https://www.miningweekly.com

PotashCorp curtails some capacity; Mosaic flags Irma disruption

20th September 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Canada’s largest potash producer PotashCorp of Saskatchewan said on Wednesday it would curtail some capacity to balance its supply with market demand.

Saskatoon, Saskatchewan-based PotashCorp said it would fully rely on its lowest-cost Rocanville operations, while the Allan operation would curtail output for ten weeks, starting on November 19. The Lanigan mine will also curtail production for eight weeks, starting on December 3.

PotashCorp said the number of temporary layoffs associated with the inventory adjustments had not been determined, as the company was assessing opportunities for reassigning employees during these shutdown periods to essential services, capital projects and maintenance activities.

Meanwhile, US rival The Mosaic Company announced on Wednesday that, despite avoiding significant damages in connection with Hurricane Irma, the company expects about 250 000 t to 350 000 t lower production in the month of September. Together with the damage to Mosaic's Bartow warehouse, this could result in a loss of up to 400 000 t of finished phosphate product.

However, the impact is slightly offset by profitability metrics tracking ahead of the third quarter guidance, with good demand and strong operational performance.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

The content 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