Province to Auction Off Potash Deposits

New Brunswick Business Journal reported that New Brunswick plans to auction off Crown land containing potash deposits.

The market news is quoted as saying:

Natural Resources Minister Bruce Northrup said the change was made to get better value for the province. He said the potash industry has a large potential for value-added spinoffs, from the processing of potash into fertilizer, to exploiting other minerals that are byproducts of potash extraction.

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