K+S officially opens Bethune potash mine
The first new potash mine built in Saskatchewan in 40 years held its grand opening Tuesday afternoon.
The K+S Bethune mine, located 60 kilometres northwest of Regina, is expected to produce two million tonnes of potash by the end of the year.
Norbert Steiner, CEO of K+S AG, said the company expects production costs to be low enough to make the mine profitable even with lower potash prices.
“We made the investment decision at a time when prices were significantly higher but when you are on the road to build such a big plant, you are well-advised to continue the building of the plant until it is finished,” he said.
Ulrich Lamp, CEO of K+S Potash Canada, said the company chose to build in Saskatchewan because the deposit was of good quality, but more importantly because of the legal and democratic system.
“You have conditions that are fair and well-managed and that may be a little different than most other countries with potash resources,” he said. Read more…
K+S officially opens Bethune potash mine
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