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Motley Fool Global Gains / GGS: Potash Corp.
|Subject: In fertilizer industry, the manure hits the fan||Date: 8/18/2012 11:20 AM|
|Author: Starrob||Number: 41 of 47|
"Troubles in agriculture
Canada's fertilizer industry is going through something of a rough patch.
First, Agrium Inc. found itself under attack this week as New York hedge fund Jana Partners LP pushed for the agri-business giant to break in two, separating its retail business from its potash and other operations.
Then yesterday, as The Globe and Mail's Richard Blackwell reports, Brazil's Vale SA said it's delaying a $3-billion potash project in Saskatchewan, a move that will ripple through the local economy.
And last night, Potash Corp. of Saskatchewan announced a month-long shutdown of its Lanigan potash mine, east of Saskatoon, to help balance supply with demand."
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