March 31, 2015 / 7:09 PM / 3 years ago

CORRECTED-Canada potash tax changes to cost Mosaic $80 mln-$100 mln -company

(Corrects second paragraph to state tax deductions were previously taken over one year)

March 30 (Reuters) - Changes to the Canadian province of Saskatchewan’s potash production tax will cost U.S. fertilizer company Mosaic Co $80 million to $100 million in 2015, the company said on Monday.

The province said earlier this month that it will require potash mining companies to take tax deductions based on their capital spending over two years, rather than one, as it looked to plug a hole in its budget.

The move affects Mosaic and rivals Potash Corp of Saskatchewan and Agrium Inc. Potash Corp has said the changes will hurt its 2015 pre-tax earnings by C$75 million to C$100 million. (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Grant McCool and Christian Plumb)

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