takes about 75 to 80 minutes - she usually gets a lift home in a co-worker's truck. Even with all the early-morning training and the hardships endured on the fundraising rides, Bruce has no qualms about her chosen path. She was moved to tears recently watching a video on the lives of people who are stricken with MS; individuals expressing appreciation for her efforts have humbled her.One of the latter is an MS sufferer from Moosomin who lives on a fixed income. After an article about Bruce appeared in the local newspaper, the woman mailed Bruce a $500 check."I phoned her up and said 'you don't have to do this.' She said it's the least she could do 'if you're willing to spend your time and energy to help me get better."'That, says Bruce, makes the rain, sleet and pain worthwhile.