USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
Saskatchewan’s Potash Corp (NYSE:POT)- the world’s largest crop nutrient company – announced on Wednesday that it would buy up $2 billion of its own stock, totaling 5% of its outstanding common shares.
The re-acquisition will be made over a one year period and repurchased shares will be eliminated.
The announcement comes several months after PotashCorp decided to increase its quarterly cash dividend by 25% – totaling 35 cents per share.
These moves are the result of increased cash flow as the company completes a 10-year mine expansion program.
Potash Corp shares were up to $38.50 on the New York exchange at noon time on Wednesday.
Creative Commons image by: Tony Hisgett
