NDP Renews Call for Increased Potash Royalties after Agrium Releases 3Q Results

Global Saskatoon reported that Saskatchewan’s NDP party is still calling for an increase to royalty payments from potash profits.

As quoted in the market news:

Agrium says net profits increased fivefold on record sales to US$293-million for the quarter and paid US$7-million in potash profit and capital tax. The NDP says that’s not enough, saying Agrium only paid royalties equal to just four per cent of $167-million in potash sales from its Vanscoy mine during the quarter.

Click here to read the full Global Saskatoon report.