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Old deals in risky countries continue to haunt junior resource sector

Given recent headlines, it is hard to imagine that Khan Resources Inc. was ever in an enviable position. But in early 2010, it really was. 1,531 more words

Mining

Shares sink as Potash Corp. slashes 2015 forecast on price outlook

Source: The Globe and Mail

Summary:

  • Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer, cut its full-year earnings forecast because of higher taxes and lower income from foreign investments.
  • 85 more words
Potash

Potash Corp cuts 2015 earnings forecast on outlook for prices, taxes

Potash Corp. of Saskatchewan Inc. cut its full-year earnings outlook on Thursday due to increased Saskatchewan potash taxes and weaker-than-expected first quarter performance.

Nonetheless, chief executive Jochen Tilk tried to put a positive spin on the market conditions. 421 more words

Breaking

Cheap contracts, tax changes and supply gluts: Bad news continues to hurt potash stocks

Potash producers just can’t catch a break.

A cheaper-than-expected contract between China and Belarus, changes to potash taxes in Saskatchewan and an ongoing market oversupply have all conspired to dent potash stocks and analyst outlooks for this year. 462 more words

Investing

FP Watchlist: Potash Corp, Silver Wheaton Corp, Bombardier Inc

Potash Corp. warns its profit could take $100-million hit, Silver Wheaton Corp. cuts its dividend and Bombardier Inc. awarded new rail contracts.

Investing

Potash Corp profit to take $100-million hit this year after Saskatchewan tax-rule changes

Saskatchewan is preparing to review its byzantine potash royalty regime, and Premier Brad Wall thinks it is long overdue.

“Without the incentives that are overlaid on top of the royalty structure for brownfield and greenfield investment, we have the highest potash taxes on earth,” he said in an interview. 555 more words

Investing

Former Banco Santander executive indicted in U.S. for Potash Corp insider trading

A former European banker who allegedly bought securities in Saskatchewan’s Potash Corp., after learning from inside information of a looming takeover bid, has been indicted for insider trading in the U.S. 224 more words

FP Street