Acquisitions by China’s gold mining companies reached a record this year as the metal’s steepest quarterly drop in more than nine decades slashes mine values and sidelines Western competitors laden with debt.
Potash Corp. of Saskatchewan Inc., the largest North American producer of its namesake fertilizer, said it doesn’t expect a dispute between two producers in the former Soviet Union to last and that forecasts of a price slump are overdone.
North American fertilizer production projects totaling $22 billion may be at risk of delay amid increased scrutiny from regulators and communities after last week’s explosion at a Texas plant killed 14 people.
Cargill Inc. Chief Executive Officer Greg Page, who runs the largest agricultural company in the U.S., has a good idea whom to blame for the global surge in food prices at the end of 2010: governments.
International Paper Co., Weyerhaeuser Co. and other pulp and paper makers may be eligible for U.S. tax credits of as much as $25 billion through 2012, far exceeding the so-called black-liquor benefits that bolstered profit this year, equity and tax analysts said in reports today.
DuPont Co. , the third-biggest U.S. chemical maker, posted fourth-quarter earnings that beat analysts’ estimates as paint-pigment and solar-materials jumped and taxes plunged. DuPont raised its 2011 profit forecast.
Weyerhaeuser Co., a U.S. lumber producer and home builder, fell the most in nine months after profit from land sales in the fourth quarter overshadowed weaker-than-expected earnings from wood products.