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Potash Corporation of Saskatchewan Inc. (PCS) (TSE: POT, NYSE: POT)is an integrated fertilizer and related industrial and feed products company.
The Company owns and operates five potash mines in Saskatchewan and one in New Brunswick. It also holds mineral rights to the Esterhazy mine where potash is produced under a mining and processing agreement with a third party. Its phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers; animal feed supplements and industrial acid, which is used in food products and industrial processes. It has a phosphate mine and two mineral processing plant complexes in northern Florida and six phosphates feed plants in the United States. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad.
PotashCorp Contributes $1 Million for Japan Relief Efforts
March 15, 2011 Saskatoon, Saskatchewan
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced a $1,000,000 donation to support relief efforts in Japan following the magnitude-9.0 earthquake and tsunami that struck the island nation on March 11. The contribution will go to the Canadian Red Cross Japan Earthquake/Asia-Pacific Tsunami fund.
“Like the rest of the world, we have been gripped and deeply moved by the devastation and destruction of this unprecedented natural disaster,” said PotashCorp President and CEO Bill Doyle. “We value the long standing friendships and relationships we have forged with customers across Japan and hope that our contribution brings help and hope in the wake of this terrible crisis.”
In addition to the $1 million contribution, PotashCorp employees’ donations to relief efforts in Japan will be matched dollar-for-dollar through PotashCorp’s Employee Matching Gift program.
“We are extremely grateful to PotashCorp for its very generous donation,” says Conrad Sauve, secretary general and CEO of the Canadian Red Cross. “This gift will be used to directly support Red Cross relief and recovery operations underway in affected communities.”
PotashCorp’s donation follows significant commitments to earthquake relief efforts in China and Myanmar in 2008, Haiti and Chile in 2010, and most recently in Christchurch, New Zealand.
Headquartered in Saskatchewan, Canada, PotashCorp is the world’s largest fertilizer company by capacity, producing the three primary crop nutrients potash, phosphate and nitrogen. With five potash operations in Saskatchewan, and one in New Brunswick, it is responsible for about 20 percent of global capacity and is the world’s leading potash producer. Its operations and business interests span seven countries, making PotashCorp an international enterprise and a key player in meeting the growing challenge of feeding the world.
The Canadian Red Cross is a member of the International Red Cross and Red Crescent Movement, which includes the International Federation of Red Cross and Red Crescent Societies, the International Committee of the Red Cross and over 185 national Red Cross and Red Crescent Societies. Its mission is to improve the lives of vulnerable people by mobilizing the power of humanity in Canada and around the world.