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PotashCorp

Potash Corporation of Saskatchewan Inc., known as PotashCorp, was a Canadian multinational corporation and the world's largest producer of potash fertilizer by capacity, also manufacturing nitrogen and phosphate products essential for crop nutrition.^[1]^[2] Founded on February 4, 1975, by the government of Saskatchewan as a provincial Crown corporation to consolidate and develop the region's vast potash reserves amid global supply concerns, it transitioned to private ownership through partial share sales starting in 1989, fully privatizing by the mid-1990s.^[3]^[4] Headquartered in Saskatoon, Saskatchewan, PotashCorp expanded globally through acquisitions, operating six potash mines—five in Saskatchewan and one in New Brunswick—while achieving low-cost production advantages from its proximity to the world's largest high-grade potash deposits.^[5]^[6] The company played a pivotal role in Saskatchewan's economy, contributing significantly to provincial revenues and employment, and grew into an integrated fertilizer giant by the 2000s, supplying markets worldwide despite periodic antitrust investigations over potash pricing coordination with competitors.^[7]^[8] In September 2016, PotashCorp announced a merger of equals with Agrium Inc., completed in 2018 to form Nutrien Ltd. in a transaction valued at approximately $36 billion, enhancing vertical integration but requiring divestitures of assets to address competition concerns in potash and other nutrients.^[9]^[10]^[11]

Overview

Founding and Initial Purpose

The Potash Corporation of Saskatchewan (PCS) was established on February 4, 1975, as a provincial Crown corporation by the government of Saskatchewan under Premier Allan Blakeney's New Democratic Party administration.^[12]^[3] This creation followed the enactment of The Potash Corporation of Saskatchewan Act (S.S. 1975, c. 1), which empowered the corporation to acquire, develop, operate, and market potash mines and related properties within the province.^[13] The move addressed Saskatchewan's dominant position in global potash reserves—holding approximately 30% of known world deposits—while countering the foreign ownership and limited local benefits from existing private producers, many of which were U.S.-based and resisted provincial demands for expanded production and increased Canadian equity participation.^[12]^[3] The initial purpose of PCS was to function as a commercial entity focused on potash production and marketing, thereby securing greater control over the resource for provincial economic benefit rather than relying on private firms' discretionary investments.^[3] This involved expropriating assets from non-compliant private operators through negotiated purchases or vesting orders, aiming to boost output capacity amid rising global fertilizer demand driven by agricultural expansion.^[12] The corporation was not intended as a regulatory body but as a profit-oriented operator to compete in North American and international markets, with sales directed primarily toward fertilizer applications where potash serves as a key potassium nutrient for crop yields.^[3] By design, PCS sought to integrate vertically from mining to distribution, including foreign sales channeled through the existing marketing cooperative Canpotex, to maximize returns for Saskatchewan while mitigating the risks of market volatility in commodity prices.^[12] In its formative phase, PCS rapidly expanded by acquiring key assets, such as the Duval Mine (renamed Cory Division) and Sylvite Mine (renamed Rocanville Division), which elevated its production to over 540,000 tons annually by 1977, positioning it as North America's second-largest producer.^[12]^[3] These steps fulfilled the founding mandate of resource stewardship, employing over 1,100 workers and generating initial profits of US$890,000 on US$22 million in sales during its first full fiscal year (1976–77), underscoring the viability of state-led commercialization in a sector previously hampered by fragmented private control.^[12]

Core Products and Production Processes

PotashCorp's core products consisted of the three primary crop nutrients: potash in the form of potassium chloride (KCl), nitrogen-based fertilizers including ammonia, urea, nitric acid, ammonium nitrate, and urea ammonium nitrate (UAN), and phosphate fertilizers such as phosphoric acid, monoammonium phosphate (MAP), and diammonium phosphate (DAP).^[7]^[14] These products supported global agriculture by enhancing crop yields and nutrient uptake.^[7] Potash production primarily occurred at underground mines in Saskatchewan, Canada, utilizing conventional shaft mining techniques with two- and four-rotor continuous boring machines to extract ore from depths of approximately 1,000 meters.^[15] The extracted ore, consisting mainly of sylvite (KCl) interbedded with halite (NaCl), was transported via conveyor belts to underground storage, then hoisted to the surface for processing.^[6] Milling reduced the ore size, followed by flotation or crystallization to separate potash from salt impurities, yielding granular, coarse, or standard grades of muriate of potash for agricultural and industrial applications.^[16] Some operations employed solution mining, where hot brine dissolved potash deposits, and subsequent evaporation crystallized the KCl.^[16] Nitrogen fertilizers were manufactured at facilities in North America, Trinidad, and elsewhere, beginning with the synthesis of ammonia via the Haber-Bosch process, which combines nitrogen from air with hydrogen derived from natural gas reforming under high pressure and temperature.^[14] Ammonia served as a base for downstream products: urea produced by reacting ammonia with carbon dioxide, nitric acid via ammonia oxidation, and solutions like UAN by blending urea, ammonium nitrate, and water.^[14] These processes optimized energy efficiency and output to meet demand for high-analysis nitrogen products essential for crop protein development. Phosphate production involved open-pit mining at sites in Florida and North Carolina, where draglines removed overburden and extracted phosphate rock ore.^[17] The ore was slurried with water, pumped to processing plants, screened to remove sands and clays, and then beneficiated through flotation to concentrate phosphate minerals.^[18] Phosphoric acid was generated via the wet process, reacting the concentrate with sulfuric acid to produce merchant-grade acid, which was further ammoniated to form MAP and DAP fertilizers critical for root growth and energy transfer in plants.^[18]^[17]

Corporate Evolution to Privatization

Following its establishment in 1975, Potash Corporation of Saskatchewan (PCS) rapidly consolidated control over the province's potash sector by acquiring equity stakes and operational assets from private producers that had curtailed activities amid a 1970 provincial export levy and ensuing market disputes. By negotiating purchases from entities such as Kalium Chemicals and Hudson Bay Mining and Smelting, PCS restarted four key mines—Patience Lake, Allan, Cory, and Lanigan—restoring production capacity that had idled during the early 1970s crisis.^[3] ^[19] This vertical integration positioned PCS as Saskatchewan's dominant producer, accounting for roughly half of the province's output by the late 1970s, though global oversupply and price volatility constrained profitability.^[20] Throughout the 1980s, PCS pursued modernization and capacity expansions, investing in underground mining infrastructure and solution mining techniques to boost efficiency amid fluctuating demand from agricultural markets. Annual production grew from approximately 2 million tonnes in the mid-1970s to over 4 million tonnes by 1988, yet the corporation grappled with high fixed costs, labor disputes, and a prolonged price slump—potash traded below CAD 100 per tonne for much of the decade—resulting in operating losses exceeding CAD 200 million cumulatively by the late 1980s.^[21] As a Crown entity, PCS prioritized resource stewardship over shareholder returns, leading to criticisms of bureaucratic inefficiencies and underinvestment compared to private competitors like those in the Soviet Union and Israel, which captured larger global shares.^[22] The election of Grant Devine's Progressive Conservative government in 1982 marked a pivot toward fiscal restraint and market-oriented reforms, culminating in the decision to privatize PCS to alleviate provincial debt—then surpassing CAD 12 billion—and inject private capital for competitiveness. In June 1989, legislation enabled the initial public offering of 48% of shares on the Toronto Stock Exchange, raising CAD 248 million at CAD 15.50 per share amid depressed market conditions.^[21] ^[23] The government retained a "golden share" for veto rights on key decisions, with full divestment completing by April 1994 through additional tranches sold at appreciating values as prices recovered. Empirical analyses indicate privatization enhanced productive efficiency, with post-1989 cost reductions and output gains outpacing Crown-era performance, though critics from left-leaning policy groups argue it forfeited long-term public revenues from resource rents.^[22] ^[24]

Historical Development

Establishment as Crown Corporation (1975–1989)

The Potash Corporation of Saskatchewan (PCS) was established on February 4, 1975, as a provincial Crown corporation via an Order-in-Council issued by the New Democratic Party government under Premier Allan Blakeney.^[12]^[3] This followed a surge in global potash prices during the early 1970s, driven by strong agricultural demand, which highlighted the province's vast deposits—estimated to hold about one-third of the world's known reserves—and prompted the government to pursue greater public control over extraction and marketing to capture resource rents for provincial benefit.^[19]^[24] Prior to PCS's formation, Saskatchewan hosted multiple private producers, including International Minerals & Chemical (IMC), Kalium Chemicals, and Hudson Bay Mining, but fragmented operations and foreign ownership raised concerns about profit outflows and underinvestment in domestic processing.^[25] PCS rapidly consolidated the industry by acquiring majority stakes in key producers through negotiated agreements and, where necessary, compulsory acquisition under provincial legislation enacted in 1974.^[21]^[26] By mid-1976, it had gained control over facilities producing approximately 80% of Saskatchewan's output, including mines at Esterhazy, Patience Lake, and Lanigan, integrating underground conventional mining with initial solution mining trials.^[19] Early operations emphasized vertical integration, with PCS establishing a network of 16 distribution warehouses—15 in the United States—to facilitate exports, as over 90% of Saskatchewan potash served North American and offshore markets.^[3] Production volumes stabilized around 4-5 million metric tons annually by the late 1970s, though the corporation encountered market volatility from global oversupply and reduced capital inflows following nationalization, which some analysts attributed to investor deterrence.^[27]^[24] Throughout the 1980s, PCS prioritized operational efficiencies and modest expansions, such as upgrading refining capacity at its Saskatoon headquarters and initiating offshore sales to Europe and Asia, while employing around 2,000-2,500 workers across its sites.^[28]^[3] The Crown structure enabled direct provincial revenue through dividends and royalties, contributing significantly to government coffers amid fluctuating commodity cycles, but it also faced criticism for bureaucratic delays in technological adoption compared to private competitors like those in the Soviet Union or Israel.^[21] By 1989, cumulative investments in mine modernization had lagged, setting the stage for policy shifts under the incoming Progressive Conservative administration of Premier Grant Devine, which initiated partial share offerings to transition PCS toward private ownership.^[28]^[26]

Privatization and Restructuring (1989–2000)

In 1989, the Progressive Conservative government of Saskatchewan, led by Premier Grant Devine, initiated the privatization of Potash Corporation of Saskatchewan (PCS) as part of broader fiscal reforms to reduce public debt and promote market-oriented operations. The province sold an initial public offering of approximately 40% of PCS shares in June 1989, raising about C$193 million and transferring majority control to private investors while retaining a significant stake. Further share offerings followed in 1990 and 1991, diluting the government's ownership, with the remaining provincial shares fully divested by 1994 under the subsequent NDP government. This process marked the largest provincial-level privatization in Canadian history and shifted PCS from a state-controlled marketing entity to a publicly traded corporation focused on shareholder value.^[21]^[23] Post-privatization, PCS implemented operational restructuring to address inefficiencies inherited from its crown corporation era, including cost reductions, workforce adjustments, and mine rationalizations amid fluctuating global potash prices. For instance, earlier labor disputes and mine closures, such as aspects of the Cory operations in 1989 affecting around 200 workers, underscored the need for streamlined production; privatization enabled management to prioritize competitive pricing and technology upgrades over political mandates. Empirical analysis indicates that these changes improved PCS's productive efficiency, with post-privatization performance outperforming state-controlled benchmarks through better resource allocation and market responsiveness.^[22] A core element of the restructuring involved aggressive capacity expansion via targeted acquisitions to consolidate market share and diversify geographically. In 1990, PCS acquired the Allan potash mine in Saskatchewan, enhancing its domestic output with advanced flotation and crystallization processing capabilities. By 1993, the company purchased a potash mine and associated port facilities in New Brunswick, bolstering Atlantic export logistics. Throughout the 1990s, PCS further integrated North American competitors, including the Sylvite Corporation's operations and the Potash Company of America's assets in 1993, as well as the Carlsbad mine from United Salt Corporation, which collectively increased production capacity and reduced reliance on volatile spot markets.^[25]^[29]^[3] By the late 1990s, these efforts positioned PCS as a dominant global potash supplier, with leadership transitions reinforcing strategic focus; Charles E. Childers served as president until 1999, when William J. Doyle assumed the CEO role, emphasizing long-term growth amid recovering fertilizer demand. Overall, the period transformed PCS into a leaner, export-oriented enterprise, delivering substantial shareholder returns exceeding 1,000% from 1989 onward, though critics from left-leaning policy circles argued the divestiture forfeited ongoing public revenues from a resource monopoly.^[30]^[31]^[32]

Global Expansion and Acquisitions (2000–2010)

During the early 2000s, Potash Corporation of Saskatchewan expanded its global footprint primarily through strategic equity investments in offshore potash and fertilizer entities, aiming to secure supply chains, diversify production exposure, and penetrate high-growth markets without the capital intensity of full-scale mine developments abroad. This approach leveraged partnerships with established regional producers, providing PotashCorp with off-take rights, market intelligence, and influence over approximately 20-25% of global potash capacity by the decade's end when including these holdings.^[33] A pivotal move occurred on October 16, 2003, when PotashCorp acquired a 26% stake in Arab Potash Company (APC), Jordan's primary Dead Sea-based potash producer, for US$173 million; this position later increased to 28%. The investment granted PotashCorp board representation and preferential access to APC's output, enhancing its presence in Middle Eastern and Asian markets amid rising global demand for potash fertilizers. APC's operations complemented PotashCorp's portfolio by tapping into low-cost solar evaporation production methods unique to the Dead Sea region.^[34] In July 2005, PotashCorp signed a strategic investment agreement with Sinochem Corporation, acquiring an initial 9.99% stake in Sinofert Holdings Limited—China's largest importer and distributor of potash—for US$97 million, with an option to purchase an additional 10.01%. The deal closed progressively, culminating in February 2006 with the additional shares, bringing the total to nearly 20% and securing two board seats. This positioned PotashCorp to capitalize on China's burgeoning agricultural sector, which accounted for over 10% of global potash imports, while fostering long-term supply contracts through affiliates like Canpotex.^[35] PotashCorp also deepened its holdings in established producers during this period, maintaining a 10% stake in Israel Chemicals Ltd. (ICL) by 2006—built from an earlier position—and a 32% interest in Sociedad Química y Minera de Chile (SQM), which included potash alongside lithium and specialty fertilizers. These investments, originating in the late 1990s but expanded through opportunistic purchases (including additional ICL shares in 2010), provided diversified revenue streams from equity earnings and supported PotashCorp's role in global pricing dynamics via informal coordination among major suppliers. By 2010, such offshore positions contributed significantly to earnings, underscoring a shift toward an "extended enterprise" spanning seven countries across three continents.^[36]

Strategic Defenses and Market Challenges (2010–2017)

In August 2010, BHP Billiton launched a hostile takeover bid for PotashCorp, offering $130 per share in cash, valuing the company at approximately US$40 billion on a fully diluted basis.^[37] PotashCorp's board rejected the offer as grossly inadequate, arguing it undervalued the company's strategic assets and future growth in global fertilizer demand.^[38] The Canadian federal government reviewed the bid under the Investment Canada Act, ultimately rejecting it on November 3, 2010, citing a lack of net benefit to Canada due to PotashCorp's role in a key resource sector vital to national interests.^[39] BHP withdrew the offer on November 15, 2010, after failing to overturn the decision.^[40] In response, PotashCorp issued a "Pledge to Saskatchewan" in February 2011, committing to long-term investments in the province's potash operations, job creation, and community support to reinforce its alignment with local economic priorities.^[41] PotashCorp faced significant market challenges from 2010 to 2017, driven by global oversupply and price volatility in the potash sector. After a post-2008 recovery, prices peaked around $400 per tonne in 2011 but declined sharply following the July 2013 dissolution of the Russia-Belarus potash cartel, when Uralkali exited the Belarusian Potash Company joint venture and shifted to aggressive volume-based sales, particularly to China at discounted rates.^[42] This triggered a price war, with spot prices falling over 25% in days, eroding PotashCorp's share value by a similar margin on announcement day and pressuring margins amid increased low-cost exports from Russia and Belarus.^[43] PotashCorp's CEO Bill Doyle downplayed immediate threats, emphasizing the company's position as a "swing producer" capable of adjusting output to stabilize prices and the natural barrier of high transportation costs insulating North America's interior markets from Eastern European imports.^[44] ^[45] To counter these pressures, PotashCorp leveraged its diversification across potash, nitrogen, and phosphate production, which comprised a balanced portfolio reducing reliance on any single nutrient amid potash-specific downturns.^[46] The company maintained offshore assets in regions like Jordan and Israel for nitrogen exposure while optimizing Saskatchewan operations for cost efficiency, including selective mine idlings during low-price periods to preserve cash flow.^[47] These strategies mitigated earnings volatility, with potash sales still forming the core but buffered by integrated supply chains and hedging against commodity swings, culminating in merger discussions with Agrium by 2016 to enhance scale and resilience against persistent global competition.^[46]

Merger with Agrium to Form Nutrien (2018)

In September 2016, Potash Corporation of Saskatchewan Inc. (PotashCorp) and Agrium Inc. agreed to a merger of equals, establishing a pro forma enterprise value of $36 billion and projecting synergies that could create up to $5 billion in additional enterprise value through cost reductions and operational efficiencies.^[9]^[10] The strategic rationale centered on integrating PotashCorp's dominant potash production—controlling nearly two-thirds of North American capacity—with Agrium's nitrogen and phosphate assets, as well as its extensive retail distribution network, to form a vertically integrated crop nutrient provider capable of serving global agricultural markets more effectively.^[9]^[10] Shareholders of both companies approved the transaction in November 2016, with over 99% support from PotashCorp shareholders and similar levels from Agrium.^[48] Regulatory scrutiny followed, including unconditional approval from Canada's Competition Bureau in 2017, which determined the merger would not substantially lessen competition in Canadian markets.^[49] In the United States, the Federal Trade Commission conditioned approval on the divestiture of two domestic phosphate production facilities to mitigate potential anticompetitive effects in nitrogen and phosphate segments.^[50] Authorities in China and India required divestitures of PotashCorp's minority stakes in non-core entities, such as its interest in Sociedad Química y Minera de Chile (SQM), to address concerns over concentrated market influence.^[51] All necessary clearances were secured by December 27, 2017, enabling the merger to close effective January 1, 2018, with the combined entity renamed Nutrien Ltd. and headquartered in Saskatoon, Saskatchewan.^[52]^[53] Under the exchange ratio, PotashCorp shareholders received 0.40 Nutrien common shares for each PotashCorp share held, while Agrium shareholders received one Nutrien share per Agrium share, reflecting Agrium's approximately 60% ownership in the new structure.^[54] Leadership transitioned with Chuck Magro, previously Agrium's president and CEO, appointed as Nutrien's president and CEO, and Jochen Tilk, PotashCorp's outgoing CEO, serving as executive chair.^[54] The merger positioned Nutrien as the world's largest potash producer and a top-tier supplier of nitrogen and phosphate, with annual production capacity exceeding 20 million tonnes of potash, 8 million tonnes of nitrogen, and 4 million tonnes of phosphate.^[54] It also integrated Agrium's retail operations, serving over 1,700 locations and 500,000 farmer customers, enhancing supply chain resilience amid volatile commodity prices.^[9] Post-merger, Nutrien pursued further optimizations, including workforce reductions of approximately 2,400 positions to realize projected annual synergies of around $500 million.^[9]

Business Operations

Potash Mining Operations in Saskatchewan

Potash Corporation of Saskatchewan (PotashCorp) maintained its core potash mining operations in Saskatchewan, the province containing about one-third of global potash reserves within the Middle Devonian Prairie Evaporite Formation.^[55] The company's activities centered on extracting sylvinite ore—a mixture of potassium chloride (KCl) and sodium chloride (NaCl)—from depths of approximately 1,000 meters using primarily conventional underground mining techniques.^[15] These operations positioned PotashCorp as the world's largest potash producer by capacity, with Saskatchewan facilities contributing the bulk of its output prior to the 2018 merger with Agrium to form Nutrien.^[55] PotashCorp operated six mines in southern Saskatchewan: Allan, Cory, Lanigan, Patience Lake, Rocanville, and Vanscoy.^[15] The Rocanville mine, located 16 km northeast of the town of Rocanville and 200 km east of Regina, featured one of the company's largest facilities, with an annual nameplate capacity of 6.5 million tonnes and an operating capacity of 5.14 million tonnes of finished potash (concentrated KCl) as measured in assessments around 2019, reflecting expansions from its origins in the 1970s.^[15] At Cory, near Saskatoon, a major refurbishment completed in 2013 boosted nameplate capacity to 3.0 million tonnes of finished potash annually, enhancing efficiency through upgraded hoisting and processing infrastructure.^[56] Patience Lake, the province's first potash mine opened in 1958 near Saskatoon, shifted from conventional to solution mining after a 1985 flooding incident, with reopening as a solution operation in 1989 to dissolve potash beds using water injection and evaporation for recovery.^[57] Mining at most sites employed room-and-pillar methods with continuous miners and roadheaders to extract ore, followed by crushing, flotation to separate KCl from NaCl, and drying to produce standard, coarse, granular, and specialty potash products for fertilizer use.^[6] Combined nameplate capacity across the Saskatchewan mines exceeded 20 million tonnes per year by the mid-2010s, supporting domestic control of roughly 40% of Canadian potash production through strategic acquisitions post-1975 formation as a crown corporation.^[6] Annual output from these operations contributed significantly to global supply, with Saskatchewan's total potash production reaching an estimated 21.9 million tonnes (as muriate of potash equivalent) across all operators in 2023, underscoring the region's low-cost, high-grade deposits formed from ancient evaporated seas nearly 400 million years ago.^[58]^[55]

Diversification into Nitrogen and Phosphate

Potash Corporation of Saskatchewan (PotashCorp) began diversifying beyond potash in the mid-1990s to reduce reliance on a single commodity and integrate into the broader fertilizer value chain, acquiring operations in phosphate and nitrogen production. This strategy aimed to capture synergies in crop nutrient markets, where potash, phosphate, and nitrogen constitute the primary macronutrients for agriculture. By entering these segments, PotashCorp positioned itself as a more balanced producer amid volatile potash prices influenced by global supply dynamics.^[59] In March 1995, PotashCorp acquired Texasgulf Inc., a major U.S.-based phosphate producer, for $810 million in cash plus the assumption of $25 million in debt. Texasgulf operated key phosphate mining and processing facilities, including the Aurora mine in North Carolina, which PotashCorp purchased as its initial entry into phosphate rock extraction and fertilizer manufacturing. This deal doubled PotashCorp's assets and employee base, adding low-cost phosphate production capacity focused on diammonium phosphate (DAP) and monoammonium phosphate (MAP) for global export. The acquisition integrated upstream mining with downstream processing, enhancing cost efficiencies in a market dominated by U.S. and Moroccan suppliers.^[60]^[59] PotashCorp expanded into nitrogen in 1997 by acquiring the assets of Arcadian Corporation, forming PCS Nitrogen Fertilizer Inc. This purchase included ammonia and urea production plants in the U.S. Gulf Coast region, such as facilities in Geismar, Louisiana, and Taft, Louisiana, establishing PotashCorp as a significant player in nitrogen-based fertilizers like anhydrous ammonia and urea ammonium nitrate (UAN). The move capitalized on natural gas as a feedstock, with initial capacity additions supporting domestic and export markets amid rising global demand for nitrogen in corn and wheat cultivation. By the early 2000s, these operations contributed to PotashCorp's portfolio, representing about 2% of global nitrogen capacity by 2011.^[61]^[3] These diversification efforts transformed PotashCorp from a potash specialist into the world's third-largest producer of nitrogen and phosphate by the 2010s, with integrated supply chains mitigating risks from potash-specific downturns, such as the 2009 market crash. Phosphate and nitrogen segments generated diversified revenue streams, with phosphate sales emphasizing North American and Asian markets, while nitrogen focused on U.S. agricultural heartlands. However, exposure to energy costs for nitrogen production and phosphate rock reserves introduced new operational challenges, including regulatory scrutiny over environmental impacts from mining tailings.^[36]^[59]

Export Mechanisms and Global Supply Chains

Potash Corporation of Saskatchewan (PotashCorp) exported its potash production primarily through Canpotex Limited, an offshore marketing and logistics entity jointly owned by PotashCorp, The Mosaic Company, and Agrium Inc., which handled sales and distribution of Saskatchewan-produced potash to non-North American markets.^[62] Canpotex managed integrated sales, marketing, and transportation, exporting over 13 million tonnes annually to more than 40 countries, with PotashCorp's contributions forming a significant portion of this volume prior to the 2018 merger.^[63]^[64] The primary export mechanism involved rail transport from Saskatchewan mines to coastal terminals, utilizing a dedicated fleet of over 5,000 specialized covered hopper railcars owned by Canpotex to move potash westward to ports such as Vancouver, British Columbia, and occasionally to U.S. facilities like Portland, Oregon.^[65] From these deep-water ports, potash was loaded onto bulk ocean vessels for international shipment, with approximately 20% of Canpotex's West Coast exports routing through Portland.^[66] This rail-to-ship system ensured efficient delivery, supported by Canpotex's investments exceeding $3 billion in supply chain infrastructure, including terminal facilities and vessel chartering.^[67] Globally, PotashCorp's supply chains via Canpotex targeted high-demand agricultural regions, with Brazil, China, India, Indonesia, and Malaysia accounting for about 75% of annual exports, driven by fertilizer needs for crops like palm oil, rice, and soybeans.^[68] These chains emphasized reliability and quality, with long-term contracts and logistics coordination mitigating supply disruptions, though they faced challenges from market volatility and competition from producers in Russia and Belarus.^[69] PotashCorp supplemented this through joint ventures, such as its partnership with Sinochem in Sinofert Holdings, enhancing distribution in key Asian markets.^[62] Overall, these mechanisms positioned Saskatchewan potash, led by PotashCorp, as a cornerstone of global fertilizer supply, contributing over 30% of world production capacity by the mid-2010s.^[64]

Economic and Strategic Impact

Contributions to Saskatchewan's Economy and Employment

Potash Corporation of Saskatchewan (PotashCorp) operated five potash mines in the province, including Allan, Cory, Patience Lake, Rocanville, and Vanscoy, which formed the core of its domestic production capacity.^[29] These operations directly employed approximately 2,200 workers in Saskatchewan as of 2011, with the figure rising to 2,477 by 2016, including 258 at the company's Saskatoon headquarters.^[70]^[71] Mine-specific employment data from 2005 to 2009 showed steady growth, such as at the Allan mine where headcount increased from 293 to 349 workers, reflecting expanded output and operational demands.^[25] The company's activities generated substantial fiscal revenues for the provincial government through royalties, the Potash Production Tax, and corporate income taxes. In 2008 alone, PotashCorp paid $108.3 million in capital taxes, alongside additional royalties and resource surcharges tied to Saskatchewan production.^[29] As the dominant producer, PotashCorp's contributions underpinned a broader potash sector that delivered the province's largest non-oil financial benefits via taxes and royalties, supporting public services and infrastructure.^[25] These payments, combined with local procurement and supplier networks, created multiplier effects in rural communities near mine sites, fostering ancillary jobs in transportation, equipment maintenance, and services. PotashCorp's presence also anchored Saskatchewan's position as a global potash leader, with its mines contributing to provincial export revenues that bolstered economic stability during commodity cycles. The company's 2011 pledge to maintain Saskatchewan operations and Canpotex marketing commitments further ensured sustained employment and investment, even amid privatization and global expansions.^[72] Overall, these elements positioned PotashCorp as a pivotal driver of high-wage mining jobs and resource-based growth in the province prior to its 2018 merger.^[25]

Role in Enhancing Global Agricultural Productivity

PotashCorp played a pivotal role in global agricultural productivity by producing and supplying large volumes of potash fertilizers, which provide potassium—a macronutrient critical for plant enzyme activation, water uptake, photosynthesis, and resistance to stress and disease.^[31] As the world's largest potash producer for much of its history, the company replenished soil potassium depleted by intensive cropping, enabling sustained yield improvements in potassium-responsive crops such as corn, soybeans, rice, and oil palm.^[73] Potassium deficiencies, if unaddressed, can reduce global crop yields by inhibiting growth and quality, with studies indicating potential yield losses of 10-30% in major staples without adequate supplementation.^[74] The company's Saskatchewan-based mines, with a nameplate capacity of 19.6 million tonnes of KCl annually by 2017, accounted for a significant share of global potash output, producing 9.795 million tonnes in 2017 alone amid a worldwide demand of approximately 64 million tonnes.^[73] This production supported exports to over 50 countries via Canpotex, with offshore sales reaching 6.096 million tonnes in 2017, primarily to high-demand regions like Brazil (30% of offshore volume), China (18%), and India (12%).^[73]^[31] By maintaining low-cost operations representing up to 22% of global capacity in earlier years, PotashCorp helped stabilize supply chains, mitigating shortages that could otherwise constrain fertilizer application and crop output in developing agricultural economies.^[31] PotashCorp's contributions extended beyond volume to reliability, with long mine lives (52-81 years) ensuring consistent nutrient delivery that supported balanced fertilization practices worldwide.^[73] In nutrient-deficient soils, potassium from such supplies enhances overall fertilizer efficiency, indirectly amplifying the productivity gains from nitrogen and phosphate applications—evidenced by field trials showing 20-30% yield uplifts in potassium-supplemented systems for cereals and legumes.^[75] This role was particularly vital in offsetting soil depletion from expanding arable land and intensifying production to meet rising global food needs, as potassium removal in harvests often exceeds natural replenishment rates.^[76]

Government Policy Interactions and Resource Nationalism

The Government of Saskatchewan maintains ownership of potash reserves as Crown resources, leasing mineral rights to producers like PotashCorp while imposing royalties and taxes that shape operational economics. Under The Subsurface Mineral Royalty Regulations, 2017, operators pay a simplified Crown royalty of approximately 3% on potash sales value, supplemented by the province's potash production tax regime enacted in 1990, which levies a 35% ad valorem rate on processed potash tonnages and a tiered net profits tax escalating from 15% on profits up to $66 per tonne to 35% thereafter. ^[77] These policies, administered by the Ministry of Energy and Resources, ensure provincial revenue from extraction while regulating production volumes and environmental compliance, with PotashCorp remitting billions in payments during commodity booms—such as $1.2 billion in 2008 alone.^[78] Resource nationalism has historically influenced these interactions, peaking in the 1970s under the New Democratic Party government of Premier Allan Blakeney, which nationalized about 40% of the industry by acquiring underproducing foreign-owned mines and establishing SaskPotash to enforce production quotas and capture rents amid disputes over taxation and output controls.^[79] ^[80] This intervention, justified as protecting provincial sovereignty over a non-renewable asset vital to agriculture, contrasted with earlier free-market approaches but faced opposition from multinationals, leading to legal challenges like Amax Potash Ltd. v. Saskatchewan. Subsequent privatization of PotashCorp in 1988–1989 under the Progressive Conservative administration of Premier Grant Devine marked a retreat from direct ownership, aiming to boost efficiency and investment, though it reduced immediate fiscal capture compared to state control.^[26] The 2010 hostile takeover attempt by BHP Billiton exemplified renewed resource nationalism, with the firm offering $130 per share for a total equity value of about $39 billion USD to acquire the world's largest potash producer.^[37] Saskatchewan officials contested the bid, projecting revenue shortfalls of up to $5 billion CAD over 10 years from deferred taxes and altered investment plans, emphasizing potash's strategic role in provincial GDP (contributing over 5% directly) and global food security.^[81] The federal government rejected the proposal on November 3, 2010, under the Investment Canada Act, deeming it lacking net benefit due to risks to domestic employment, innovation, and fiscal returns—a decision swayed by provincial input despite BHP's assurances of continuity.^[39] BHP withdrew on November 15, 2010, after PotashCorp's defenses and regulatory hurdles.^[40] This episode reinforced Saskatchewan's policy stance on retaining influence over potash assets, though the province had repealed nationalization powers via The Potash Development Act in 2007 to signal openness to private capital.^[82] Ongoing debates highlight tensions between revenue maximization and competitiveness, with analyses indicating that post-privatization tax structures capture less of windfall profits during price surges—e.g., PotashCorp's effective provincial burden averaged under 20% of revenues in peak years like 2022—prompting calls for formula adjustments without reverting to expropriation.^[83] Such interactions underscore causal trade-offs: stringent nationalism secures short-term control but may deter expansion, as evidenced by PotashCorp's post-2010 commitments to Saskatchewan investments exceeding $3 billion through 2020.^[41]

Controversies and Criticisms

Takeover Attempts and Sovereignty Debates

In August 2010, Australian mining company BHP Billiton launched a hostile takeover bid for Potash Corporation of Saskatchewan (PotashCorp), offering US$130 per share in an all-cash deal valued at approximately US$38.6 billion.^[37]^[84] The bid represented a 20% premium over PotashCorp's share price prior to the announcement and aimed to consolidate BHP's position in the global fertilizer market, given PotashCorp's control of about 20% of world potash production capacity.^[37] PotashCorp's board rejected the offer as undervaluing the company, arguing it failed to account for long-term growth in potash demand driven by global food needs.^[38] The bid triggered immediate opposition from Saskatchewan's provincial government, which viewed potash—a resource comprising over 90% of the province's known reserves—as a strategic asset essential to its economy, generating billions in annual royalties and supporting thousands of jobs.^[41] Premier Brad Wall publicly urged the federal government to scrutinize the deal under the Investment Canada Act, emphasizing risks to local employment, tax revenues, and supply chain stability if control shifted abroad.^[85] Saskatchewan lawmakers unanimously voted against the takeover, framing it as a threat to provincial resource sovereignty.^[86] Federally, Industry Minister Tony Clement ordered a net benefit review, amid concerns that the acquisition could lead to production cuts or export shifts unfavorable to Canadian interests.^[39] On November 3, 2010, the Canadian federal government rejected the bid, determining it did not provide a net benefit to the country despite BHP's commitments to maintain operations and investments for several years.^[87]^[39] BHP withdrew the offer on November 15, 2010, citing the regulatory hurdle, marking one of the largest blocked foreign takeovers in Canadian history.^[40] In response, PotashCorp issued a "Pledge to Saskatchewan" in early 2011, committing to sustained capital investments, job preservation, and community contributions exceeding C$500 million over five years.^[41] The episode fueled broader debates on resource sovereignty and foreign investment in Canada, with proponents of the block arguing it protected a non-renewable asset vital for food security and provincial fiscal health against short-term shareholder gains.^[88] Critics, including some business analysts, contended the decision exemplified resource nationalism that could deter future investments and inflate acquisition costs for Canadian firms, potentially harming global competitiveness.^[89] Saskatchewan's stance highlighted tensions between federal oversight and provincial control over crown resources, echoing historical privatizations like PotashCorp's own shift from public to private ownership in 1989, and prompting discussions on reforming the Investment Canada Act to balance economic benefits against sovereignty risks.^[24] No subsequent major foreign takeover attempts targeted PotashCorp, though the case set precedents for reviews of resource sector deals.^[90]

Labor Disputes and Cost-Cutting Measures

In 2008, approximately 500 members of the United Steelworkers (USW) union at Potash Corporation of Saskatchewan's (PotashCorp) Cory, Allan, and Patience Lake mines in Saskatchewan initiated labor action following the expiration of their collective agreement on April 30.^[91] The workers, who had voted 96% in favor of striking on July 21, began with an overtime ban and rotating one-day strikes in late July to pressure the company amid high potash prices and demands for improved wages and benefits reflecting record profits.^[92] Full strike action commenced on August 7 after negotiations failed, disrupting production at the three facilities and leading PotashCorp to warn of potential lockouts.^[93] The dispute, centered on profit-sharing and contract terms, lasted three months until a tentative agreement was reached on November 7, averting further escalation.^[94] Facing declining potash prices due to global oversupply and the July 2013 breakup of the Belarus-Russia potash export cartel, PotashCorp announced in December 2013 the layoff of about 1,045 employees, representing 18% of its international workforce, with 440 positions affected in Saskatchewan.^[95] ^[96] These cuts targeted administrative, marketing, and operational roles to reduce costs amid soft demand for potash and phosphate fertilizers.^[97] By November 2016, continued price weakness prompted further measures at the Cory mine, where PotashCorp reduced annual production capacity from 1.4 million tonnes to 0.8 million tonnes, resulting in 140 layoffs—100 permanent and 40 temporary—effective from February 2017 onward.^[98] The company also planned temporary shutdowns at its Lanigan and Allan mines in early 2017 to align output with market conditions, preserving about 320 jobs at Cory while prioritizing lower-cost production.^[99] These actions, taken ahead of the 2018 merger with Agrium to form Nutrien, reflected broader industry responses to oversupply rather than specific union conflicts.^[100]

Environmental Impacts and Regulatory Scrutiny

Potash mining by Potash Corporation of Saskatchewan (PCS) in Saskatchewan generated significant environmental challenges, particularly in the management of salt tailings and concentrated brine produced during ore extraction and processing. At industry capacity, Saskatchewan's potash sector yields approximately 28 million tonnes of salt tailings and 11 million cubic meters of brine annually, much of which originated from PCS operations as the province's dominant producer.^[101] Improper containment of these wastes risks brine migration into groundwater and soils, elevating salinity levels and contaminating aquifers, with chemical imbalances potentially persisting for decades due to slow natural dilution.^[102]^[103] Brine releases from tailings piles or solution mining cavities have caused localized surface water pollution and vegetation die-off, as high chloride concentrations (often exceeding natural levels by orders of magnitude) disrupt ecosystems and inhibit plant growth.^[104] Underground conventional mining at PCS sites contributed to ground subsidence, altering landscapes over areas up to several square kilometers and posing risks to overlying infrastructure, while dust emissions from milling and tailings handling affected air quality near operations.^[104] Solution mining methods, used selectively by PCS, amplified brine volume issues through hot brine injection, with potential for uncontrolled leaks exacerbating subsurface contamination.^[105] Regulatory oversight in Saskatchewan involved permits from the Ministry of Environment for air emissions, pollutant control facilities, and certified environmental protection plans, mandating monitoring of brine containment and tailings stability.^[106] PCS faced no major publicly documented fines for Saskatchewan-specific environmental breaches during its independent operations, though the industry underwent scrutiny for cumulative impacts, prompting 2020 amendments to potash regulations incentivizing technologies to reduce brine discharge and tailings risks.^[107] Federally, a Potash Code of Practice, updated as of 2025, targeted fine particulate emissions from processing plants, with PCS adhering to these through dust suppression and stack controls.^[108] In the United States, PCS subsidiaries incurred penalties for related violations, including a $2 million fine in 2002 for Clean Air Act non-compliance at a New Mexico facility and a $1.3 million civil penalty in 2014 for excessive emissions at its White Springs plant, alongside commitments to $50 million in upgrades.^[109]^[110] PCS reported $57 million invested in environmental measures in 2013 alone, covering pollution abatement and waste prevention, though critics noted that such expenditures often followed regulatory pressure rather than preempting issues.^[110] Overall, while PCS implemented tailings pond liners and brine recycling to comply with standards, persistent challenges in waste assimilation capacity underscored ongoing scrutiny of long-term remediation efficacy in arid prairie conditions.^[103]

Market Concentration and Antitrust Concerns

The global potash industry exhibits high market concentration, with production dominated by a handful of firms in geologically limited regions, primarily Canada, Russia, and Belarus, which together accounted for approximately 66% of output in 2023.^[58] Potash Corporation of Saskatchewan (PotashCorp) held a leading position as the world's largest potash producer by capacity, controlling about 20% of global capacity through its Saskatchewan-based operations, which contributed roughly 30% of worldwide supply via the province's mines.^[111] ^[112] This oligopolistic structure, characterized by high barriers to entry due to the scarcity of viable deposits and capital-intensive mining, has facilitated price stability above marginal costs but also invited scrutiny for potential anticompetitive coordination.^[113] Antitrust concerns surrounding PotashCorp centered on allegations of price-fixing and collusion with other major producers, particularly in North American and export markets. In the 1990s, PotashCorp faced U.S. class-action lawsuits claiming it and competitors engaged in concerted efforts to restrict output and inflate prices, with the company holding an estimated 38% share of the North American market at the time.^[114] A key case, In Re Potash Antitrust Litigation (1997), involved claims of horizontal agreements among producers, though courts granted summary judgment in favor of defendants where evidence of explicit collusion was insufficient, highlighting the challenges in proving intent amid oligopolistic interdependence.^[115] PotashCorp settled multiple such suits without admitting liability, including eight private antitrust class actions in January 2013 for undisclosed amounts, resolving claims related to potash sales practices.^[116] Export mechanisms amplified these issues, as Canadian producers, including PotashCorp, marketed through Canpotex, a cooperative entity that centralized sales and has been likened to a cartel for coordinating volumes and pricing with global counterparts like the Belarusian-Russian alliance.^[117] This arrangement drew criticism for enabling supracompetitive pricing, especially during the 2008–2012 boom when spot prices surged over 700% before crashing amid supply disruptions, though investigations often attributed volatility more to geopolitical factors than domestic collusion.^[8] Regulatory bodies, including the U.S. Federal Trade Commission, later conditioned PotashCorp's 2017 merger with Agrium on divestitures of two U.S. phosphate facilities to address overlapping market power, reflecting broader worries that further consolidation could exacerbate concentration in potash and related fertilizers.^[50] Despite these settlements and structural defenses—such as the non-substitutability of potash sources—no major breakup or fines were imposed on PotashCorp alone, underscoring the industry's reliance on few efficient producers amid rising global demand.^[118]

Legacy

Influence on Nutrien's Formation and Ongoing Operations

Potash Corporation of Saskatchewan (PotashCorp) played a pivotal role in the formation of Nutrien Ltd. through its merger of equals with Agrium Inc., announced on September 12, 2016, and completed on January 1, 2018.^[119]^[10] In the transaction, PotashCorp shareholders received 0.40 common shares of Nutrien for each PotashCorp share held, reflecting PotashCorp's substantial asset base in potash production.^[119] The merger combined PotashCorp's world-class nutrient manufacturing platforms, particularly its near two-thirds control of North American potash capacity, with Agrium's leading retail distribution network, creating a vertically integrated global leader in crop inputs.^[10]^[9] This structure positioned Nutrien as the largest producer of potash, nitrogen, and phosphate, with PotashCorp's upstream production assets forming the foundation for over 30% of Nutrien's phosphate output and dominant potash operations.^[10]^[54] PotashCorp's historical expertise, stemming from its origins as a Saskatchewan Crown corporation in 1975 and subsequent privatization, provided Nutrien with established mining operations across 14 countries and a portfolio critical to global agricultural nutrient supply.^[119] In Nutrien's ongoing operations, PotashCorp's legacy endures through the continued operation of key potash mines in Saskatchewan, such as Patience Lake, which produced Canada's first commercial potash shipment of 1,000 tonnes in 1958 and remains integral to Nutrien's production.^[120] These assets underpin Nutrien's status as a primary contributor to Canada's 38% share of global potash supply, supporting efficient nutrient delivery via integrated retail channels inherited from the merger.^[121] The combined entity's scale has facilitated synergies in cost management and market positioning, with legacy PotashCorp production driving a significant portion of Nutrien's crop nutrient segment revenue.^[54]^[9]

Long-Term Economic Value Creation vs. Public Revenue Debates

Potash Corporation of Saskatchewan (PotashCorp), as the world's largest potash producer during its independent operation from 1995 to 2017, generated substantial long-term economic value through direct employment, capital investments, and contributions to provincial GDP. The company employed thousands in Saskatchewan, with operations supporting ancillary industries such as transportation and equipment manufacturing, while its expansions—such as the 2007 acquisition of additional mining assets—enhanced production capacity to over 10 million tonnes annually by the early 2010s. These activities fostered technological advancements in extraction and refining, enabling sustained global competitiveness and export revenues exceeding $6 billion from Saskatchewan potash in 2012 alone, of which PotashCorp accounted for a significant share.^[28]^[3] In contrast, public revenue from PotashCorp's operations, primarily through corporate income taxes, potash production taxes, and Crown royalties, has been a point of contention, with the provincial government capturing varying shares dependent on market prices. Between 1976 and 2010, Saskatchewan collected billions in resource revenues from the potash sector, including base payments and ad valorem royalties set at rates like 3% of production value plus profit-based levies, though PotashCorp's specific contributions were netted against incentives such as corporate office deductions. During high-price periods, such as 2008, industry-wide royalties and taxes peaked, but critics noted that privatization in the late 1980s shifted more value to shareholders via dividends rather than reinvestment or higher public yields. For instance, in fiscal years with elevated potash prices, PotashCorp's Saskatchewan-derived earnings—comprising about two-thirds of its total—yielded provincial payments, yet these were often critiqued as insufficient relative to the finite nature of the resource.^[25]^[122]^[123] Debates over long-term value creation versus revenue maximization intensified around resource nationalism policies, with proponents of private enterprise arguing that PotashCorp's model—post-privatization—delivered enduring benefits by incentivizing efficiency and risk-taking, as evidenced by its role in stabilizing supply chains and funding mine modernizations that outlasted Crown-era stagnation. The 2010 Conference Board of Canada analysis underscored that potash operations, led by PotashCorp, provided multiplier effects through $1.5 billion in annual economic output for Saskatchewan, far exceeding direct fiscal transfers, and warned that aggressive revenue grabs could deter investment in a capital-intensive industry. Conversely, resource economists and former officials have contended that Saskatchewan's royalty regime, inherited from the PotashCorp era, forfeits economic rents during price booms, collecting only $1.4 billion of a $10 billion windfall in 2022 despite industry revenues doubling to $18 billion, attributing this to outdated incentives that prioritize company profits over public coffers for non-renewable extraction.^[25]^[78]^[83] These tensions reflect broader causal dynamics in resource-dependent economies, where PotashCorp's legacy of value creation via market-driven expansions supported long-term employment stability—peaking at over 5,000 direct jobs—yet fueled calls for reform, such as rent-based royalties to better align private gains with public stewardship, as proposed in analyses of the sector's $308.7 million in direct government payments from potash in recent baseline years. Empirical patterns show that while corporate taxes and royalties from PotashCorp-era mines varied with global prices—rising sharply in boom cycles like 2021-2022 when firms paid nearly 20% of $8 billion earnings—critics from policy institutes argue systemic under-capture, potentially $ billions forgone, undermines fiscal sustainability without impairing production incentives.^[83]^[124]

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https://www.saskatchewan.ca/government/news-and-media/2007/december/17/saskatchewan-government-signals-new-era-through-elimination-of-potash-expropriation-powers
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SASKATCHEWAN GOVERNMENT SIGNALS NEW ERA THROUGH ...
Dec 17, 2007 · The Bill introduced in the Assembly today will repeal The Potash Development Act and take away the government's ability to nationalize the potash industry.Missing: nationalism | Show results with:nationalism
[84]
Potash Companies Are Getting Rich. Saskatchewan, Not So Much
Jul 29, 2025 · In 2021, potash companies earned $8 billion and paid nearly 20 percent of it in provincial taxes and royalties. In 2022, revenue jumped to $18 ...
[85]
BHP Makes Hostile Bid for Potash Corp. - The New York Times
Aug 18, 2010 · Although Potash shareholders are betting BHP will raise its $38.6 billion offer, it is unclear whether anyone has the ability and interest ...
[86]
In Saskatchewan, there's more to life than fertilizer - The Globe and ...
Saskatchewan Premier Brad Wall has set the stage for a political showdown with Ottawa by publicly rejecting a takeover of Potash Corp. of Saskatchewan.Missing: debates | Show results with:debates
[87]
Sask. politicians vote to oppose PotashCorp bid | CBC News
but not before a bit of scrapping.
[88]
BHP's bid for Potash Corporation blocked by Canadian government
Nov 3, 2010 · BHP $39bn hostile bid for Potash blocked by Canada in surprise move, saying it is not of 'net benefit' to country.
[89]
The Potash debate: Block the bid! | Financial Post
Sep 13, 2010 · If BHP Billiton PLC's $40-billion “hostile” bid for Potash Corporation of Saskatchewan succeeds, it will be of great consequence to this country ...Missing: sovereignty | Show results with:sovereignty
[90]
The potash takeover bid: The deal that wasn't - Policy Options
The issues at stake in the 1975 dispute between the potash companies and the Blakeney government help to explain why the current Saskatchewan government of ...
[91]
Industry Canada blocks US$36.8 billion hostile tak - Gowling WLG
On August 20, 2010, BHP launched a hostile takeover bid for Potash Corp. The BHP Billiton Group is the world's largest diversified natural resources company ...
[92]
Potash Gets Strike Notice From Workers at Three Mines - Bloomberg
Jul 23, 2008 · About 500 unionized employees at the Allan, Cory and Patience Lake mines in Saskatchewan voted July 21 in favor of striking to back contract ...Missing: disputes | Show results with:disputes<|separator|>
[93]
Canadian Steelworkers Commence Overtime Ban Against Potash ...
Miners have been without a current contract since 30 April 2008. The USW local unions voted by a 96% margin on 21 July for industrial action. Workers met again ...
[94]
Potash Corp workers strike after talks fail | Reuters
Aug 7, 2008 · The union staged a one-day strike last week at one of the mines, but members have since worked all but overtime hours after their union and the ...
[95]
Tentative deal could end strike at Potash Corp. | CBC News
Nov 7, 2008 · Tentative deal could end strike at Potash Corp. After three months, a strike involving 500 Saskatchewan potash mine workers could soon be over.
[96]
PotashCorp cutting hundreds of Saskatchewan jobs | CBC News
Dec 3, 2013 · Potash Corporation of Saskatchewan is cutting about 18 per cent of its international workforce. The announcement was made on Tuesday morning ...
[97]
Declining Prices Spur Layoffs At PotashCorp
Analysts say the breakup in July of Belarus Potash Co., a cartel of producers in Belarus and Russia, was a factor in lower prices of the potassium fertilizer.
[98]
PotashCorp to cut hundreds of jobs | CBC News
Dec 3, 2013 · The Saskatoon-based company says the decision is necessary because of soft demand for potash and phosphates, which are used to make fertilizer.
[99]
Potash Corp cuts jobs, Canadian potash output as prices sag | Reuters
The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and ...
[100]
PotashCorp cuts jobs, production at Cory potash mine | Globalnews.ca
Nov 23, 2016 · PotashCorp said approximately 100 full-time employees and 40 temporary positions are being laid off. Most of the job cuts will take place in February.
[101]
Potash Corp cuts production, lays off 140 from Cory mine
Nov 23, 2016 · The Saskatoon, Saskatchewan-based company said approximately 100 full-time workers and 40 temporary positions are being laid off.
[102]
[PDF] Waste management schemes of potash mines in Saskatchewan
Saskatchewan's potash industry, when operating at capacity, produces 28 X lo6 t of salt tailings and 11 x lo6 m3 of concentrated brine per year.
[103]
Environmental Aspects of Potash Mining: A Case Study of ... - MDPI
The direct disposal of brine into the river with extremely high chloride concentrations (up to 6 g/L) from potash mines affected aquatic fauna and caused ...<|control11|><|separator|>
[104]
[PDF] Salt tailings - American Society of Reclamation Sciences (ASRS)
At these sites the brine release from the pile must not exceed the receiving aquifer's ability to safely absorb salt.Missing: issues | Show results with:issues
[105]
[PDF] Environmental Aspects of Phosphate and Potash Mining
This document covers environmental challenges, responses, and the industry's approaches to environmental concerns in phosphate and potash mining.
[106]
Water Use in Saskatchewan's Potash Industry
Nine of the province's potash mines extracl the ore through shafts sunk to the ore beds. One mine uses solution mttring whereby potash is dissolved in hot brine ...Missing: issues | Show results with:issues
[107]
[PDF] Regulatory Process for Potash Mines in Saskatchewan.cdr
Permit to operate an Industrial Source (Air chapter) through a certified environmental protection plan. ·. Permit to Operate a Pollutant Control Facility.
[108]
Amended Potash Regulations Seek to Attract New Innovation and ...
Dec 7, 2020 · The Government of Saskatchewan has amended The Potash Production Tax Regulations, 2020, which will improve opportunities in the potash ...Missing: interactions policies
[109]
Potash Code of Practice Progress Report - Canada.ca
May 21, 2025 · The objective of the Code is to identify and promote best practices in the Canadian potash industry with respect to fine particulate matter emissions.
[110]
Sask. company draws fine for U.S. environmental problem | CBC News
Sep 10, 2002 · Potash Corp. of Saskatchewan, the world's largest fertilizer company, has agreed to pay a $2 million US fine for violating clean air rules.Missing: impacts | Show results with:impacts
[111]
PotashCorp fined for violating Clean Air Act-White Springs facility to ...
“Our total commitment to environmental stewardship exceeded $57 million in 2013, $38 million in pollution control, abatement, waste management and prevention, ...
[112]
POT Profile for Potash Corp of Saskatchewan Stock - Barchart.com
Through Canadian operations, it is responsible for about 20 percent of global potash capacity. In addition, it holds strategic investments in other potash- ...
[113]
Potash Sector Sets New Records in Production and Sales in 2021
Mar 22, 2022 · As the sole producer in Canada, the Saskatchewan potash sector typically accounts for about 30 per cent of world production, which comes from ...<|separator|>
[114]
https://www.quimbee.com/cases/blomkest-fertilizer-inc-v-potash-corp-of-sask-inc
[115]
Blomkest Fertilizer, Inc. v Potash Corp. of Sask., Inc. - Quimbee
The North American potash industry was an oligopoly, with Potash Corporation of Saskatchewan (PCS) (defendant) accounting for 38 percent of the market. In ...
[116]
In Re Potash Antitrust Litigation, 954 F. Supp. 1334 (D. Minn. 1997)
In antitrust cases, as in other civil actions, a Motion for Summary Judgment should be granted "if the pleadings, depositions, answers to interrogatories, and ...Missing: concentration | Show results with:concentration
[117]
PotashCorp Settles Antitrust Cases in United States
Jan 30, 2013 · (PotashCorp) announced today that it and its wholly owned subsidiary PCS Sales (USA) Inc. have settled eight private antitrust lawsuits, which ...
[118]
Why did the price of potash plummet? - The World Economic Forum
Dec 2, 2014 · BPC alongside Canpotex had effectively functioned as a duopoly, or “Potash OPEC”, regulating prices by controlling output and minimising ...Missing: oligopoly | Show results with:oligopoly<|control11|><|separator|>
[119]
Potash Corp, Agrium talk merger; competition scrutiny expected
Aug 30, 2016 · Antitrust concerns there could be addressed by the combined company selling at least one potash mine, brokerage Stifel said in a note. While ...Missing: concentration | Show results with:concentration
[120]
Agrium and PotashCorp Merger Completed Forming Nutrien, a ...
Jan 2, 2018 · The merger of equals resulted in PotashCorp shareholders receiving 0.40 common shares of Nutrien for each common share of PotashCorp they owned ...
[121]
Celebrating 65 years of potash in the province of Saskatchewan
For 65 years, Nutrien has been part of the fabric of Saskatchewan. From the first 1,000 tonnes of potash produced at our Patience Lake mine and shipped in ...
[122]
Canada's Potash Legacy - EPM Research
Jan 15, 2025 · Canada is the world's largest producer and exporter of potash accounting for nearly 38% of the global potash supply, a mineral critical to global agriculture.
[123]
[PDF] Potash Production Tax and Crown Royalty - NET
Saskatchewan potash operations. Net Profit Tax = Gross Profit ... Potash Crown Royalty is payable under The Subsurface Mineral Royalty Regulations, 2017.Missing: policy PotashCorp
[124]
The Great Saskatchewan Potash Debate
The answer is that about two-thirds of PotashCorp earnings come from Saskatchewan mines. Because company-wide earnings are net of corporate income tax.
[125]
Opinion: Potash tax loopholes are costing Saskatchewan billions
Dec 15, 2023 · Potash royalties, base payments and the profit tax collected $2.4 billion. Potash companies paid perhaps another billion in provincial corporate ...