Potash Corp Of Saskatchewan
(NYSE: POT)
40.93
-0.16
-0.39%
-0.16
-0.39%
MORE ON POT
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Potash Corporation of Saskatchewan, Inc. |
| Industry: | Agricultural Inputs |
| Employees: | 5,779 |
DESCRIPTION
| Potash Corporation of Saskatchewan, Inc. is a corporation continued under the Canada Business Corporations Act and is the successor to a corporation without share capital established by the Province of Saskatchewan in 1975. It is organized under the laws of Canada. It is an integrated fertilizer and related industrial and feed products company. The Company owns and operates five potash mines in Saskatchewan and one in New Brunswick. Its phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. The Company also has a phosphate mine and two mineral processing plant complexes in northern Florida and five phosphate feed plants in the United States. It produces phosphoric acid at its Geismar, Louisiana facility. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. The Company has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. All potash produced by the Company in Saskatchewan is in the southern half of the Province, where extensive potash deposits, or Members, are found. The potash ore is contained in a predominantly rock salt formation known as the Prairie Evaporite, which lies about 1,000 metres below the surface. The evaporite deposits, which are bounded by limestone formations, contain the potash beds of approximately 2.4 to 5.1 metres of thickness. Three potash deposits of economic importance occur in the Province: the Esterhazy, Belle Plaine and Patience Lake Members. The Patience Lake Member is mined at the Lanigan, Allan, Patience Lake and Cory mines, and the Esterhazy Member is mined at the Rocanville and Esterhazy mines. The mining and processing agreement between the Company and Mosaic Potash Esterhazy Limited Partnership terminated on 31 December 2012. The Company has the right to mine 773,812 acres of land in Saskatchewan. Its leases with the Province of Saskatchewan are for 21-year terms, renewable at the Company’s option. Our significant leases with other parties are also for 21-year terms. In New Brunswick, it mines pursuant to a mining lease with the Province of New Brunswick and has the right to mine 58,263 acres of land in New Brunswick. The Company produces potash using both conventional and solution mining methods. In conventional operations, shafts are sunk to the ore body and mining machines cut out the ore, which is lifted to the surface for processing. In solution mining, the potash is dissolved in warm brine and pumped to the surface for processing. The Company has four nitrogen production facilities, of which three are located in the United States and one is located in Trinidad: - Augusta, Georgia; Geismar, Louisiana; Lima, Ohio and Point Lisas, Trinidad. It has long-term leases on shipping terminals in Morehead City and Beaufort, North Carolina. |
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