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PotashCorp Announcement on PCS Yumbes; Listed: TSX, NYSE Symbol: POT.

Publication: PR Newswire
Publication Date: 27-AUG-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has provided to Sociedad Quimica y Minera de Chile S.A. (SQM) an irrevocable option to acquire PotashCorp's interest in PCS Yumbes S.C.M. (PCS Yumbes). PCS Yumbes, acquired in 1999, holds mining concessions on certain sodium nitrate reserves in the Atacama Desert in northern Chile and is a producer of potassium nitrate, sodium nitrate and iodine. SQM, a public company in Chile, is in the specialty fertilizer, iodine and lithium business. PotashCorp currently holds approximately 20 percent of the issued and outstanding equity of SQM. Since PotashCorp's purchase of shares...

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