Agrium to Adjust Carrying Cost of Its Canadian Phosphate Operations

December 20, 2006 Filed Under: Lead Mining, Mining Services, Phosphate Mining, Potash Mining  

Agrium Inc. announced today it expects to adjust the carrying cost of its Kapuskasing phosphate rock mine and associated Redwater phosphate facility resulting in a non-cash, after tax charge of approximately $100-million in the Corporation’s fourth quarter financial results. Recent quality issues with the rock from our Kapuskasing phosphate mine resulted in a comprehensive drilling program as...