Norwegian group Yara is analysing an investment of US$2 billion in construction of a factory in Mozambique, and is considering the entry of more partners to share costs, Chief Executive Svein Tore Holsether told Reuters in Oslo.
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.
Mosaic Fertilizer (Mosaic) has completed the secondary stabilization bulk grouting phase, which added 7,100 cubic yards of grout into the upper portions of the sinkhole cavity and has resumed higher pressure grouting at the liner level.
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.
Agrium highlighted the importance to agriculture markets of rains in Brazil as it unveiled a larger than expected loss, reflecting “challenging” weather patterns, besides longer-than-expected ferttilizer shutdowns for maintenance.
Oslo, 6 November 2017: Yara International ASA completed the acquisition of Agronomic Technology Corp (ATC), which operates Adapt-N, a leading nitrogen recommendation platform in the US that improves farmer profitability and agricultural sustainability.
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.