Chinese Potash Bid Depends on Canada Premier’s Office, G&M Says

China’s Sinochem Group won’t proceed with its bid for Potash Corp. of Saskatchewan Inc. without a “positive signal” from the office of Canadian Prime Minister Stephen Harper that its offer will be fairly considered, the Globe & Mail reported, citing unidentified people close to Sinochem.

Sinochem is willing to make large concessions to the federal and Saskatchewan governments to allay concern about ownership of Potash passing to a Chinese state-owned company, the newspaper said.