Source: Vancouver Sun


The two largest potash producers in the world are fighting over $1 billion worth of mineral reserves in Canada.


Potash Corp. of Saskatchewan Inc. is suing Mosaic Potash Esterhazy LP — a wholly owned subsidiary of Mosaic Co. — over the remaining amount of potash it has ownership rights to under an agreement between the companies dating to 1971.


According to an amended statement of claim approved by Saskatoon Court of Queen's Bench Justice Neil Gabrielson on Jan. 19, Mosaic intends to end the mining agreement on Aug. 30 — a move PotashCorp says is at least two years too early and concerns more than $1 billion worth of the key fertilizer ingredient.


Original article