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DEC 11 2003
SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported that Canpotex Limited has signed a 1.5 million tonne contract with Sinochem, China's largest potash importer, for 2004 sales. This agreement represents the first year of its three-year Memorandum of Understanding signed in August 2003. The agreement includes a 10 percent option and provides a price increase of US $3.00 per tonne. China purchases product in Vancouver and is responsible for ocean freight costs, which have risen dramatically in 2003. This price increase reflects a higher realized price for potash, rather than an offset against ocean freight.
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NOV 20 2003
SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable February 13, 2004 to shareholders of record January 23, 2004.
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OCT 22 2003
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash
SASKATOON, SK (Canada NewsWire via COMTEX) – Third-quarter impairment and shutdown charges contributed to a quarterly net loss of $185.9 million or $3.57(1) diluted loss per share for Potash Corporation of Saskatchewan Inc. (PotashCorp). Net income, adjusted to exclude impairment charges and shutdown- related costs recorded in the third quarter, was $15.9 million(2), or a diluted net income per share of $0.30(2), as compared to diluted net income per share of $0.28 in the same period of 2002.(1) The third-quarter impairment charges and shutdown-related costs totalled $201.8 million ($262.0 million before tax) and pertained to asset write-downs, workforce reductions, and contract terminations at the Company's Yumbes, Geismar, Memphis, and Kinston properties.
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OCT 16 2003
SASKATOON, SK, PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has, through a wholly- owned subsidiary, purchased from Jordan Investment Corporation (JIC), an arm of the Jordanian government, 26 percent of the shares of Arab Potash Company (APC) for approximately US $173 million. APC is publicly traded on the Amman Stock Exchange.
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OCT 14 2003
SASKATOON, SK, PRNewswire-FirstCall via COMTEX – In response to published reports, Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that negotiations continue with respect to the purchase of 26 percent of the shares of Arab Potash Company from Jordan Investment Company. While negotiations are proceeding favorably, no agreement has been reached and there can be no guarantee that an agreement will be reached.
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SEP 18 2003
SASKATOON PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable November 14, 2003 to shareholders of record October 24, 2003.
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AUG 27 2003
SASKATOON, (Canada NewsWire via COMTEX) – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has provided to Sociedad Quimica y Minera de Chile S.A. (SQM) an irrevocable option to acquire PotashCorp's interest in PCS Yumbes S.C.M. (PCS Yumbes). PCS Yumbes, acquired in 1999, holds mining concessions on certain sodium nitrate reserves in the Atacama Desert in northern Chile and is a producer of potassium nitrate, sodium nitrate and iodine. SQM, a public company in Chile, is in the specialty fertilizer, iodine and lithium business. PotashCorp currently holds approximately 20 percent of the issued and outstanding equity of SQM. Since PotashCorp's purchase of shares in 2001 and 2002 and based on current market value, the cumulative total shareholder return(1) to PotashCorp is approximately 25 percent.
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AUG 15 2003
SASKATOON PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that, after industry consultations, the Government of Saskatchewan has modified its resource tax to eliminate the profits tax on incremental tonnes and allow a quicker writedown on capital investments, retroactive to January 1, 2003. The base tax remains intact, but the Government has committed to work toward simplifying its tax structure for the potash industry over the next two years.
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AUG 7 2003
SASKATOON PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported that Canpotex Limited has signed a three-year Memorandum of Understanding (MOU) with Sinochem, China's largest potash importer. The MOU states that over the next three calendar years Canpotex will ship a minimum of 1.5 million tonnes annually (plus a 10-percent option) at a price to be negotiated each year based on market circumstances. The MOU allows for growth as it guarantees that Canpotex will maintain its historical market share over the three-year period. Canpotex will supply the Chinese market through Sinochem exclusively during the period.
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JUL 24 2003
SASKATOON, SK CNW – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter net income of $29.9 million or diluted earnings per share of $0.57, more than double the $11.9 million or $0.23 per share earned in the same period last year. Volumes were up in all three nutrients, but the main contributors to better earnings were higher nitrogen prices and the gas hedge realization.