Itafos Announces Acquisition of Conda Phosphate Operations

Itafos signs a definitive agreement to acquire Agrium’s Conda Phosphate Operations
Transaction marks a significant step in Itafos strategic objective to become a leading global phosphate fertilizer company
Itafos expands operating presence to North America and further diversifies product and geographic mix
Strategic ammonia supply agreement and MAP off-take agreement to be entered into with Agrium
 
HOUSTON and CALGARY, Alberta, Nov. 07, 2017  -- Itafos (TSXV:IFOS) today announced that it has signed a definitive arm’s length purchase agreement with Agrium Inc. (TSX:AGU) (NYSE:AGU) to acquire Agrium’s Conda Phosphate Operations, an integrated producer of phosphate fertilizers and specialty products, for total cash consideration of approximately US$100 million (which includes inventory) on a cash and debt free basis.    
Read more: Itafos ( IFOS )

Environmental License Granted: Verde AgriTech en route to production

TORONTO, ON--(February 09, 2017) - Verde AgriTech(TSX: NPK) ("Verde" or the "Company") is pleased to announce it has been granted an environmental license.
 
The Company's targeted production for the first half of 2017 is 19,500 tonnes of Super Greensand (see February 29, 2016 press release) and 500 tonnes of Alpha (see April 20, 2016 press release).
 
The Company's next steps to start production are:
 
Securing a mining permit from the Brazilian Department of Mineral Production;
Concluding an agreement with mining contractor;
Signing an agreement with industrialization contractors for the production of Super Greensand and Alpha.
The Company's next steps for domestic and international sales are:
Read more: Verde AgriTech ( NPK )

Agrium and PotashCorp to Combine in Merger of Equals to Create a World-Class Integrated Global Supplier of Crop Inputs

Largest Crop Nutrient Company in the World and 3rd Largest Natural Resource Company in Canada
Pre-eminent, Low-Cost Producer of Potash and High-Quality Nitrogen and Phosphate, Integrated with Leading Global Retail Distribution Platform
New Company Better Positioned to Serve Customers and Farmers with Low-Cost, High-Value Products and Services, with Continued Emphasis on Efficiency and Innovation
Expected to Generate up to US$500 Million of Annual Operating Synergies 
Strong Pro Forma Balance Sheet with Substantial Cash Flow to Provide Flexibility to Return Excess Capital to Shareholders and Invest in Growth, While Maintaining Strong Credit Ratings
Registered Head Office in Saskatoon, With Canadian Corporate Offices in Both Calgary and Saskatoon; Combined Workforce to Reflect Strengths and Capabilities of Both Companies; 
Committed to Customers and Local Communities
Read more: Potash Corporation of Saskatchewan Inc ( POT )

CF Industries to Sell Phosphate Business to Mosaic for $1.4 Billion

Companies Enter Into Ammonia Supply Agreements for Donaldsonville and Trinidad Production

CF Industries Holdings, Inc. (CF) (“CF Industries” or “the Company”) today announced that it has entered into a set of strategic agreements with the Mosaic Company (MOS). The agreements include: a definitive agreement to sell the entirety of CF Industries’ phosphate mining and manufacturing business to Mosaic for cash consideration of $1.4 billion, subject to adjustment; a long-term agreement under which the Company will supply Mosaic with between 600,000 and 800,000 tons of ammonia per year from its Donaldsonville, Louisiana nitrogen complex beginning no later than 2017; and an agreement to provide ammonia to Mosaic from the Company’s Point Lisas Nitrogen Ltd. (PLNL) joint venture beginning at the close of the phosphate sale.

Read more: CF Industries Holdings, Inc ( CF )

Hanfeng Evergreen Receives Privatization Proposal

Hanfeng Evergreen Inc ( HF ) ("Hanfeng" or the "Corporation") announced that its board of directors has received an unsolicited non-binding proposal from Mr. Xinduo Yu, the Corporation''s President and Chief Executive Officer and the holder of approximately 20.2% of Hanfeng''s outstanding common shares, pursuant to which a company wholly-owned by Mr. Yu would acquire all of the outstanding common shares not owned by it at a price of CDN$2.20 in cash per share.

The board of directors has previously formed a special committee of independent directors consisting of Loudon Owen (Chairman), Edwin Nordholm and David Thomson to review and consider the privatization proposal.

Read more: Hanfeng Evergreen Inc ( HF )