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.

SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that Canpotex Limited (Canpotex), the offshore marketing company for Saskatchewan potash producers, and Sinofert Holdings Limited (Sinofert), a leading fertilizer enterprise in the People's Republic of China (PRC), have reached an agreement on 2007 prices pursuant to the 2007- 2009 Memorandum of Understanding (MOU) that exists between the two companies. Canpotex ships primarily red standard grade potash, but also supplies certain amounts of white standard grade and granular product. This agreement sets the price for red standard grade potash at US $5 per tonne higher than the 2006 price. Volumes will again be based on 2007 market demand in China, as the MOU provides Canpotex with at least 30 percent market share for potash imported into China. This increase, combined with gains made in the 2006 and 2005 pricing agreements, raises the price of potash to China by a total of US $70 per tonne over the last three years.