Name and Location
Muskowekwan potash project, Saskatchewan, Canada.

Client
Encanto Potash.

Project Description
A prefeasibility study completed on the Muskowekwan potash project has confirmed that it has significant positive economics and the resource is sufficient in size and grade to support primary and secondary mining for more than 50 years, with a potassium chloride production rate of 2.8-million tons a year. The project has proven and probable reserves of 161.96-million tons of potassium chloride.

Value
Capital expenditure, including contingency and escalation, is estimated at $2.86-billion and includes estimates for water supply, a gas pipeline and cogeneration plant.

Duration
Construction is expected to start in the second quarter of 2014 and mine start-up in the first quarter of 2017.

Latest Developments
An environmental-impact study has been initiated to capture all the environmental, heritage and historic aspects required by the regulators to obtain construction permitting. The study is expected to be completed in the third quarter of 2013.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
To early to state.

Contact Details for Project Information
Encanto Potash, tel +1 604 683 2402.