PotashCorp and Agrium confirmed Tuesday they are in talks to merge their businesses.
Premier Brad Wall says he received calls from both CEOs yesterday with reassurances of job security for Saskatchewan people.
620 CKRM’s Financial Expert Brian Golly with Smart Investing Solutions says it seems the companies have the province’s best interests in mind.
Wall says he is hopeful the merger will create more jobs in Saskatchewan.
The companies say no agreement has been reached and there is no assurance that any transaction will result from these discussions.
In the meantime, the Saskatchewan NDP is saying the SaskParty hasn’t done a good job of protecting the industry or the jobs attached.
A news release, the NDP says the proposed Yancoal mine in the Southey area could hand over control of the industry to a state-owned corporation from China, which is one of Saskatchewan’s biggest potash customers.
That project is in the environmental assessment stage right now.
Premier Brad Wall looks at the possible merger of PotashCorp and Agrium as opportunity for a greater corporate presence in the industry.
(With files from CJWW)
- Premier Wall hopeful potential PotashCorp, Agrium merger will create jobs
- Potash Corp. & Agrium in midst of merger talks