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Vale to sell subsidiary to Yara

Vale S.A. has announced that it has entered into a quota purchase agreement with Yara International ASA to sell its fully owned subsidiary Vale Cubatão Fertilizantes Ltda.

Potash Ridge signs over Valleyfield Fertilizer assets

Potash Ridge Corp. signs a Letter of Intent (LOI) with Canada Coal Inc. to enable the potential purchase, joint venture or otherwise complete transaction for the assets of Valleyfield Fertilizer Corp.



 

Terra Nitrogen releases 3Q17 results

According to Reuters, Terra Nitrogen Co. has released its results for 3Q17, reporting sales of US$84.6 million compared to US$90.2 million.

 

Haldor Topsoe launches new catalyst

Haldor Topsoe has launched a new highly active catalyst that offers sulfuric acid plant operators an effective way to achieve compliance with emissions standards without compromising performance.


 

Agrium reports 3Q17 results

Agrium Inc. has released a statement announcing its results for 3Q17, reporting a net loss from continuing operations of $69 million ($0.52 diluted loss per share).

 
 

Itafos to acquire Conda Phosphate Operations

Itafos has signed a definitive arm’s length purchase agreement with Agrium Inc. to acquire Agrium’s Conda Phosphate Operations – an integrated producer of phosphate fertilizers and specialty products.

 

Yara to sign Ethiopian mining agreement

Yara has announced that it is set to sign a mining agreement with the Ethiopian authorities, making the future development of the Yara Dallol potash mine possible.

 
 
 

EuroChem appoints new COO

Global fertilizer company EuroChem Group AG has announced that Dmitry Strashnov has been appointed Chief Operating Officer.

 

Siwertell secures fertilizer unloader order

Siwertell has announced that it has secured a contract for an ST 490-M ship unloader from leading Norwegian mineral fertilizer producer, Yara International.

 
 

Mosaic reports increase in income

Mosaic Co. has released its results for 3Q17, reporting a net income of US$227 million, compared to a net income of US$39 million in 3Q16.

 
 
 
 

PotashCorp releases 3Q17 results

PotashCorp has released its results for 3Q17, reporting earnings of $0.06 per share, including $0.03 per share related to a non-cash impairment charge in phosphate.

 
 

 

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Vale to sell subsidiary to Yara

Vale S.A. (Vale) has announced that it has entered into a quota purchase agreement with Yara International ASA to sell its fully owned subsidiary Vale Cubatão Fertilizantes Ltda.

The subsidiary currently owns and operates the nitrogen and phosphate assets located in Cubatão, Brazil.

The purchase price is US$255 million to be paid in cash upon the closing of the transaction contemplated by the purchase agreement, which is expected to occur in 2H18. Consummation of the transaction is subject to the satisfaction of a number of conditions precedent, including the approval of the Brazilian anti-trust authority (CADE) and other authorities and a third party’s determination not to exercise, or to waive, by the end 2017, its right of first refusal on the same terms and conditions as proposed by Yara.

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