Saskatchewan premier comes around to rejigging potash royalties

Michael Allan McCrae | August 25, 2012 | 8:17 pm Canada Potash

Potash royalties in Saskatchewan may be changing after all now that Premier Brad Wall has had a change of heart, according to an editorial by The StarPhoenix.

During the provincial election, Wall said changing the royalty rates would hurt the investment climate after the NDP opposition said the province was not getting its fair share of potash riches.

“Clearly we have a potash royalty structure that’s based on cost more than it is on volume, on the price more than it is volume, and that’s going to change,” said the premier.

“We’re going to have to readjust so stakeholders have the stability they need and the taxpayers can be kept whole.