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PotashCorp
The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018. The company was the world's largest potash producer and the third largest producer of nitrogen and phosphate, three primary crop nutrients used to produce fertilizer. At the end of 2011, the company controlled twenty percent of the world's potash production capacity, two percent of nitrogen production capacity and five percent of phosphate supply. The company was part-owner of Canpotex, which manages all potash exporting from Saskatchewan. It also had a joint-venture with Sinochem named Sinofert. In late 2013, it was 60%-owned by institutional shareholders. In 2007, the CEO, William Doyle was by far the highest earning CEO in Canada, earning $320 million. History PotashCorp was established by the government of Saskatchewan in 1975. In 1989 it became a ...
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William Doyle (businessman)
William "Bill" Doyle was the CEO of the Potash Corporation of Saskatchewan (PotashCorp), the world's largest fertilizer company by capacity. Doyle has served as CEO of PotashCorp since 1999. On April 6, 2014, Doyle announced his intention to retire on July 1, 2015, and to transition from president and CEO to senior advisor on July 1, 2014, when he was succeeded by Jochen Tilk. Doyle formerly served as president of the International Fertilizer industry Association, a trade association representing the global fertilizer industry, and is a board member of Canpotex and the International Plant Nutrition Institute. Doyle is a 39-year veteran of the fertilizer industry. He currently serves as Chairman of the Board of Directors of Georgetown University, having succeeded former NFL commissioner Paul Tagliabue in July, 2015. CEO of PotashCorp Bill Doyle was appointed president and chief executive officer of PotashCorp on July 1, 1999, after 12 years as a member of the PotashCorp senior ...
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Nutrien
Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. It is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world. It has over 2,000 retail locations across North America, South America, and Australia with more than 23,500 employees. It is listed on the Toronto Stock Exchange (symbol ) and New York Stock Exchange (symbol ), with a market capitalization of $34 billion as of January 2018. It was formed through the merger of PotashCorp and Agrium, in a transaction that closed on January 1, 2018. History Merger PotashCorp and Agrium first proposed merging in September 2016. The merger was suggested in the context of low fertilizer prices, leading to the hope that a larger company will be better able to increase prices. The new company also hopes to reduce costs through consolidation; it estimates that it will be able to decrease costs by $500 million USD. The transaction was originally expected to close in mid ...
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Agrium
Agrium was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America. In 2018, Agrium merged with PotashCorp to form Nutrien. History Agrium was founded as Cominco Fertilizers (short for Consolidated Mining and Smelting Company) in 1931 and changed its name to Agrium in 1995. Agrium was headquartered in Calgary, Alberta, Canada. Crop Production Services, Inc., a subsidiary company, was based in Loveland, Colorado and was the location of Agrium's Retail Business Unit head office. The company was a part-owner of Canpotex, which manages all potash exporting from Saskatchewan. On September 12, 2016, Agrium announced that it had agreed to merge with PotashCorp, which will make the combined company, Nutrien, the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide ...
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Investment Canada Act
The Investment Canada Act (ICA) is a Canadian federal law governing large foreign direct investment in Canada. The ICA was one of the first acts of Brian Mulroney's newly elected Progressive Conservative government, receiving royal assent on 20 June 1985. It has been amended at various times, including recently the Economic Action Plan 2013 Act. Pertinent regulations include the Investment Canada Regulations, SOR/85-611. The Act empowers the government to forbid foreign investments of "significant" size if they do not present a "net benefit to Canada." As of 2017, Canadian policy is to consider over $1 billion "significant." The determination of what substantially constitutes the locus of control of a corporation is governed by the Canadian Ownership and Control Determination Act. History The Act was intended to signal Canada's openness to foreign investment and coincided with a narrowed mandate of the Foreign Investment Review Agency (FIRA), which was renamed Investment Ca ...
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Saskatchewan
Saskatchewan ( ; ) is a Provinces and territories of Canada, province in Western Canada, western Canada, bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and on the south by the United States, U.S. states of Montana and North Dakota. Saskatchewan and Alberta are the only landlocked provinces of Canada. In 2022, Saskatchewan's population was estimated at 1,205,119. Nearly 10% of Saskatchewan’s total area of is fresh water, mostly rivers, reservoirs and List of lakes in Saskatchewan, lakes. Residents primarily live in the southern prairie half of the province, while the northern half is mostly forested and sparsely populated. Roughly half live in the province's largest city Saskatoon or the provincial capital Regina, Saskatchewan, Regina. Other notable cities include Prince Albert, Saskatchewan, Prince Albert, Moose Jaw, Yorkton, Swift Current, North Battleford, Melfort, Saskatchewan, Melfort, and ...
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Jochen Tilk
Jochen Tilk served as the Executive Chairman of Nutrien from 2014 to 2018. He was President and CEO of PotashCorp from July 1, 2014 until its merger with Agrium to form Nutrien. Previously he served as CEO of Inmet Mining Corporation, a Canadian metals company with operations in Turkey, Finland, Spain, and development in Panama, between 2009 and 2013. He is also the former Chair of Petaquilla Copper Limited. He currently serves on the Boards of Durectors of Emera, AngloGold Ashanti Limited and the Princess Margaret Cancer Foundation During his 24 years at Inmet, Tilk, through asset optimization, organic growth and strategic acquisitions, grew Inmet into a $5 billion-plus enterprise, and led capital expenditure programs of approximately US$7 billion with new mine developments in Spain and Central America Central America ( es, América Central or ) is a subregion of the Americas. Its boundaries are defined as bordering the United States to the north, Colombia to the ...
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Sinofert
Sinofert Holdings Limited or Sinofert (), formerly Sinochem Hong Kong Holdings Limited, is the largest all-rounded fertilizer enterprise in China. It is engaged in chemical fertilizer business in China, which involves research and development, production, procurement, distribution of various fertilizers. It is 53% owned by Sinochem Group, 22% owned by PotashCorp The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018. The company was t ..., and the remaining 25% is traded on the Hong Kong Stock Exchange. References External linksSinofert Holdings Limited {{authority control Sinochem Group Companies based in Beijing Companies listed on the Hong Kong Stock Exchange Fertilizer companies of China Government-owned companies of China Chinese companies established in 1994 ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Reserve Tax
Reserve or reserves may refer to: Places * Reserve, Kansas, a US city * Reserve, Louisiana, a census-designated place in St. John the Baptist Parish * Reserve, Montana, a census-designated place in Sheridan County * Reserve, New Mexico, a US village * Reserve, Wisconsin, a census-designated place in the town of Couderay * Reserve Mines, a community in Cape Breton Regional Municipality, Nova Scotia, Canada Auctions * Auction reserve, a minimum amount of money bid required for a sale, e.g., in an English auction * No-reserve auction (NR), also known as an absolute auction, an auction in which the item for sale will be sold regardless of price Economics and finance * Reserve (accounting), any part of shareholders' equity, except for basic share capital * Actuarial reserves, a liability equal to the present value of the future expected cash flows of a contingent event * Bank reserves, holdings of deposits in central banks plus currency that is physically held in bank vaults * For ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also ...
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