Name of the Project
Encanto potash project.
Location
The mine is being developed on a First Nation reserve in south-east Saskatchewan, in Canada.
Client
Encanto Potash Corporation, in partnership with the Muskowekwan First Nation.
Project Description
A preliminary economic assessment (PEA) completed on the Encanto potash has shown the project to have significant positive economics.
The proposed mine will have the capacity to produce and export 3.4-million tonnes of muriate of potash a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of C$1.13-billion and an internal rate of return of 18.9%.
Value
Project value is estimated at C$3.7-billion.
Duration
Not stated.
Latest Developments
Encanto’s next steps will be to secure the additional capacity, above the 3.4-million-tonne estimated mine capacity to supply the five-million tonnes of potash established under the contract signed with the National Federation of Farmers’
Procurement, Processing and Retailing Cooperatives of India in January.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Encanto Potash Corporation, tel +1 604 609 6110.