The world’s eight largest potash miners, whose market control already exceeds that of oil cartel OPEC, are poised to tighten their grip on prices of the crop fertilizer as proposed mergers consolidate sales channels.
Ford Motor Co., entering contract talks with the Canadian Auto Workers union, will try to close a $15 an hour all-in labor cost gap versus what the company pays its U.S. workers, according to a senior company official.
BHP Billiton Ltd.’s proposed takeover of Potash Corp. of Ssskatchewan Inc. could cut the Canadian province’s revenue by at least $2 billion of the next 10 years, according to a report by the Conference Board of Canada.
A report scheduled to be published today on the potential sale of Potash Corp. of Saskatchewan Inc. urges the Canadian province of Saskatchewan to study the past corporate behavior of possible buyers, the Globe and Mail said.
BHP Billiton Ltd. ’s $40 billion hostile bid for Potash Corp. of Saskatchewan Inc. would have “few” negative effects on the province of Saskatchewan apart from C$2 billion ($1.95 billion) in lost revenue, a report said.