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POTASH CORPORATION OF SASKATCHEWAN INC. SIGNS AGREEMENT TO BE THE EXCLUSIVE POTASH EXPORT SALES REPRESENTATIVE FOR MISSISSIPPI CHEMICAL

POTASH CORPORATION OF SASKATCHEWAN INC. SIGNS AGREEMENT TO BE THE EXCLUSIVE POTASH EXPORT SALES REPRESENTATIVE FOR MISSISSIPPI CHEMICAL
 SASKATOON, Saskatchewan, June 16 /PRNewswire/ -- Potash Corporation of Saskatchewan Inc. (New York, Toronto, Montreal: POT), (PCS) today announced that its wholly owned subsidiary PCS Sales has signed an agreement to be the exclusive export sales representative for potash produced by Mississippi Chemical Corp.
 Mississippi Chemical Corp., a U.S. Co-operative based in Yazoo City, Miss., produces a total of approximately 300,000 tons of potash per year from its mine in Carlsbad, N.M., for both domestic and offshore markets. The initial term of the agreement which is effective June 16, 1992, runs until June 30, 1993. It will continue on a year-to-year basis thereafter.
 PCS now represents four of the five New Mexico potash mines in offshore markets. Agreements were previously signed on Feb. 7, 1992, with Horizon Potash and on May 5, 1992, with New Mexico and Eddy Potash. New Mexico mines produce 90 percent of the total muriate of potash production in the United States with the principal offshore market for its potash being Latin America.
 "With the conclusion of this agreement we now represent about 90 percent of the offshore sales of the muriate of potash from the mines in New Mexico," stated C.E. Childers, chairman, president and chief executive officer. "Our enhanced position as a global potash supplier will benefit both ourselves and the New Mexico producers we represent. We will cover these international sales with our existing marketing team operating under the capable guidance of PCS Sales President Bill Doyle."
 Potash Corporation of Saskatchewan Inc. along with its subsidiary PCS Sales is a leading international company engaged in the mining, production and sale of potash, one of the three primary fertilizer nutrients. An industry leader with a clean balance sheet, PCS is the world's largest publicly traded supplier. The company pays an annualized dividend of $.72 per share.
 -0- 6/16/92
 /CONTACT: Betty-Ann Heggie, VP-corporate relations of Potash Corporation of Saskatchewan, 306-933-8521/
 (POT) CO: Potash Corporation of Saskatchewan; Mississippi Chemical Corp. ST: Saskatchewan, Mississippi IN: MNG SU:


EH-JL -- LA028 -- 0900 06/16/92 19:42 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:362
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