PotashCorp Achieves Record Earnings in First Quarter



    Listed: TSX, NYSE    Symbol: POT

    SASKATOON, SK, April 26 /CNW/ - Potash Corporation of Saskatchewan Inc.
(PotashCorp) today announced the highest quarterly earnings in company
history, with first-quarter net income of $198.0 million, or $1.85 per
share(1). This surpassed the record of $1.74 per share ($186.0 million) set in
the previous quarter, reflecting increased volumes and prices for our
products. First-quarter per-share earnings were 55 percent higher than the
$1.19 per share ($125.5 million) earned in the same quarter last year, when
potash shipments slowed due to prolonged price negotiations with key offshore
customers. Excellent farm economics supported strong growth in world
fertilizer demand and tight supply fundamentals provided the foundation for a
second consecutive quarter of record earnings.
    First-quarter gross margin of $369.7 million was also a company record,
improving upon the $203.5 million in the same quarter last year and the
previous high of $344.8 million from the second quarter of 2005. Cash flow
prior to working capital changes of $283.0 million(2) was up from
$189.4 million quarter over quarter, a 49-percent increase. Earnings before
interest, income taxes, depreciation and amortization reached a record
$381.0 million(2), 17 percent higher than the record set in the previous
quarter.
    "Back-to-back record quarters illustrate the pattern of growth for our
company and the rising value of our products," said PotashCorp President and
CEO Bill Doyle. "Our world-class assets and strategies are well-suited to this
environment and our ability to execute led to excellent first-quarter
results."

    Market Conditions

    Farmers around the world are increasing plantings and using more
fertilizer in an effort to capture favorable prices for many major crops. The
USDA's March 30th Prospective Plantings report predicted that American farmers
will plant 90.5 million acres of corn, a 15-percent increase from last year
for a crop that is a heavy fertilizer user. The emphasis on corn is expected
to displace other crops in the US, raising prices and creating opportunities
for producers of those crops in other agricultural regions. After suffering
for two years with higher energy costs and lower crop prices that led to
reduced fertilizer applications, farmers have made a strong return to the
market for all three nutrients to restore soil fertility.
    As potash fundamentals tightened through the first quarter, we achieved
an $11-per-tonne increase for North American customers in mid-February. The
completion of pricing contracts with China in early February 2007, unlike the
late July settlement in 2006, kept offshore potash volumes moving and further
tightened supply. This had an impact on spot pricing in key offshore markets.
Brazil, where prices lagged through most of 2006, saw an increase of $25 per
tonne in each of February and April 2007, and Canpotex has announced a third
increase for June. Through two increases, prices in Southeast Asia rose by
$20 per tonne in the first quarter. Spot market rates for dry bulk ocean
freight were roughly 75 percent higher than a year ago, adding to the need for
price increases.
    In nitrogen and phosphate, rising demand for solid fertilizers combined
with production curtailments in recent years has put extreme pressure on
supply. At the end of February, urea imports into the US were 22 percent below
prior-year levels, while at quarter end, producer inventories were 19 percent
below the five-year average. In phosphate fertilizers, North American DAP
producer inventories were 51 percent below the five-year average by the end of
the quarter. As a result, spot prices for both urea and DAP reached record
levels in the quarter.

    Potash

    Strong demand and rising prices resulted in first-quarter potash gross
margin of $174.2 million. This surpassed the $90.8 million of gross margin in
the first quarter of 2006, when shipments were constrained during extended
price negotiations with China and India, and was just short of our record
first-quarter potash gross margin of $176.2 million, set in 2005. While first-
quarter 2007 shipments did not face the same challenges as a year ago, there
were a couple of smaller issues: a Canadian rail strike disrupted our North
American deliveries and Canpotex's ability to move product to its Vancouver
export terminal, and severe winter weather in some regions that adversely
impacted rail transportation performance. These factors delayed shipments of
up to 200,000 tonnes into future quarters.
    Offshore prices were flat compared to the trailing quarter and last
year's first quarter. While higher prices were being achieved in China and
Southeast Asia, increases in the Brazilian market did not take hold until late
in the quarter. In addition, higher shipping costs impacted offshore realized
prices by approximately $7 per tonne in the quarter, even though Canpotex
Limited (Canpotex), the offshore marketing company for Saskatchewan potash
producers, has locked in about 40 percent of its CFR shipments under long-term
freight agreements. In North America, our $7-per-tonne potash price increase
announced late in 2006 was in effect for the full first quarter, and our   
$11-per-tonne increase in mid-February 2007 has now taken hold.
    Our offshore volumes were up 74 percent quarter over quarter, as Canpotex
increased its shipments by 92 percent from last year's first quarter. Canpotex
began shipping to China in late February after the price settlement and
delivered more than 400,000 tonnes during the quarter, compared to virtually
none in the same quarter last year. Shipments to Brazil rose to over 450,000
tonnes from approximately 50,000 tonnes; India took 200,000 tonnes compared to
50,000 tonnes; and Southeast Asian countries combined to purchase over 550,000
tonnes, a 9-percent increase from the same quarter of 2006. Our North American
volumes were up 69 percent quarter over quarter.
    To meet this increasing global demand, we raised our production to
2.3 million tonnes, compared to 1.3 million tonnes in the first quarter of
2006. With 30 fewer shutdown weeks than in the same quarter last year, our
total potash cost of goods sold dropped by almost $11 per tonne despite
additional costs of roughly $5 per tonne for our share of brine inflow
management at Esterhazy, $2 per tonne higher brine management costs at New
Brunswick, and general cost escalations of production inputs throughout 2006.

    Nitrogen

    Nitrogen gross margin of $131.3 million was 65 percent higher than the
$79.4 million generated in last year's first quarter and 32 percent above our
previous record of $99.4 million, set in the second quarter of 2005. In this
year's first quarter, our Trinidad operations, which benefit from lower-cost,
long-term natural gas contracts, contributed $80.1 million, 61 percent of this
segment's total gross margin. Our facilities in the US added $34.0 million in
gross margin, while hedging gains contributed another $17.2 million.
    Tight fundamentals pushed ammonia prices up 13 percent from the trailing
quarter, although they were down 4 percent from last year's first quarter when
higher natural gas costs were driving nitrogen prices. Similarly, urea prices
benefited from rising demand and reduced imports into the US, as extremely
tight supply/demand raised prices to record levels - up 16 percent quarter
over quarter and 29 percent from the fourth quarter of 2006.
    First-quarter 2007 ammonia sales volumes were up 43 percent from the same
quarter last year, as we had more tonnes to sell. In the first quarter of
2006, our Trinidad 02 plant was down for over a month for turnarounds and
debottlenecking projects. We gained the full benefit of higher throughput from
our debottlenecking projects at the Trinidad 01 and 02 plants as well as
increased production at our Lima facility, which was shut down by high natural
gas prices in first-quarter 2006. Urea and nitrogen solutions sales volumes
increased by 21 percent and 177 percent, respectively, quarter over quarter on
the strength of agricultural demand. Our average gas cost of $4.41 per MMBtu,
including our hedge, was slightly higher than the same quarter last year.

    Phosphate

    Phosphate gross margin of $64.2 million was almost double the
$33.3 million in gross margin from last year's first quarter and was the
second best in our history, trailing only the $67.2 million generated in the
fourth quarter of 1998. Solid and liquid fertilizers contributed $18.4 million
and $15.3 million of gross margin, respectively, while our stable base of
higher-margin industrial and feed products combined to deliver $28.0 million.
    Extremely tight fundamentals in North America pushed up realized prices
for solid and liquid fertilizers by 14 percent and 7 percent, respectively,
quarter over quarter. Solid fertilizer volumes were up 13 percent from the
same period last year, including a 36-percent increase in North America, while
liquid fertilizer volumes rose 3 percent from the first quarter of 2006. Feed
prices fell 5 percent from last year's first quarter, due to greater offshore
volumes. Feed volumes were 26 percent higher than the same quarter last year,
with a 96-percent increase in offshore sales, primarily to Latin America.
Industrial product prices and volumes were flat quarter over quarter.
    Costs for sulfur fell 20 percent from last year's first quarter when the
effects of Hurricane Katrina were still being felt, while our ammonia costs
were flat. Our rock costs were 5 percent higher in the first quarter due to
planned turnarounds at our mines.

    Financial

    Our investments in Arab Potash Company (APC) in Jordan and Sociedad
Quimica y Minera de Chile S.A. (SQM) in Chile contributed $13.0 million to our
overall performance in the quarter, slightly higher than the $12.4 million
realized in the first quarter of 2006. Total other income, however, is less
than the $31.2 million of last year's first quarter, in part because a
$28 million dividend declared from Israel Chemicals Ltd. (ICL) in Israel -
$19 million more than was received in the first quarter last year - will be
recorded in our second quarter rather than the first quarter as it was in
2006. The total market value of our offshore investments, including our stake
in Sinofert Holdings Limited (Sinofert) in China, now equates to more than
$31.00 per PotashCorp share and exceeds our acquisition cost by $2.4 billion.
    Provincial mining and other taxes more than doubled quarter over quarter,
reflecting the 92-percent increase in potash gross margin. Selling and
administrative expenses were $9.8 million higher than in the same quarter last
year, due to higher incentive plan accruals given the higher share price
quarter over quarter. We spent $109.0 million in the quarter for capital
expenditures on property, plant and equipment, 60 percent of which was
primarily related to completing the potash compaction facility at Allan and
continuing work at bringing back idled potash capacity at Lanigan.

    Outlook

    Many of the conditions that drive growth in the fertilizer industry are
becoming entrenched, including the increasing demand for crops used in food,
animal feed, fiber and fuels. The United Nations recently raised its estimate
of global population to 9.2 billion by 2050 - representing growth of 40
percent in just over 40 years. Most of this increase is expected in developing
countries, where people are benefiting from strong economic growth and are
able to purchase more and better food. The challenge comes from a decline in
the land available on a per-capita basis for agricultural production, making
maximization of crop yields crucial. Added to this are concerns over the
world's oil supply and the environment that have sparked a surge of interest
in biofuels, raising the competition for crops and the prices paid for them.
    China, India and other Southeast Asian countries need assistance in
meeting their demand for grains and oil-producing crops. Even as these
countries work to maximize domestic crop production, they are still expected
to import larger volumes of crop commodities, leading to higher prices.
    Global potash supply/demand fundamentals are extremely tight. Due to the
combination of strong potash demand in the US - where the spring season got
off to a good start in the south and saw only slight weather-related delays in
the Midwest - and offshore market growth, we now expect world potash demand to
increase by 12-16 percent in 2007. Volumes to Brazil have rebounded and could
approach the 2004 record of 6.4 million tonnes at prices that could be at
least $75 per tonne higher than last year. China is expected to import more
than 8 million tonnes, while India is likely to have a significant presence in
the potash market in the second half in order to balance its increasing urea
and phosphate fertilizer applications. Strong demand from other Southeast
Asian countries is expected to continue. Canpotex announced a $35-per-tonne
price increase there in early April, the third increase this year. US potash
demand could be as much as 20 percent higher than in calendar year 2006.
    Strong nitrogen fertilizer demand is also expected to continue. High
global prices for natural gas and ocean transportation and delayed purchasing
decisions contributed to reduced nitrogen imports to the US, our primary
market for this nutrient. While we expect normal seasonal fluctuations in gas
and product pricing after the 2007 spring season, they could be short-lived as
preparation for the fall season approaches. Rising construction costs around
the world have also led to the delay or abandonment of greenfield nitrogen
projects and, as a result, supply/demand fundamentals should remain tight for
the foreseeable future.
    These market conditions are positive for our operations in Trinidad and
the US. We now expect our nitrogen gross margin to be about $100 million
higher than our previous expectations. We expect to recognize roughly
$40 million of hedging gains through the remainder of 2007 as product related
to the gas being hedged is sold.
    Phosphate, especially the solid fertilizer DAP, has recovered strongly
after an eight-year lag. High demand has created shortages in some US growing
regions and Tampa spot DAP prices have risen from the mid-$200 range to more
than $430 per tonne since the beginning of the year. Only a portion of the
benefit of these rapid price increases was realized in the quarter, and higher
average prices are expected as new sales are booked. We sold 1.6 million
tonnes of solid fertilizers in 2006, so this price turnaround significantly
increases our earnings potential in phosphate. Demand for liquid fertilizer
and feed is also expected to remain strong. These products have considerable
upside as producers direct a greater percentage of phosphoric acid to DAP and
MAP production, tightening liquid fertilizer and feed supply. In this
environment, we expect our phosphate segment gross margin to be at least
$100 million higher than we previously forecast.
    In anticipation of expected long-term growth in potash consumption, in
March we announced plans to return 360,000 tonnes of idled capacity to
production at our Patience Lake division over the next 18 months. As a result,
our 2007 capital expenditures, including capitalized interest, are expected to
be approximately $450 million, of which $165 million will relate to sustaining
capital. Our expected consolidated effective income tax rate continues to be
30 percent through 2007, with the current/future split expected to be 70/30
subject to sources of income. Provincial mining and other taxes are forecast
to approximate 17 percent of total potash gross margin in the year.
    In light of the favorable market conditions for all our fertilizer
products, our range for full-year net income, based on a $1.12 Canadian
dollar, has been increased from $6.25-$7.25 per share to $7.50-$8.50 per
share. At the same Canadian/US dollar exchange rate, we expect second-quarter
net income per diluted share to be in the range of $2.00-$2.50. In the current
trading range of the Canadian dollar relative to the US dollar, each one-cent
change in the Canadian dollar will typically have an impact of approximately
$4.0 million on the foreign-exchange line, or $0.03 per share on an after-tax
basis, although this is primarily a non-cash item.

    Conclusion

    "We believe we are at the front end of a period of significant
consumption growth and strong prices for all our products," said Doyle. "While
nitrogen and phosphate have already made considerable gains, potash is only
beginning its climb. With our plan to increase our potash capacity to
15.7 million tonnes by 2015, we have significant gross margin potential. This
makes us very positive about the outlook for our company and our ability to
deliver strong returns for our shareholders."

    Notes:
    ------
    1. All references to per-share amounts pertain to per share - diluted.
    2. See reconciliation and description of non-GAAP measures in the
       attached section titled "Selected Non-GAAP Financial Measures and
       Reconciliations."

    PotashCorp is the world's largest fertilizer enterprise producing the
three primary plant nutrients and a leading supplier to three distinct market
categories: agriculture, with the largest capacity in the world in potash,
third largest in phosphate and fourth largest in nitrogen; animal nutrition,
with the world's largest capacity in phosphate feed ingredients; and
industrial chemicals, as the largest global producer of industrial nitrogen
products and the world's largest capacity for production of purified
industrial phosphoric acid.

    This release contains forward-looking statements. These statements are
based on certain factors and assumptions as set forth in this release,
including foreign exchange rates, expected growth, results of operations,
performance and business prospects and opportunities. While the company
considers these factors and assumptions to be reasonable, based on information
currently available, they may prove to be incorrect. A number of factors could
cause actual results to differ materially from those in the forward-looking
statements, including, but not limited to: fluctuations in supply and demand
in fertilizer, sulfur, transportation and petrochemical markets; changes in
competitive pressures, including pricing pressures; risks associated with
natural gas and other hedging activities; changes in capital markets; changes
in currency and exchange rates; unexpected geological or environmental
conditions, including water inflow; and government policy changes. Additional
risks and uncertainties can be found in our 2006 financial review annual
report and in filings with the U.S. Securities and Exchange Commission and
Canadian provincial securities commissions. Forward-looking statements are
given only as at the date of this release and the company disclaims any
obligation to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise. In the case of
guidance, should subsequent events show that the forward-looking statements
released herein may be materially off-target, the company will evaluate
whether to issue and, if appropriate following such review, issue a news
release updating guidance or explaining reasons for the difference.

    -------------------------------------------------------------------------
     PotashCorp will host a conference call on Thursday, April 26, 2007,
                         at 1:00 p.m. Eastern Time.
          To join the call, dial (416) 640-1907 at least 10 minutes
                          prior to the start time.
                      Use reservation ID No. 21213529.

      Alternatively, visit www.potashcorp.com for a live webcast of the
                   conference call in a listen-only mode.
          This news release is also available at this same website.



    
                   Potash Corporation of Saskatchewan Inc.
           Condensed Consolidated Statements of Financial Position
              (in millions of US dollars except share amounts)
                                 (unaudited)

                                                     March 31,   December 31,
                                                       2007         2006
    -------------------------------------------------------------------------

    Assets
     Current assets
      Cash and cash equivalents                     $    454.5    $    325.7
      Accounts receivable                                493.4         442.3
      Inventories                                        498.4         501.3
      Prepaid expenses and other current assets           52.3          40.9
      Current portion of derivative
       instrument assets                                  62.4             -
    -------------------------------------------------------------------------
                                                       1,561.0       1,310.2

     Derivative instrument assets                         82.3             -
     Property, plant and equipment                     3,568.8       3,525.8
     Investments                                       2,294.6       1,148.9
     Other assets                                         78.3         105.8
     Intangible assets                                    28.2          29.3
     Goodwill                                             97.0          97.0
    -------------------------------------------------------------------------
                                                    $  7,710.2    $  6,217.0
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Liabilities
     Current liabilities
      Short-term debt                               $     96.1    $    157.9
      Accounts payable and accrued charges               610.7         545.2
      Current portion of long-term debt                  399.9         400.4
    -------------------------------------------------------------------------
                                                       1,106.7       1,103.5

     Long-term debt (Note 2)                           1,337.6       1,357.1
     Future income tax liability                         835.1         632.1
     Accrued pension and other post-retirement
      benefits                                           224.0         219.6
     Accrued environmental costs and asset
      retirement obligations                             110.8         110.3
     Other non-current liabilities and
      deferred credits                                     1.8          14.1
    -------------------------------------------------------------------------
                                                       3,616.0       3,436.7
    -------------------------------------------------------------------------

    Shareholders' Equity
     Share capital                                     1,442.8       1,431.6
      Unlimited authorization of common shares
      without par value; issued and outstanding
      105,065,022 and 104,801,049 at March 31,
      2007 and December 31, 2006, respectively

     Contributed surplus                                  64.1          62.3
     Retained earnings                                 1,468.9       1,286.4
     Accumulated other comprehensive income (Note 3)   1,118.4             -
    -------------------------------------------------------------------------
                                                       4,094.2       2,780.3
    -------------------------------------------------------------------------
                                                    $  7,710.2    $  6,217.0
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (See Notes to the Condensed Consolidated Financial Statements)



                   Potash Corporation of Saskatchewan Inc.
    Condensed Consolidated Statements of Operations and Retained Earnings
            (in millions of US dollars except per-share amounts)
                                 (unaudited)

                                                       Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------

    Sales (Note 6)                                  $  1,154.7    $    861.6
    Less: Freight                                         81.9          54.9
          Transportation and distribution                 31.0          31.2
          Cost of goods sold                             672.1         572.0
    -------------------------------------------------------------------------
    Gross Margin                                         369.7         203.5
    -------------------------------------------------------------------------
    Selling and administrative                            40.6          30.8
    Provincial mining and other taxes                     32.5          14.2
    Foreign exchange loss (gain)                           2.0          (2.4)
    Other income (Note 8)                                (13.7)        (31.2)
    -------------------------------------------------------------------------
                                                          61.4          11.4
    -------------------------------------------------------------------------
    Operating Income                                     308.3         192.1
    Interest Expense                                      25.5          23.2
    -------------------------------------------------------------------------
    Income Before Income Taxes                           282.8         168.9
    Income Taxes (Note 4)                                 84.8          43.4
    -------------------------------------------------------------------------
    Net Income                                           198.0         125.5
    Retained Earnings, Beginning of Period             1,286.4         716.9
    Change in Accounting Policy (Note 1)                   0.2             -
    Dividends                                            (15.7)        (15.3)
    -------------------------------------------------------------------------
    Retained Earnings, End of Period                $  1,468.9    $    827.1
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Net Income Per Share (Note 5)
      Basic                                         $     1.89    $     1.21
      Diluted                                       $     1.85    $     1.19
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Dividends Per Share                             $     0.15    $     0.15
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (See Notes to the Condensed Consolidated Financial Statements)



                   Potash Corporation of Saskatchewan Inc.
               Condensed Consolidated Statements of Cash Flow
                         (in millions of US dollars)
                                 (unaudited)

                                                       Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------

    Operating Activities
    Net income                                      $    198.0    $    125.5
    -------------------------------------------------------------------------

    Adjustments to reconcile net income to cash
     provided by (used in) operating activities
      Depreciation and amortization                       72.7          58.8
      Stock-based compensation                             2.7           1.5
      (Gain) loss on disposal of property,
       plant and equipment                                (0.1)          0.3
      Foreign exchange on future income tax                2.7          (0.2)
      Provision for future income tax                     25.4          13.9
      Undistributed earnings of equity investees         (13.0)        (12.4)
      Unrealized gain on derivative instruments           (6.3)            -
      Other long-term liabilities                          0.9           2.0
    -------------------------------------------------------------------------
      Subtotal of adjustments                             85.0          63.9
    -------------------------------------------------------------------------

      Changes in non-cash operating working capital
      Accounts receivable                                (50.8)         63.3
      Inventories                                        (10.6)          8.9
      Prepaid expenses and other current assets          (11.4)        (27.0)
      Accounts payable and accrued charges               109.4        (247.1)
    -------------------------------------------------------------------------
      Subtotal of changes in non-cash operating
       working capital                                    36.6        (201.9)
    -------------------------------------------------------------------------
    Cash provided by (used in) operating activities      319.6         (12.5)
    -------------------------------------------------------------------------

    Investing Activities
    Additions to property, plant and equipment          (109.0)       (120.0)
    Purchase of long-term investments                     (9.7)       (126.3)
    Proceeds from disposal of property, plant
     and equipment                                         0.3           2.0
    Other assets and intangible assets                    (1.8)         (4.5)
    -------------------------------------------------------------------------
    Cash used in investing activities                   (120.2)       (248.8)
    -------------------------------------------------------------------------
    Cash before financing activities                     199.4        (261.3)
    -------------------------------------------------------------------------

    Financing Activities
    Repayment and issue costs of long-term
     debt obligations                                     (3.4)         (0.3)
    (Repayment of) proceeds from short-term
     debt obligations                                    (61.8)        352.7
    Dividends                                            (15.7)        (15.3)
    Issuance of common shares                             10.3           3.0
    -------------------------------------------------------------------------
    Cash (used in) provided by financing activities      (70.6)        340.1
    -------------------------------------------------------------------------
    Increase in Cash and Cash Equivalents                128.8          78.8
    Cash and Cash Equivalents, Beginning of Period       325.7          93.9
    -------------------------------------------------------------------------
    Cash and Cash Equivalents, End of Period        $    454.5    $    172.7
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Cash and cash equivalents comprised of:
     Cash                                           $     17.7    $     (2.3)
     Short-term investments                              436.8         175.0
    -------------------------------------------------------------------------
                                                    $    454.5    $    172.7
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Supplemental cash flow disclosure
     Interest paid                                  $     14.2    $     16.3
     Income taxes paid                              $     32.1    $    142.0
    -------------------------------------------------------------------------
    (See Notes to the Condensed Consolidated Financial Statements)



                     Potash Corporation of Saskatchewan Inc.
            Condensed Consolidated Statement of Comprehensive Income
                           (in millions of US dollars)
                                   (unaudited)

                                               Three Months Ended
                                                 March 31, 2007
                                       Before                      Net of
                                    Income Taxes  Income Taxes  Income Taxes
    -------------------------------------------------------------------------

    Net income                        $    282.8    $     84.8    $    198.0
    -------------------------------------------------------------------------
    Other comprehensive income
     Change in unrealized holding
      gains on available-for-sale
      securities(1)                        245.0          12.7         232.3
     Change in gains and losses on
      derivatives designated as cash
      flow hedges(2)                        35.1          10.5          24.6
     Reclassification to income of
      gains and losses on cash flow
      hedges(2)                            (17.2)         (5.1)        (12.1)
     Unrealized foreign exchange gains
      on translation of self-sustaining
      foreign operations                     4.6             -           4.6
    -------------------------------------------------------------------------
    Other comprehensive income             267.5          18.1         249.4
    -------------------------------------------------------------------------
    Comprehensive income              $    550.3    $    102.9    $    447.4
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (1) Available-for-sale securities are comprised of shares in Israel
        Chemicals Ltd. and Sinofert Holdings Limited
    (2) Natural gas derivative instruments
    -------------------------------------------------------------------------
    (See Notes to the Condensed Consolidated Financial Statements)



                   Potash Corporation of Saskatchewan Inc.
          Notes to the Condensed Consolidated Financial Statements
                  For the Three Months Ended March 31, 2007
       (in millions of US dollars except share and per-share amounts)
                                 (unaudited)

    1. Significant Accounting Policies

    With its subsidiaries, Potash Corporation of Saskatchewan Inc. ("PCS") -
    together known as "PotashCorp" or "the company" except to the extent the
    context otherwise requires - forms an integrated fertilizer and related
    industrial and feed products company. The company's accounting policies
    are in accordance with accounting principles generally accepted in Canada
    ("Canadian GAAP"). The accounting policies used in preparing these
    interim condensed consolidated financial statements are consistent with
    those used in the preparation of the 2006 annual consolidated financial
    statements, except as described below.

    These interim condensed consolidated financial statements include the
    accounts of PCS and its subsidiaries; however, they do not include all
    disclosures normally provided in annual consolidated financial statements
    and should be read in conjunction with the 2006 annual consolidated
    financial statements. In management's opinion, the unaudited financial
    statements include all adjustments (consisting solely of normal recurring
    adjustments) necessary to present fairly such information. Interim
    results are not necessarily indicative of the results expected for the
    fiscal year.

    Comprehensive Income, Equity, Financial Instruments and Hedges

    Effective January 1, 2007, the company adopted Canadian Institute of
    Chartered Accountants ("CICA") Section 1530, "Comprehensive Income",
    Section 3251, "Equity", Section 3855, "Financial Instruments -
    Recognition and Measurement" and Section 3865, "Hedges". These
    pronouncements increase harmonization with US GAAP. Under the standards:

    -  Financial assets are classified as loans and receivables,
    held-to-maturity, held-for-trading or available-for-sale. Loans and
    receivables include all loans and receivables except debt securities and
    are accounted for at amortized cost. Held-to-maturity classification is
    restricted to fixed maturity instruments that the company intends and is
    able to hold to maturity and are accounted for at amortized cost.
    Held-for-trading instruments are recorded at fair value with realized
    and unrealized gains and losses reported in net income. The remaining
    financial assets are classified as available-for-sale. These are recorded
    at fair value with unrealized gains and losses reported in a new category
    of the Consolidated Statement of Financial Position under shareholders'
    equity called accumulated other comprehensive income ("AOCI");

    -  Financial liabilities are classified as either held-for-trading or
    other. Held-for-trading instruments are recorded at fair value with
    realized and unrealized gains and losses reported in net income. Other
    instruments are accounted for at amortized cost with gains and losses
    reported in net income in the period that the liability is derecognized;
    and

    -  Derivative instruments ("derivatives") are classified as
    held-for-trading unless designated as hedging instruments. All
    derivatives are recorded at fair value on the Consolidated Statement of
    Financial Position. For derivatives that hedge the changes in fair value
    of an asset or liability, changes in the derivatives' fair value are
    reported in net income and are substantially offset by changes in the
    fair value of the hedged asset or liability attributable to the risk
    being hedged. For derivatives that hedge variability in cash flows, the
    effective portion of the changes in the derivatives' fair value are
    initially recognized in other comprehensive income ("OCI") and the
    ineffective portion are recorded in net income. Amounts temporarily
    recorded in AOCI will subsequently be reclassified to net income in the
    periods when net income is affected by the variability in the cash flows
    of the hedged item.

    These standards have been applied prospectively; accordingly comparative
    amounts for prior periods have not been restated. The adoption of these
    standards resulted in the following adjustments as of January 1, 2007 in
    accordance with the transition provisions:

    (1) Available-for-sale securities
    -  The company's investments in Israel Chemicals Ltd. ("ICL") and
    Sinofert Holdings Limited ("Sinofert") have been classified as
    available-for-sale and recorded at fair value in the Consolidated
    Statement of Financial Position, resulting in an increase in investments
    of $887.8, an increase to AOCI of $789.6 and an increase in future income
    tax liability of $98.2;

    (2) Deferred debt costs
    -  Bond issue costs were reclassified from other assets to long-term
    debt and deferred swap gains were reclassified from other non-current
    liabilities to long-term debt, resulting in a reduction in other assets
    of $23.9, a reduction in other non-current liabilities of $6.6 and a
    reduction in long-term debt of $17.3;

    (3) Natural gas derivatives
    -  The company employs futures, swaps and option agreements to establish
    the cost of a portion of its natural gas requirements. These derivative
    instruments generally qualify for hedge accounting. Derivative
    instruments were recorded on the Consolidated Statement of Financial
    Position at fair value resulting in an increase in current portion of
    derivative instruments of $50.9, an increase in derivative instruments
    (non-current asset) of $69.4, an increase in future income tax liability
    of $45.6 and an increase in AOCI of $74.7;

    -  Hedge ineffectiveness on these derivative instruments was recorded as
    a cumulative effect adjustment to opening retained earnings, net of tax,
    resulting in an increase in retained earnings of $0.2 and a decrease in
    AOCI of $0.2; and

    -  Deferred realized hedging gains were reclassified from inventory to
    AOCI resulting in an increase in inventory of $8.0, an increase in future
    income tax liability of $3.1 and an increase in AOCI of $4.9.

    Stripping Costs Incurred in the Production Phase of a Mining Operation

    In March 2006, the Emerging Issues Committee issued Abstract No. 160,
    "Stripping Costs Incurred in the Production Phase of a Mining Operation"
    ("EIC-160"). EIC-160 discusses the treatment of costs associated with the
    activity of removing overburden and other mine waste minerals in the
    production phase of a mining operation. It concludes that such stripping
    costs should be accounted for according to the benefit received by the
    entity and recorded as either a component of inventory or a betterment to
    the mineral property, depending on the benefit received. The
    implementation of EIC-160, effective January 1, 2007, resulted in a
    decrease in inventory of $21.1, a decrease in other assets of $7.4 and an
    increase in property, plant and equipment of $28.5.

    2. Long-term Debt

    In February 2007, the company entered into a back-to-back loan
    arrangement involving certain financial assets and financial liabilities.
    The company has presented $195.0 of financial assets and financial
    liabilities on a net basis because a legal right to set-off exists, and
    it intends to settle with the same party on a net basis. The company
    incurred $3.2 of debt issue costs as a result of this arrangement which
    were included as a reduction to long-term debt and will be amortized
    using the effective interest rate method over the term of the related
    liability.

    3. Accumulated Other Comprehensive Income

    The balances related to each component of accumulated other comprehensive
    income, net of related taxes, are as follows:

                                                                   March 31
                                                                     2007
    -------------------------------------------------------------------------

    Unrealized holding gains on available-for-sale securities     $  1,021.9
    Gains and losses on derivatives designated as cash
     flow hedges                                                        91.9
    Unrealized foreign exchange gains on translation of
     self-sustaining foreign operations                                  4.6
    -------------------------------------------------------------------------
    Accumulated other comprehensive income                        $  1,118.4
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    4. Income Taxes

    The company's consolidated reported income tax rate for the three months
    ended March 31, 2007 was approximately 30 percent (2006 - 26 percent).
    The change in the consolidated reported income tax rate was due to the
    following:

    -  The consolidated effective income tax rate for the three months ended
    March 31, 2007 was 30 percent compared to 33 percent for the three months
    ended March 31, 2006. The change was primarily attributable to lower
    Canadian income tax rates partially offset by a higher percentage of
    consolidated income earned in the higher-tax jurisdictions during the
    three months ended March 31, 2007 compared to the three months ended
    March 31, 2006. A scheduled two percentage point reduction in the
    Canadian federal income tax rate applicable to resource companies became
    effective at the beginning of 2007. In addition, during the three months
    ended June 30, 2006, the Province of Saskatchewan reduced the corporate
    income tax rate 3 percentage points to 14 percent effective July 1, 2006
    with further 1 percentage point reductions scheduled for July 1, 2007
    and July 1, 2008.

    -  Income tax refunds totaling $12.3 for the 2002-2004 taxation years
    were recorded during the three months ended March 31, 2006 relating to
    a Canadian appeal court decision (pertaining to a uranium producer)
    which affirmed the deductibility of the Saskatchewan capital tax
    resource surcharge.

    5. Net Income Per Share

    Basic net income per share for the quarter is calculated on the weighted
    average shares issued and outstanding for the three months ended
    March 31, 2007 of 104,965,000 (2006 - 103,641,000).

    Diluted net income per share is calculated based on the weighted average
    number of shares issued and outstanding during the period. The
    denominator is: (1) increased by the total of the additional common
    shares that would have been issued assuming exercise of all stock options
    with exercise prices at or below the average market price for the period;
    and (2) decreased by the number of shares that the company could have
    repurchased if it had used the assumed proceeds from the exercise of
    stock options to repurchase them on the open market at the average share
    price for the period. The weighted average number of shares outstanding
    for the diluted net income per share calculation for the three months
    ended March 31, 2007 was 107,258,000 (2006 - 105,825,000).

    6. Segment Information

    The company has three reportable business segments: potash, nitrogen and
    phosphate. These business segments are differentiated by the chemical
    nutrient contained in the product that each produces. Inter-segment sales
    are made under terms that approximate market value. The accounting
    policies of the segments are the same as those described in Note 1.

                                    Three Months Ended March 31, 2007
    -------------------------------------------------------------------------
                                                                      Consol-
                             Potash  Nitrogen  Phosphate  All Others  idated
    -------------------------------------------------------------------------

    Sales                   $  380.5  $  419.6  $  354.6  $      -  $1,154.7
    Freight                     43.5      11.3      27.1         -      81.9
    Transportation and
     distribution                9.6      13.6       7.8         -      31.0
    Net sales - third party    327.4     394.7     319.7         -
    Cost of goods sold         153.2     263.4     255.5         -     672.1
    Gross margin               174.2     131.3      64.2         -     369.7
    Depreciation and
     amortization               17.9      21.7      29.6       3.5      72.7
    Inter-segment sales            -      33.0       0.9         -         -


                                    Three Months Ended March 31, 2006
    -------------------------------------------------------------------------
                                                                      Consol-
                             Potash  Nitrogen  Phosphate  All Others  idated
    -------------------------------------------------------------------------

    Sales                   $  225.8  $  331.9  $  303.9  $      -  $  861.6
    Freight                     25.0       9.6      20.3         -      54.9
    Transportation and
     distribution                7.4      13.3      10.5         -      31.2
    Net sales - third party    193.4     309.0     273.1         -
    Cost of goods sold         102.6     229.6     239.8         -     572.0
    Gross margin                90.8      79.4      33.3         -     203.5
    Depreciation and
     amortization               11.8      19.3      24.3       3.4      58.8
    Inter-segment sales          4.0      31.9       2.2         -         -


    7. Pension and Other Post-Retirement Expenses

    Defined Benefit Pension Plans                      Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------

    Service cost                                    $      3.8    $      3.6
    Interest cost                                          9.1           8.4
    Expected return on plan assets                       (10.7)         (9.6)
    Net amortization and change in valuation
     allowance                                             3.2           3.5
    -------------------------------------------------------------------------
    Net expense                                     $      5.4    $      5.9
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Other Post-Retirement Plans                        Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------

    Service cost                                    $      1.4    $      1.2
    Interest cost                                          3.5           3.0
    Net amortization                                       0.2          (0.1)
    -------------------------------------------------------------------------
    Net expense                                     $      5.1    $      4.1
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    For the three months ended March 31, 2007, the company contributed
    $8.2 to its defined benefit pension plans, $6.6 to its defined
    contribution pension plans and $2.1 to its other post-retirement plans.
    Total 2007 contributions to these plans are not expected to differ
    significantly from the amounts previously disclosed in the consolidated
    financial statements for the year ended December 31, 2006.

    8. Other Income

                                                       Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------

    Share of earnings of equity investees           $     13.0    $     12.4
    Dividend income                                          -           9.1
    Other                                                  0.7           9.7
    -------------------------------------------------------------------------
                                                    $     13.7    $     31.2
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    9. Comparative Figures

    Certain of the prior periods' figures have been reclassified to conform
    with the current period's presentation.



                   Potash Corporation of Saskatchewan Inc.
                     Selected Operating and Revenue Data
                                 (unaudited)

                                                         Three Months Ended
                                                              March 31
                                                         2007          2006
    -------------------------------------------------------------------------

    Potash Operating Data
    Production (KCl Tonnes - thousands)                  2,303         1,295
    Shutdown weeks                                         2.0          31.7
    Sales (tonnes - thousands)
      North America                                        892           527
      Offshore                                           1,273           732
    -------------------------------------------------------------------------
                                                         2,165         1,259
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Potash Net Sales
     (US $ millions)
      Sales                                             $380.5        $225.8
      Less: Freight                                       43.5          25.0
            Transportation and distribution                9.6           7.4
    -------------------------------------------------------------------------
      Net Sales                                         $327.4        $193.4
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

      North America                                     $152.7        $ 91.9
      Offshore                                           171.0          97.2
    -------------------------------------------------------------------------
      Potash Subtotal                                    323.7         189.1
      Miscellaneous products                               3.7           4.3
    -------------------------------------------------------------------------
                                                        $327.4        $193.4
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Potash Average Net Sales Price per MT
      North America                                    $171.15       $174.31
      Offshore                                         $134.28       $132.90
    -------------------------------------------------------------------------
                                                       $149.47       $150.24
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



                   Potash Corporation of Saskatchewan Inc.
                     Selected Operating and Revenue Data
                                 (unaudited)

                                                         Three Months Ended
                                                              March 31
                                                         2007          2006
    -------------------------------------------------------------------------

    Nitrogen Operating Data
    Production (N Tonnes - thousands)                      747           559
    Average Natural Gas Cost per MMBtu                   $4.41         $4.34
    Sales (tonnes - thousands)
     Manufactured Product
      Ammonia                                              520           364
      Urea                                                 339           281
      Nitrogen solutions/Nitric acid/
       Ammonium nitrate                                    478           382
    -------------------------------------------------------------------------
      Manufactured Product                               1,337         1,027
      Purchased Product                                     49            54
    -------------------------------------------------------------------------
                                                         1,386         1,081
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
      Fertilizer sales tonnes                              454           322
      Industrial/Feed sales tonnes                         932           759
    -------------------------------------------------------------------------
                                                         1,386         1,081
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Nitrogen Net Sales
     (US $ millions)
      Sales                                             $419.6        $331.9
      Less: Freight                                       11.3           9.6
            Transportation and distribution               13.6          13.3
    -------------------------------------------------------------------------
      Net Sales                                         $394.7        $309.0
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
     Manufactured Product
      Ammonia                                           $169.4        $123.0
      Urea                                               113.9          81.4
      Nitrogen solutions/Nitric acid/
       Ammonium nitrate                                   86.4          81.0
      Miscellaneous products                               7.3           6.6
    -------------------------------------------------------------------------
      Net Sales Manufactured Product                     377.0         292.0
      Net Sales Purchased Product                         17.7          17.0
    -------------------------------------------------------------------------
                                                        $394.7        $309.0
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
      Fertilizer net sales                              $132.8         $88.1
      Industrial/Feed net sales                          261.9         220.9
    -------------------------------------------------------------------------
                                                        $394.7        $309.0
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Nitrogen Average Net Sales Price per MT
      Ammonia                                          $325.79       $337.69
      Urea                                             $336.54       $289.81
      Nitrogen solutions/Nitric acid/
       Ammonium nitrate                                $180.73       $211.96
    -------------------------------------------------------------------------
      Manufactured Product                             $282.07       $284.19
      Purchased Product                                $359.41       $316.85
    -------------------------------------------------------------------------
                                                       $284.81       $285.81
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
      Fertilizer average price per MT                  $292.37       $273.66
      Industrial/Feed average price per MT             $281.12       $290.97
    -------------------------------------------------------------------------
                                                       $284.81       $285.81
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



                   Potash Corporation of Saskatchewan Inc.
                     Selected Operating and Revenue Data
                                 (unaudited)

                                                         Three Months Ended
                                                              March 31
                                                         2007          2006
    -------------------------------------------------------------------------

    Phosphate Operating Data
    Production (P2O5 Tonnes - thousands)                   525           513
    P2O5 Operating Rate                                    92%           86%
    Sales (tonnes - thousands)
      Fertilizer - Liquid phosphates                       269           260
      Fertilizer - Solid phosphates                        427           377
      Feed                                                 208           165
      Industrial                                           173           173
    -------------------------------------------------------------------------
                                                         1,077           975
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Phosphate Net Sales
     (US $ millions)
      Sales                                             $354.6        $303.9
      Less: Freight                                       27.1          20.3
            Transportation and distribution                7.8          10.5
    -------------------------------------------------------------------------
      Net Sales                                         $319.7        $273.1
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

      Fertilizer - Liquid phosphates                     $68.7         $61.9
      Fertilizer - Solid phosphates                      120.4          93.1
      Feed                                                62.9          52.3
      Industrial                                          63.2          63.2
      Miscellaneous products                               4.5           2.6
    -------------------------------------------------------------------------
                                                        $319.7        $273.1
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Phosphate Average Net Sales Price per MT
      Fertilizer - Liquid phosphates                   $255.20       $238.13
      Fertilizer - Solid phosphates                    $281.98       $246.86
      Feed                                             $302.87       $317.20
      Industrial                                       $365.85       $364.04
    -------------------------------------------------------------------------
                                                       $296.95       $279.94
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Exchange Rate (Cdn$/US$)
                                                         2007          2006
    -------------------------------------------------------------------------

    December 31                                                       1.1653
    March 31                                            1.1529        1.1671
    First-quarter average conversion rate               1.1665        1.1557




                   Potash Corporation of Saskatchewan Inc.
          Selected Non-GAAP Financial Measures and Reconciliations
                         (in millions of US dollars)
                                 (unaudited)

    The following information is included for convenience only. Generally, a
    non-GAAP financial measure is a numerical measure of a company's
    performance, financial position or cash flows that either excludes or
    includes amounts that are not normally excluded or included in the most
    directly comparable measure calculated and presented in accordance with
    generally accepted accounting principles ("GAAP"). EBITDA, cash flow
    prior to working capital changes and free cash flow are not measures of
    financial performance (nor do they have standardized meanings) under
    either Canadian GAAP or US GAAP. In evaluating these measures, investors
    should consider that the methodology applied in calculating such measures
    may differ among companies and analysts.

    The company uses both GAAP and certain non-GAAP measures to assess
    performance. The company's management believes these non-GAAP measures
    provide useful supplemental information to investors in order that they
    may evaluate PotashCorp's financial performance using the same measures
    as management. PotashCorp's management believes that, as a result, the
    investor is afforded greater transparency in assessing the financial
    performance of the company. These non-GAAP financial measures should not
    be considered as a substitute for, nor superior to, measures of financial
    performance prepared in accordance with GAAP.

    A.  EBITDA
        ------

    Set forth below is a reconciliation of "EBITDA" to net income, the most
    directly comparable financial measure calculated and presented in
    accordance with Canadian GAAP.

                                                       Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------
    Net income                                      $    198.0    $    125.5
    Income taxes                                          84.8          43.4
    Interest expense                                      25.5          23.2
    Depreciation and amortization                         72.7          58.8
    -------------------------------------------------------------------------
    EBITDA                                          $    381.0    $    250.9
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    EBITDA is calculated as earnings before interest, income taxes,
    depreciation and amortization. PotashCorp uses EBITDA as a supplemental
    financial measure of its operational performance. Management believes
    EBITDA to be an important measure as it excludes the effects of items
    which primarily reflect the impact of long-term investment decisions,
    rather than the performance of the company's day-to-day operations. As
    compared to net income according to GAAP, this measure is limited in that
    it does not reflect the periodic costs of certain capitalized tangible
    and intangible assets used in generating revenues in the company's
    business. Management evaluates such items through other financial
    measures such as capital expenditures and cash flow provided by operating
    activities. The company believes that this measurement is useful to
    measure a company's ability to service debt and to meet other payment
    obligations or as a valuation measurement.

                   Potash Corporation of Saskatchewan Inc.
          Selected Non-GAAP Financial Measures and Reconciliations
                         (in millions of US dollars)
                                 (unaudited)

    B.  CASH FLOW
        ---------

    Set forth below is a reconciliation of "cash flow prior to working
    capital changes" and "free cash flow" to cash provided by operating
    activities, the most directly comparable financial measure calculated and
    presented in accordance with Canadian GAAP.

                                                       Three Months Ended
                                                            March 31
                                                       2007          2006
    -------------------------------------------------------------------------
    Cash flow prior to working capital changes(1)   $    283.0    $    189.4
    -------------------------------------------------------------------------
    Changes in non-cash operating working capital
      Accounts receivable                                (50.8)         63.3
      Inventories                                        (10.6)          8.9
      Prepaid expenses and other current assets          (11.4)        (27.0)
      Accounts payable and accrued charges               109.4        (247.1)
    -------------------------------------------------------------------------
    Changes in non-cash operating working capital         36.6        (201.9)
    -------------------------------------------------------------------------
    Cash provided by (used in) operating
     activities                                     $    319.6    $    (12.5)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Free cash flow(2)                               $    162.5    $    (61.4)
    Additions to property, plant and equipment           109.0         120.0
    Purchase of long-term investments                      9.7         126.3
    Other assets and intangible assets                     1.8           4.5
    Changes in non-cash operating working capital         36.6        (201.9)
    -------------------------------------------------------------------------
    Cash provided by (used in) operating
     activities                                     $    319.6    $    (12.5)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    (1) The company uses cash flow prior to working capital changes as a
        supplemental financial measure in its evaluation of liquidity.
        Management believes that adjusting principally for the swings in
        non-cash working capital items due to seasonality assists management
        in making long-term liquidity assessments. The company also believes
        that this measurement is useful as a measure of liquidity or as a
        valuation measurement.

    (2) The company uses free cash flow as a supplemental financial measure
        in its evaluation of liquidity and financial strength. Management
        believes that adjusting principally for the swings in non-cash
        operating working capital items due to seasonality, additions to
        property, plant and equipment, purchases of long-term investments,
        and changes to other assets assists management in the long-term
        assessment of liquidity and financial strength. The company also
        believes that this measurement is useful as an indicator of the
        company's ability to service its debt, meet other payment obligations
        and make strategic investments. Readers should be aware that free
        cash flow does not represent residual cash flow available for
        discretionary expenditures.


    Certain of the prior periods' figures have been reclassified to conform
    with the current period's presentation.

    

    %SEDAR: 00001608EF




For further information:

For further information: Investors: Denita Stann, Director, Investor 
Relations, Phone: (847) 849-4277, Fax: (847) 849-4691, Email: 
ir@potashcorp.com; Media: Rhonda Speiss, Manager, Public Relations, Phone: 
(306) 933-8544, Fax: (306) 933-8844, pr@potashcorp.com, Web Site:
www.potashcorp.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890