Nutrien Ltd., Saskatoon, today affirmed plans to close its Rocanville potash mine in Saskatchewan for two weeks even though the Canadian Rail strike is to end Nov. 27 at 6:00 a.m. “The altered shipping patterns resulted in the site reaching containment and will still require the two-week downtime to get inventories balanced,” a company spokesman told Bloomberg.
OCP SA, Casablanca, reported a 5 percent fall in third-quarter EBITDA to MAD4.6 billion ($478 million) on revenues of MAD14.87 billion ($1.55 billion), down from the year-ago MAD4.82 billion ($511 million) and MAD14.5 billion ($1.54 billion), respectively. Revenues were up by nearly 3 percent, driven by increased fertilizer exports, the company said.
The CN rail union has said the strike will end Nov. 27 at 6 a.m., according to a Bloomberg report.
Petróleo Brasileiro SA (Petrobras), Rio de Janeiro, has terminated negotiations with Russia’s Acron Group without a deal being concluded for the sale of its 100 percent stakes in the nitrogen fertilizer plant Araucária Nitrogenados SA (ANSA), in Paraná state, and the still-to-be completed Unidade de Fertilizantes Nitrogenados III (UFN-III) nitrogen fertilizer plant at Três Lagoas in Mato Grosso do Sul state, according to a Bloomberg report, citing a Petrobras filing.
