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Chemicals Fertilizers and Agricultural Chemicals

  • WINNIPEG, Manitoba, Nov 23- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer maker by capacity, said on Wednesday that it was reducing output at one Canadian mine and temporarily curtailing production at two others, as the sector struggles with weak prices.

  • SANTIAGO, Nov 22- Chile's SVS securities regulator said on Tuesday that the eventual buyer of Oro Blanco's stake in Pampa Calichera must make a public offer to shareholders in fertilizer company SQM if the acquisition allows the purchaser to control SQM's board. An indirect stake in Chile's SQM, one of the world's biggest lithium and iodine suppliers, has been...

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilisers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilizers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • Environmental groups criticized the EPA approval. The EPA signed off on Monsanto's XtendiMax herbicide for in-crop use on Roundup Ready 2 Xtend biotech soybeans, designed to tolerate applications of glyphosate and dicamba, and its Bollgard II XtendFlex cotton, which can tolerate the two chemicals as well as glufosinate. The company is still awaiting an EPA...

  • WINNIPEG, Manitoba, Nov 4- Moody's Investor Service on Friday downgraded the credit rating of Potash Corp of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company's planned merger with rival Agrium Inc.. "Although management has taken significant steps to retain the A3 rating, market conditions will make it extremely...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday, shifting the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday, moving the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies...

  • CALGARY, Alberta/ WINNIPEG, Manitoba, Nov 3- S hareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies said at separate meetings in Saskatoon,...

  • Nov 3- Canadian fertilizer maker Agrium Inc, reported a surprise quarterly loss on Thursday as it grapples with low fertilizer and crop prices, and also cut its full-year profit forecast. Agrium cut its full-year profit forecast to $4.60 to $5 per share, from the prior range of $5 to $5.30 per share. Agrium reported a net loss from continuing operations of $39...

  • Nov 3- Canadian fertilizer maker Agrium Inc, reported a quarterly loss on Thursday hit by weak fertilizer and crop prices. The company reported a net loss from continuing operations of $39 million, or 29 cents per share, in the third quarter ended Sept. 30, compared with a net profit of $99 million, or 72 cents per share, a year earlier. Agrium, which agreed to merge with...

  • *Sales deals agreed with China. LONDON, Nov 3- Sirius Minerals the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertiliser, has completed the first $1.2 billion phase of its fund-raising, it said on Thursday. The fundraising for the project in northeast England was already on the way to hitting its target after...

  • *Sales deals agreed with China. LONDON, Nov 3- Sirius Minerals the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertilizer, has completed the first $1.2 billion phase of its fund-raising, it said on Thursday. The fundraising for the project in northeast England was already on the way to hitting its target after...

  • Fertilizer prices have plunged this year amid declining U.S. farm incomes and ample supplies, even as CF completes expansion of nitrogen facilities in Louisiana and Iowa. CF's quarterly loss totaled $30 million, or 13 cents per share, compared with a profit of $90 million or 39 cents per share a year earlier. The Deerfield, Illinois- based company's shares fell...

  • *Q3 adj profit 33 cents/ shr vs est 10 cents/ shr. Nov 1- U.S. fertilizer producer Mosaic Co may need to restart its idled potash mine at Colonsay, Saskatchewan next year, as international buyers work through inventories, the company said on Tuesday. Potash inventories in Brazil are low, supplies are dwindling in India and fertilizer is moving faster in China, said...

  • *Q3 adj profit 33 cents/ shr vs est 10 cents/ shr. Still, the average realized price of $160 per tonne of potash was much lower than $265 per tonne a year earlier. Plymouth, Minnesota- based Mosaic's net earnings fell to $39.2 million, or 11 cents per share, from $160 million, or 45 cents per share, a year earlier.

  • The Plymouth, Minnesota- based company sold 2.2 million tonnes of potash in the three months ended Sept. 30, compared with its forecast of 1.8-2.1 million tonnes, and up from 2.1 million tonnes last year. Still, the average realized price of $160 per tonne of potash, was much lower than $265 per tonne a year earlier. Mosaic's net earnings fell to $39.2 million, or 11...

  • Nov 1- Mosaic Co, the world's largest producer of finished phosphate products, reported a 75.5 percent fall in quarterly profit on Tuesday, due to lower fertilizer prices. The company's net earnings fell to $39.2 million, or 11 cents per share, in the third quarter ended Sept. 30 from $160 million, or 45 cents per share, a year earlier. The U.S. fertilizer company said net...

  • NEW YORK, Oct 27- A New York state appeals court on Thursday cleared the way for billionaire investor Carl Icahn to pursue an unusual malpractice lawsuit against the powerful law firm Wachtell, Lipton, Rosen& Katz over his 2012 hostile takeover of CVR Energy Inc.. The 5-0 decision by the Appellate Division in Manhattan frees CVR to contest whether Wachtell should...

  • TORONTO/ WINNIPEG, Oct 27- Shareholders of Agrium Inc and Potash Corp of Saskatchewan Inc are set to overwhelmingly approve a merger of the two Canadian fertilizer producers, according to a source familiar with the situation, despite initial skepticism from Agrium investors. Potash shares dipped slightly in New York and Toronto on Thursday, while Agrium stock...