Mosaic to Defer Canadian Expansion, Use Cash to Buy Back Shares
Potash – The Globe and Mail reported that Mosaic is deferring its plans for Canadian expansion, instead opting to buy back shares with an accumulated $2 billion cash pile.
Articles Tagged "mosaic"
Mosaic to Become Major Takeover Target by Month’s End
Potash – Bloomberg reported that Mosaic is likely to become a popular takeover target later this month, when it is anticipated that barriers that existed when Mosaic split from Cargill will be lifted.
50 Ducks Saved from Mosaic Tailings Ponds
Potash – Global News reported that about 50 ducks were saved and several died after landing in a Mosaic Co. (NYSE:MOS) tailings pond in Saskatchewan.
Uralkali Cautions Investors on 2013 Potash Demand
Potash – Caution from one of the world’s largest potash producers is likely to temper 2013 potash demand figures, but will not significantly change projected growth for the industry as a whole.
Corn Numbers Surprise Markets, Guide Phosphate
Potash – Initial spring crop numbers are giving markets — and phosphate producers — an early indication of just how big the expected American corn and soybean crops will be this year.
Mosaic’s Profits Fall on Phosphate Prices, but CEO Forecasts Growth in 2013
Potash – Falling phosphate prices reduced Mosaic's profits in the most recent quarter, but Jim Prokopanko, the company's CEO, expects 2013 to bring "record global phosphate shipments."
Mosaic Beats Forecasts with Surge in North American Sales
Potash – Bloomberg reported that Mosaic Co. beat forecasts with their Q2 profits, mostly due to an uptick in North American sales
Mosaic May Cut Potash Output Again
Potash – Bloomberg reported that Mosaic may be forced to decrease potash output again, due to waning demand.
Phosphate Price Volatility Burns Producers
Potash – Falling potash demand is pulling on phosphate as companies report falling phosphate fertilizer profits, softer demand forecasts and strong phosphate price volatility.
Is Potash Still a Wise Investment?
Potash – PotashCorp's earnings outlook cut is causing investors to question the future of the potash market.
