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Piccadilly Potash Mine in Penobsquis Set to Open Soon

Investing News Network
Nov. 05, 2014 09:02AM PST
Potash Investing

The Piccadilly potash mine in Penobsquis, New Brunswick is expected to begin production soon as it opens following a slump in the potash market and layoffs.

The Piccadilly potash mine in Penobsquis, New Brunswick is expected to begin production soon as it opens following a slump in the potash market and layoffs.

According to CBC:

The $2.2 billion project hit a bump in the road as it neared completion with slumping demand for both potash and phosphates. That resulted in more than 70 layoffs.

Jean-Guy Leclair, general manager of Potash Corp. Penobsquis, said:

Our goal is to still close the old mine and keep the new mine open. That is still our goal. Like the manpower, there’s not going to be a big difference with the manpower.

Click here to read the full article.

potash mine potash market new brunswick
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