A Saskatoon-based potash company is planning to expand its operations within the province after purchasing two mining leases that could lead to a small production site in south central Saskatchewan.
Potash Mining News
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Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.
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Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.
Province wants to assess the remaining potash resource, if any, near the now closed Penobsquis mine.
K+S is responsible for the maintenance on the road, and they acknowledge that there are issues.
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The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.
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They are definitely making more than those working in forestry, manufacturing, finance and construction.
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Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.