Potash Corp To Miss Estimates, Close Mines Temporarily

Canadian Business reported that Potash Corp (TSX:POT, NYSE:POT) says that delayed sales from India and China will result in earnings below the low end of their previous target, and in some temporary mine shutdowns.

As quoted in the market report:

As a result in the dip in demand, PotashCorp’s Lanigan and Rocanville mines will be shut for eight-weeks starting Nov. 18 and Dec. 7 respectively. Doyle said the slowdown should be short term. “There’s too many people that need to eat and the world is still growing despite some of the macro issues now and we see a very strong year in 2013 and 14.

To view the full Canadian Business report, click here.