Potash Major Suspended Operations at Its Mine for Month

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28 Aug 2012 11:12 Valerie Rose

CHEMMONITOR.COM – The Saskatoon-headquartered world largest potash producer Potash Corporation of Saskatchewan plans to suspend operations at its mine located at Lanigan site. The mine is able to produce over 3.2 million tonnes annually. The decision to shut the mine was entailed by overloaded inventories and scaled back consumption in the fertilizer market. The demand for fertilizers, in its turn, resulted from bad weather conditions or rather, drought in the USA.

The company plans to idle the mine for the period of a month, from mid September through mid October.

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