News

 

Due to continued positive agricultural fundamentals and strong potash demand in export markets, Canpotex is now fully committed on planned shipment volumes through the end of April 2017.

As positive agricultural fundamentals continue to strongly support potash usage in Brazil, Canpotex has finalized pricing for some smaller volumes to this major market at a new price level of US$ 250.00/MT CFR reflecting the increased demand that has been present since last year and which is continuing as we move into the second quarter of 2017.

Canpotex has finalized pricing with our Japanese customers for 1st half 2017 shipments at an increase over the 2nd half 2016 price levels. The new agreement reflects an average price equivalent to over US$ 300/MT CFR Japan depending on grade.

Canpotex has confirmed recent sales of over 50,000 MT of potash to Brazil at US$245/MT CFR. Fertilizer demand in Brazil reached record high levels in 2016 and such demand is expected to remain at or even exceed these record high levels in 2017.

Potash demand in all export market regions continues to be strong into 2017, and Canpotex is already fully committed on planned shipment volumes through the end of March 31, 2017. Estimates of opening potash inventory levels in all major export market regions are lower than last year's comparisons, providing a strong base of demand into 2017.

The Canpotex Board of Directors has approved a new methodology for determining the amount of increased productive capacity resulting from such completed major mine expansions as its producers may independently decide to undertake. The aggregate productive capacities of Canpotex producers are used in determining their respective export sales entitlements through Canpotex.

Until now, Canpotex producers have had to demonstrate increases in productive capacity of existing mines from completed major mine expansions through an independently audited sustained production run of 90 operating days, scheduled at the producer’s discretion. The new methodology will instead rely on an independent engineering firm and approved protocols to calculate productive capacity.

Audit protocols employed by the independent engineer will consider historical data and designed increases tested against a set of detailed parameters. Both conventional and solution mine audit protocols will also include a short 10- to 14-day production run scheduled at the producer’s discretion to validate audit results.

Although the new audit procedures are intended to replace the need for a more sustained production run to determine increased productive capacity resulting from a completed major mine expansion, a Canpotex producer which is dissatisfied with the engineering audit results will still be able to thereafter elect to revert to the audited 90-day run procedure and have those operating results used to calculate the increased productive capacity of its mine resulting from the major mine expansion. The new procedures also will not apply to such major mine expansions that have previously completed a 90-day production run to demonstrate the mine’s increased productive capacity, or which may be in the process of conducting a 90-day production run.

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Canpotex Limited (Canpotex) is pleased to announce that President and CEO Ken Seitz will participate in the Asia-Pacific Economic Co-operation (APEC) CEO Summit, being held in Lima, Peru from November 17-19, 2016.

The APEC CEO Summit brings together heads of state, business leaders and key influencers to discuss development and trade issues across the Asia-Pacific region. Canpotex markets and distributes Canadian potash overseas, and is one of Canada’s largest exporters to many APEC countries, including Australia, Chile, China, Indonesia, Japan, Korea, Malaysia, New Zealand, Peru, the Philippines, Thailand and Vietnam.

Canpotex, with its head office in Saskatoon, is Canada’s largest mineral exporter. With its extensive supply chain network and global reach, Canpotex markets Canadian potash to approximately 40 countries around the world.

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Canpotex Limited (Canpotex) today announced that its Board of Directors has decided not to proceed with construction of a new export terminal at the Port of Prince Rupert in British Columbia.

The decision was based on economic and commercial considerations.  With highly efficient export terminals in Vancouver, Saint John and Portland, Canpotex has determined it has sufficient port access and terminal capacity options to meet its needs.

“This decision was made after careful deliberation of Canpotex’s current and anticipated terminal capacity needs, and the options we have to meet those needs” said Ken Seitz, Canpotex’s President and Chief Executive Officer.  “We sincerely appreciate the relationships developed over the years this project was considered.  We thank all project stakeholders and community members for their constructive interactions with Canpotex and interest in the project.”

Canpotex, with its head office in Saskatoon, Saskatchewan, is Canada's largest mineral exporter.  With its extensive supply chain network and global reach, Canpotex markets Canadian potash to approximately 40 countries around the world.
 
For more information contact:
Natashia Stinka
Manager, Government and Public Relations
(306) 931-7534
natashia.stinka@canpotex.com
 
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Kinsmen Park Canpotex Train

The City of Saskatoon (City) is pleased to announce PotashCorp Playland at Kinsmen Park will open on Wednesday, August 5, 2015, at 10 a.m.

“We are very excited that families are now having fun at the brand new PotashCorp Playland at Kinsmen Park,” says Jochen Tilk, President and Chief Executive Officer of PotashCorp.  “We are so happy to see the wonderful new vision for the park brought to life and we’re sure the community will enjoy it for many years to come.”

PotashCorp provided $7.5 million of the total cost of $9.5 million to develop PotashCorp Playland, which includes a Ferris wheel, carousel, and train ride, along with a variety of play areas. The new train, sponsored by Canpotex Limited and Canadian Pacific, is one of the most anticipated new attractions.

“This is a significant milestone - Phase One of the Kinsmen Park Master Plan is now complete,” says the City’s Recreation and Sport Director, Cary Humphrey. “Thanks to our sponsors, PotashCorp, Canpotex, and Canadian Pacific; this facility is a first-class attraction that will draw visitors from near and far.”

Download the complete City of Saskatoon press release here

Saskatoon, Saskatchewan – Canpotex Limited today announced that the Board of Directors has appointed Ken Seitz as President and Chief Executive Officer (CEO), effective November 1, 2015. After 32 years of dedicated service, Steve Dechka will retire as President and CEO at the end of the year.

“We’re very pleased to announce Ken as the next President and CEO of Canpotex,” stated Chuck Magro, President and CEO of Agrium Inc. “He brings a wealth of experience and knowledge to Canpotex, and we are thrilled to have him.”

“The Board conducted a thorough search process to identify the best candidates, and we unanimously agree that Ken is the right person to lead Canpotex,” said Jim Prokopanko, President and CEO of The Mosaic Company.

“Ken has deep expertise in marketing and business development, and we have every confidence that he will continue his record of success in his new role at Canpotex,” said Jochen Tilk, Canpotex Board Chair and President and CEO of PotashCorp.

Prior to joining Canpotex, Seitz was Senior Vice-President and Chief Commercial Officer of Cameco Corporation. He was responsible for most of the commercial aspects of the organization. He has over 20 years of industrial experience, primarily in the resource industry, and has focused expertise with acquisitions and divestitures, business development, and marketing and sales. Ken’s role at Cameco required him to interact with business executives and governments around the world.

“I am both honoured and excited to join the Canpotex team. Canpotex has grown significantly and succeeded under Steve’s leadership. I share his belief in the power of people, and in his unwavering commitment to customers,” Seitz said. “We will build upon the strong foundation he has helped to create. I look forward to getting to know our employees, customers, vendors, community members and other stakeholders.”

Seitz has three degrees from the University of Saskatchewan (Bachelor of Science, Bachelor of Engineering and a Master of Business Administration) and is a Professional Engineer with the Association of Professional Engineers and Geoscientists of Saskatchewan. Seitz has earned an Executive Certificate in Management from the Stern School of Business, New York University.

“The Board of Directors wishes to thank Steve for his exceptional service as President and CEO of Canpotex,” said Tilk. “Since joining Canpotex in 1983, becoming President in 1991 and CEO in 2001, Steve has consistently demonstrated his abilities to build networks, inspire achievement and to lead by example. He has dedicated his professional life to building strong relationships with the goal of bringing Saskatchewan potash to the world and helping farmers grow more food. We are pleased that Steve will remain with Canpotex in an advisory capacity in order to support the leadership transition process. Steve will work with Ken to ensure the transition is smooth and seamless.”

“I am privileged to have served Canpotex for nearly 33 years,” said Dechka. People are at the heart of our business and it is these people – our employees, customers and other business and community partners – that have created our success. I believe Canpotex is in strong hands with Ken and I am excited to watch the Company continue to thrive under his leadership.”

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Canpotex Sample Railcar

Saskatoon, Saskatchewan – Canpotex has selected National Steel Car of Hamilton, Ontario, to manufacture 700 new railcars specially designed to transport Saskatchewan potash to coastal ports.  Canpotex’s investment in these additional railcars is valued at $70 million.  Since 1999, Canpotex has invested over $500 million to build over 7,000 railcars with National Steel Car.

“Canpotex’s success is due in part to our 43-year reputation as a reliable supplier of potash.  The quality and innovative design of the railcars from National Steel Car will ensure we continue to reliably deliver the potash our global customers need, when they need it,” Canpotex President and CEO Steve Dechka noted.

Canpotex’s railcars are custom-designed in Canada by National Steel Car in collaboration with Canpotex to conform ‎to the specific properties of potash.  This innovative design has allowed Canpotex to optimize the number of tonnes per railcar as well as maximizing the number of railcars per unit train‎.  The use of these cars by Canpotex has increased overall train efficiencies by over 90%, resulting in reduced greenhouse gas emissions as well as enhanced capacities within respective rail corridors.  As a result, since 2000, Canpotex has doubled its annual rail shipments without adding an additional train and, consequently, without placing any additional strain on Canada’s rail system.

Mr. Dechka added, “Canadians throughout the country benefit from the global export of Saskatchewan potash.  We are delighted Canpotex’s $70 million investment in railcar capacity will stay in Canada by working with National Steel Car and their Hamilton employees.”

“We are proud of our strong relationship and 20-year history of working with and producing industry-leading potash cars for Canpotex,” stated Gregory J. Aziz, National Steel Car’s Chairman and CEO.  “We greatly appreciate the trust Canpotex has repeatedly placed with our company.  This order alone will secure approximately seven months of employment for over 400 of our 2,400 employees, and will provide significant additional benefits to our Province.”

Potash is Canada’s largest mineral export and Canpotex currently ships in excess of 10 million tonnes per year, representing approximately $3 billion in annual exports. Once in service, Canpotex’s railcars will transport potash from Saskatchewan to Canpotex port facilities in Canada and the United States, to meet the needs of Canpotex’s customers in 36 global markets.

Road Rail and Utility Corridor Celebration

On May 19, 2015, Canpotex congratulated the Prince Rupert Port Authority on the completion of the first phase of construction of the Road, Rail and Utility Corridor.  More information can be found at http://www.rupertport.com/news/releases/rruc-unlocks-opportunities.

Canpotex has finalized potash supply contracts for 2015 with all of its major customers in China, including Sinofert (Sinochem Fertilizer Macao Commercial Offshore Ltd.). Pricing was confirmed with its customers at current competitive levels.  
 
Canpotex expects its 2015 shipments to China will reach a minimum of approximately 1.8 million tonnes, surpassing the 1.6 million tonnes shipped in 2014. Under the parameters of its existing Memorandums of Understanding (MOUs), shipment volumes could increase to a maximum of approximately 2.5 million tonnes, depending on market demand, supply availability and logistics.

Saskatoon, Saskatchewan – Canpotex Limited (Canpotex) has entered into a new three-year Memorandum of Understanding (MOU) with Sinochem Fertilizer Macao Commercial Offshore Ltd. (Sinofert) to supply a minimum of 1.9 million metric tons of red standard grade potash during the term of the MOU.  In addition, Sinofert has the option to purchase up to 2.4 million metric tons (800,000 metric tons per year) of other grades of Canpotex potash during the term of the MOU.  Pricing will be negotiated every six months (January to June and July to December), based on market conditions.

This afternoon Mayor Michael Fougere received a model of the MV Ultra Regina vessel from Canpotex Limited. The vessel was presented by Mrs. Tami Wall along with Mr. Steve Dechka, President and Chief Executive Officer of Canpotex.

The presentation is in celebration of the MV Ultra Regina vessel, which was launched in Hiroshima, Japan in October 2013. In attendance at the vessel delivery ceremony were Premier Brad Wall and Mrs. Tami Wall, who was named Godmother of the ship (traditional in Japanese shipbuilding). As Godmother, Tami christened the vessel by breaking a ceremonial bottle of champagne over the bow, naming the vessel aloud and launching it on its maiden voyage.

Premier at Potash Signing

Today Premier Brad Wall witnessed the signing of two new marketing agreements that will see millions of tonnes of Saskatchewan potash shipped to India over the next few years.

Canpotex, the off-shore marketing arm of Saskatchewan potash producers, signed separate sales agreements with Coromandel International Ltd. (CIL) and Tata Chemicals Limited (TCL).  The two companies, along with Indian Potash Limited (IPL), were also recognized by Canpotex for their long-time patronage.

In addition, Canpotex signed an Enhanced Market Development Agreement with each of the three companies to promote the use of potash in India.

Canpotex Terminals Limited (Canpotex) announces that it has now received all required government environmental permits for its proposed potash export terminal at Prince Rupert and has signed a lease agreement with the Prince Rupert Port Authority (PRPA).

The execution of the lease agreement is an interim step in the development of Canpotex’s proposed Greenfield potash terminal on Ridley Island. 

Canpotex will make a final investment decision to proceed based on a variety of commercial factors, including construction costs and offshore potash market projections. No date has been set for making this decision. If a decision is made to proceed, the Potash Export Terminal investment would be approximately CDN $775 million, and would provide Canpotex with three separate gateways and rail corridors to the west coast.

Canpotex has invested approximately CDN $50 million to date in the proposed project, which includes CDN $15 million towards the PRPA’s Road Rail Utility Corridor.

For information regarding Canpotex’s proposed Potash Export Terminal project details, please visit the Government of Canada’s Major Project Management Office (http://www.ceaa-acee.gc.ca/050/details-eng.cfm?evaluation=47632).

Our Portland Terminal facility primarily handles specialty potash products.

October 8, 2014 - Portland, Oregon - Port of Portland

Port of Portland announces a $140 million investment by Canpotex at its Portland Bulk Terminals facility. This investment will improve the efficiency of Canpotex’s shiploading operations and the management of Canpotex’s specialty potash products to meet the needs of Canpotex global markets and customers.

Today, Canpotex Limited (Canpotex), Canadian Pacific (CP), and the City of Saskatoon (City)  announced the funding support for the new Canpotex Train, which will be one of the main attractions at the future home of PotashCorp Playland at Kinsmen Park.  “The Train is a major attraction to the Park,” notes Steve Dechka, Canpotex’s President and Chief Executive Officer, “and Canpotex, along with our partner CP, is excited to help the City of Saskatoon cultivate this experience for Saskatoon’s children, families, and visitors at this important landmark.”

In 2014, over 42 years after its first potash shipment in 1972, Canpotex Limited (Canpotex) achieved yet another milestone by supplying a total of 200 million tonnes of Saskatchewan potash to offshore customers—primarily to countries in Asia, Latin America and Oceania.

“200 million tonnes is a significant number,” notes Canpotex’s President and Chief Executive Officer, Steve Dechka. “We take great satisfaction in knowing that Saskatchewan potash has consistently satisfied our international customers and assisted them in contributing to global food security. Saskatchewan is helping feed the world in other words, one potash shipment at a time.”

© 2017 Canpotex Limited