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potash corp of saskatchewan (POT) Snapshot

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05/17/13 - C$45.14
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07/30/13 - C$28.75
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potash corp of saskatchewan (POT) Details

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products worldwide. It mines and produces potash, which is primarily used as fertilizer. The company also offers solid and liquid phosphate fertilizers; animal feed supplements; purified phosphoric acid, which is used in food products and industrial processes; hydrofluosilicic acid; and silicon tetrafluoride. In addition, it produces nitrogen fertilizers and nitrogen feed, as well as industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. The company owns and operates five potash mines in Saskatchewan and one potash mine in New Brunswick. It holds the right to mine 769,260 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers to retailers, dealers, cooperatives, distributors, and other fertilizer producers, as well as industrial products primarily to chemical product manufacturers. Potash Corporation of Saskatchewan Inc. was founded in 1953 and is headquartered in Saskatoon, Canada.

5,787 Employees
Last Reported Date: 02/28/14
Founded in 1953

potash corp of saskatchewan (POT) Top Compensated Officers

President and Non Independent Director
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $588.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $574.5K
Head of Sales and President of PCS Sales
Total Annual Compensation: $435.6K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $434.9K
Compensation as of Fiscal Year 2013.

potash corp of saskatchewan (POT) Key Developments

Potash Corp. of Saskatchewan, Inc. Announces Executive Changes

Potash Corp. of Saskatchewan, Inc. appointed Dr. Cookenboo to replace Mr. Costa as Consulting Geologist for the Amazonas Potash Project. Dr. Cookenboo replaces Mr. Andre Costa who tendered his resignation as Chief Geologist to the company, effective February 28, 2014, to pursue other independent consulting assignments. Appointment of Mr. John Santos as General Manager of Potassio Ocidental. The Company also announced the appointment of Mr. John Santos as the General Manager of the Company's wholly owned Brazil subsidiary, Potassio Ocidental. Mr. Santos is a businessman with experience dealing in all aspects of the Brazilian mining industry including government negotiations and reporting.

Potash Corporation of Saskatchewan Inc. Appoints Jochen Tilk as President and CEO, Effective July 1, 2014

Potash Corporation of Saskatchewan Inc. announced that the board of directors has appointed Jochen Tilk as President and CEO, effective July 1, 2014. After 27 years of dedicated service - during which PotashCorp grew to become the crop nutrient company - Bill Doyle will step down as President and CEO, but remain employed with the company as a Senior Advisor through June 2015. Tilk comes to the company after a 30-year career in the mining industry, most recently serving as President and CEO of Inmet Mining.

Potash Corp. of Saskatchewan, Inc. Announces Issuance of Notice of Redemption for All of 5.25% Notes Due May 15, 2014

Potash Corporation of Saskatchewan Inc. announced that it has issued a notice of redemption for all of its outstanding $500 million aggregate principal amount of 5.25% Notes due May 15, 2014. The redemption date is April 7, 2014 and the redemption price will be equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) a make-whole amount equal to the present value of the remaining scheduled payments, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the adjusted treasury rate plus 50 basis points, together with, in each case, accrued and unpaid interest on the principal amount of the Notes to be redeemed to the redemption date. PotashCorp intends to fund the redemption with the proceeds from its offering of $750 million aggregate principal amount of its 3.625% Notes due 2024, which closed on March 7, 2014. As of March 7, 2014, $500 million of the principal amount of the Notes remains outstanding. From, and after the date of redemption, the Notes will no longer be deemed outstanding. Interest will cease to accrue unless PotashCorp defaults in the payment of the redemption price plus accrued and unpaid interest on the outstanding aggregate principal amount of the Notes to the redemption date.


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