Phosphoric Acid, Phosphates & Fertilizers Experts

Preparations Well Underway to Become Operating Partner of Miski Mayo Joint Venture in Peru

When Mosaic’s purchase of Vale Fertilizantes is finalized, we will acquire Vale’s 45 percent ownership of the Miski Mayo phosphate mining company in Peru. Combined with the 30 percent ownership we already have – this will make Mosaic majority owner and operating partner of the joint venture. The Japanese company, Mitsui, will maintain 25 percent ownership.

Continue reading

Agrium Announces Sale of Conda Phosphate and North Bend Nitric Acid Operations

CALGARY, AB–(Marketwired – November 07, 2017) – Agrium Inc. (TSX: AGU) (NYSE: AGU) announces that it has signed a definitive asset purchase agreement with Itafos, whereby Agrium will sell its Conda, Idaho, phosphate production facility and adjacent phosphate mineral rights for a sale price of approximately $100-million, including working capital. Agrium has also entered into a definitive asset purchase agreement with Trammo Nitrogen Products, Inc., a wholly-owned subsidiary of Trammo Inc., whereby Agrium will sell its North Bend, Ohio Nitric Acid facility.

Continue reading

Long-term Agreement between Sinochem and OCP

On October 24, 2017, Qin Hengde, President of Sinochem Agriculture Business and CEO of Sinofert, and Mohamed Belhoussian, Executive Vice President of OCP Group, signed a five-year Memorandum of Understanding (2017-2021) in Shanghai. According to the MOU, Sinochem will be the exclusive agency for distributing OCP’s phosphate rock and diammonium phosphate (with exceptional channels agreed upon by both companies). The total volume is about 5 million metric tons and the prices will be determined in consideration of the market prices. This agreement will be executed by Sinofert on behalf of Sinochem.

Continue reading