Nutrien Ltd has announced that its Board of Directors has approved, subject to regulatory approval, an increase to the share repurchase programme through its previously announced normal course issuer bid (NCIB) expiring on February 22, 2019, raising the maximum number of shares that may be acquired under the NCIB to 50 363 686 common shares, or approximately 8% of outstanding shares.
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The plant will be located in Sulawesi.
Finished imported NPK products are said to be affected by The Central Bank of Nigeria's announcement to cut foreign currency access for all fertilizer imports.
Canadian Pacific has showcased its next generation of grain transportation: a high efficiency product (HEP) train.
In a meeting held on 5 December the company’s board of directors approved its 2040 Strategic Plan, part of which confirmed the company's ending of business in the fertilizer industry.
Chuck Magro, Nutrien's President and CEO, said the sale "marks the conclusion of a major deliverable for Nutrien."
The tunnel will convey up to 20 million tpy of polyhalite ore from the company’s new underground mine near Whitby in the UK.
IFFCO, the Indian fertilizer producer and marketer, has signed off the official acceptance certificate of a revamping project involving 13 fertilizer plants.
The urea ammonium sulphate facility at the Novomoskovskiy Azot plant is projected to reach a final production capacity of 600 tpd.