PotashCorp – Expansion, employment and our communities

Potash Corporation of Saskatchewan Inc. (PotashCorp) is a Saskatchewan success story – from a Crown corporation that was publicly listed on the Toronto and New York stock exchanges in 1989 to a global industry leader with the largest market cap in Canada’

The name PotashCorp is synonymous with Canada’s world-class potash industry. The company, with its headquarters in Saskatoon, is the largest potash producer in the world by capacity and the third-largest producer of nitrogen and phosphate. The nutrients potash, nitrogen and phosphate act as an essential part of sustainable agriculture. As plants grow, they take nutrients from the soil and those nutrients need to be replaced by farmers. The nutrients do not replace themselves naturally. So as the world’s population keeps growing, the demand for potash, nitrogen and phosphate is expected to grow. And, as a company, PotashCorp is positioned to play an important role in helping farmers get more from their land. “PotashCorp plays an important role in global food security by providing farmers with the essential nutrients they need to ensure the fertility of their soils. Our province and our company play an important role in agriculture and food security around the world,” says Bill Doyle, PotashCorp’s President and Chief Executive Officer.

EXPANSION

To continue to meet the needs of its customers around the world, PotashCorp has undertaken a series of potash capacity expansions. And, Saskatchewan is central to this business strategy with a $6.1 billion investment in its mining operations. The company operates five potash mines in Saskatchewan (Allan, Cory, Lanigan, Patience Lake and Rocanville) and all facilities have recently been through or are currently undergoing expansions to increase capacity. In an independent study by the economic research firm Informetrica, it was estimated that PotashCorp’s capital expansion program is helping create 36,000 jobs in Saskatchewan during construction. That includes mining and construction jobs, but also employment opportunities in the trades, management, service and support industries. Once complete, the expansions will also create significant opportunities within PotashCorp’s operations.

EMPLOYMENT

PotashCorp has more than 5,700 employees throughout Canada, the US and Trinidad – 45 percent of whom are based in Saskatchewan. In 2013 PotashCorp has been named one of Canada’s Top 100 Employers, a Top Employer in Saskatchewan and one of Canada’s Top Employers for Young People. Providing a long-term career path for its employees is important to PotashCorp’s strategy, as evidenced by its low employee turnover rate and industryleading benefits program. “PotashCorp focuses on potential employees who want to live and work in Saskatchewan. As a company, we are a big part of the community so we hope our employees will also be engaged. High levels of employee involvement in initiatives such as our charitable Matching Gift Program only serve to strengthen our ties to the community,” says Lee Knafelc, PotashCorp’s Vice President of Human Resources and Administration. PotashCorp is currently placing its recruitment emphasis on employee readiness and preparing for changing demographics within the province, including the upcoming retirement of long-term mine and mill employees. There is a particular focus on anticipating workforce needs such as skilled labor (mine and mill operators), journeyperson trades (mechanics and front line supervisors), mining engineers and geologists. To fill future workforce needs, PotashCorp is actively involved in career fairs at colleges and universities with related technical and academic programs. The company also provides a wide range of scholarships and bursaries for applicable programs at institutions such as the University of Saskatchewan and the Saskatchewan Institute of Applied Science and Technology (SIAST). The company continues to focus on strengthening working relationships with Aboriginal organizations and increase First Nations and Métis representation, both as PotashCorp employees and suppliers. As the fastest growing demographic in Saskatchewan, First Nations and Métis individuals are an important part of PotashCorp’s recruitment focus. In addition, all PotashCorp employees in Saskatchewan take Aboriginal awareness training.

COMMUNITIES

PotashCorp is committed to building strong relationships and improving the well-being of all communities in which it operates. By supporting projects and initiatives that reflect the company’s goals and values, PotashCorp strives to improve the quality of life in these communities. PotashCorp’s priority areas for corporate philanthropy are food security, education and training, community building, health and wellness, environmental stewardship and arts and culture.

In 2012 the total value of PotashCorp’s corporate philanthropy program was $28 million company-wide with the majority of that invested in Saskatchewan.

To tie back to its connection to food security, in September 2012 PotashCorp announced its partnership with the international development organization Free The Children. PotashCorp is the founding partner of the new Agriculture and Food Security pillar of Free The Children’s established Adopt a Village development model and directly supports six communities (two in Kenya, two in India and two in China) on agricultural initiatives. Locally, We Day was brought to Saskatchewan for the first time by PotashCorp in February 2013 as part of its multi-year partnership with Free The Children. The all-day stadium event aims to educate, engage and empower 15,000 youth. A second Saskatchewan We Day is being held on November 6 in Saskatoon with over 200 PotashCorp employees volunteering for the event. PotashCorp continues to invest in the province of Saskatchewan to improve the lives of those who play a role in the sustainability of its business – from the customers who rely on its essential nutrients, to the employees who proudly play a role in global food security, and the communities that provide the talent and support for its business.