PotashCorp Expands Capacity

Potash Corp. of Saskatchewan Inc. (PotashCorp) has moved up its potash facility expansion by three years.

PotashCorp. Is planning a 2-million-tonne mine and mill expansion at Rocanville, SK, that will raise the company’s total annual potash capacity to 15.7 million tonnes by the end of 2012. The company says the Rocanville site is one of the lowest-cost production facilities in the world potash industry. By leveraging off the existing facilities and infrastructure at Rocanville, PotashCorp expects to complete the project in less than five years at an estimated cost of $1.8 billion in U.S. dollars. This would be significantly faster and over 25% less expensive than comparative new "greenfield" capacity, and will help maintain Rocanville’s low-cost position.

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"For nearly 20 years we have optimized the value of our potash assets and consistently served the needs of our customers by following our long-held strategy of matching supply to market demand," says PotashCorp President and CEO Bill Doyle. "With a global environment of growing demand and tight supply, potash consumers around the world need us to bring more product to the table, and this is our next step in meeting that need."

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Rocanville, in southeastern Saskatchewan, is an extremely valuable asset due to the quality of the potash deposit and its proximity to the U.S. market. The unique geology of the deposit allows for the most technically advanced potash mining methods in the world to be applied, lowering production costs.

Visit www.potashcorp.com for additional information about the Rocanville expansion.

 

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