https://www.miningweekly.com

Mosaic curtails potash production at Saskatchewan

7th December 2022

By: Creamer Media Reporter

     

Font size: - +

NYSE-listed Mosaic has temporarily curtailed production at the Colonsay potash mine, in Saskatchewan, as demand is returning more slowly than expected.

Prior to the curtailment, Colonsay had been operating at a yearly run rate of 1.3-million tonnes with plans to expand output to 1.8-million to 2.0-million tonnes by late 2023, following the restart of mine's second mill.

Mosaic states that its inventory levels are sufficient to meet near-term demand.

"Our decision to temporarily curtail Colonsay reflects near-term dynamics and not long-term agricultural market fundamentals. Crop prices remain strong and continue to support healthy grower economics," said president and CEO Joc O'Rourke.

"After a year of reduced applications, we believe farmers are incentivized to maximize yields, which should drive significant recovery in fertiliser demand in 2023."

Underground development work will continue in anticipation of the restart of both mills in early 2023.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION