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CANPOTEX SIGNS NEW CONTRACTS IN INDIA Print this Article   Back To Top

Canpotex Signs New Contracts in India

Saskatoon, Saskatchewan – Canpotex Limited (Canpotex) today signed a contract with its long-term Indian contract customers, Coromandel International and Tata Chemicals, to supply 670,000 tonnes of potash during the period October 1, 2011 to March 31, 2012.

Pricing under these contracts is US $470.00 per tonne CFR for 50% of the contract volumes (for shipment during fourth quarter, 2011) and US $530.00 per tonne CFR for 50% of the volumes (for shipment during first quarter, 2012).

“India is one of the largest potash markets in the world, and these new contracts are indicative of our ongoing commitment to this important and growing market. As a result of this settlement, Canpotex is now fully committed for sales in the fourth quarter of 2011,” stated Mr. Steve Dechka, Canpotex’s President and Chief Executive Officer.

Canpotex’s long-term Indian customers collaborate with Canpotex in delivering market development programs that provide farmer education to improve yields through balanced fertilizer applications and other best farming practices.

Operating continuously since 1972, Canpotex is the exclusive offshore marketing company owned by the three Saskatchewan potash producing companies: Agrium Inc. (TSX and NYSE: AGU), Mosaic Canada Crop Nutrition, LP, a subsidiary of The Mosaic Company (NYSE: MOS), and Potash Corporation of Saskatchewan Inc. (TSX and NYSE: POT).

Source: Canpotex

POTASHCORP NEWS RELEASE 2011

 


Saskatchewan Based Trucking Company Latest Tenant At Global Transportation Hub Print this Article   Back To Top

SASKATCHEWAN-BASED TRUCKING COMPANY LATEST TENANT AT GLOBAL TRANSPORTATION HUB

Yanke Group of Companies President and CEO Russell Marcoux was joined today by Global Transportation Hub (GTH) Board Chair Wayne Elhard and Saskatchewan Minister responsible for the GTH Jim Reiter, to officially announce the beginning of the company's new three-stage development in the City of Regina.

Yanke and their affiliate organization, AFI Distribution Group's 40-acre project will be the next major transportation and logistics centre at the Global Transportation Hub. Yanke's total investment in the GTH is valued at up to $20 million and their presence will bring between 400 to 500 truck loads per week at the GTH and 40 new jobs to the city.

"Our concept plan for this site involves expansion, the development of new service offerings and greater efficiencies for each of our operating entities," Marcoux said. "The potential and the infrastructure are a great fit for our operations as the major anchor tenants of the GTH have long-standing relationships with Yanke."

"The addition of the Yanke Group of Companies to the GTH is another major step forward for what is clearly one of the most important economic development initiatives in Saskatchewan," Elhard said. "The Global Transportation Hub has the opportunity to be a recognized, world class template for cooperation, participation and efficient operation of multiple transportation modes and we are pleased to welcome Yanke as a partner."

Yanke joins Canadian Pacific and Canadian Logistics Services, which serves the Loblaw Group of Companies, in locating to the GTH which is made up of about 2,000 acres of serviced land.

"Yanke's arrival at the GTH is important as it will further stimulate provincial economic development by providing enhanced and more efficient access to global supply chains for Saskatchewan exporters," Reiter said. "This addition will enhance Saskatchewan's growing profile in a world that needs energy and food security."

Yanke's initial plan for development at the GTH encompasses a yard for its intermodal and over the road, truck and trailer operations, along with expansion of AFI Distribution Group's services which include refrigerated warehousing and transportation. Yanke will also develop a storage yard for containers to facilitate supply and fluidity for shippers. This will include a transload bulk or bagged operation to compliment the needs for Saskatchewan-type commodities and a refrigerated warehouse facility that will service current clients, as well as many other local and international food producers and distributors.

Yanke is an innovative and entrepreneurial transportation business that provides unique and diverse solutions to meet the challenges of a global market place and is an all-encompassing source for transportation needs. Yanke currently employs about 600 people and has a fleet size of 350 tractors, 1,000 trailers and 75 owner-operators.

For more information, contact:

Rebecca Rogoschewsky
Executive Council
Regina
Phone: 306-787-0980

Carlene Deutscher
Yanke Group of Companies
Regina
Phone: 306-664-1447

 

 


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