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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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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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SEP 13 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 November 12, 2007 to shareholders of record October 22, 2007.
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JUL 26 2007
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced the best quarterly earnings in the history of the company of US $0.88 per share1 ($285.7 million) in the second quarter. These earnings, which would have been $0.09 per share higher if not for the strengthening Canadian dollar, were 42 percent above the previous best of $0.62 per share ($198.0 million) achieved in this year's first quarter and 60 percent more than the $0.55 per share ($175.1 million) earned in the second quarter of 2006, when we recorded certain tax-related benefits of $0.17 per share. These results reflect strengthening price and volume performance in all three nutrients, including a significant increase in potash volumes from last year's second quarter, when China and India delayed purchasing during extended price negotiations. Earnings of $1.50 per share for the first six months of 2007 were 58 percent ahead of the $0.95 per share earned in the first half of 2006.
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JUL 20 2007
PotashCorp's US $1.6-billion potash mine and compaction expansion in New Brunswick is the most recent of several projects strategically implemented to meet the anticipated increase in world demand for this nutrient.
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JUL 20 2007
Allan's construction project was completed earlier this year.
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JUL 20 2007
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced plans for a new 2-million-tonne potash mine and expanded milling operations in New Brunswick, which will raise the company's projected total annual potash capacity to 14.9 million tonnes by 2011. The four-year construction project will begin once necessary regulatory approvals are obtained and has an estimated cost of US $1.6 billion, which includes US $100 million for additional upgraded granular production capability.
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MAY 2 2007
Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its Board of Directors has approved a three- for-one stock split of the company's outstanding common shares. Payable in the form of a stock dividend, all shareholders will receive two additional shares for each share owned on the record date of May 22, 2007.