Saskatchewan Residents Discuss Chinese-owned Potash Mine Proposal at Public Meeting

Potash Investing

CBC News reported that a public meeting was held in Earl Grey, Saskatchewan to discuss a proposed potash mine which would be owned by a subsidiary of Yanzhou Coal Mining (NYSE:YZC).

CBC News reported that a public meeting was held in Earl Grey, Saskatchewan to discuss a proposed potash mine which would be owned by a subsidiary of Yanzhou Coal Mining (NYSE:YZC).
As quoted in the market news:

Yancoal Canada, which operates coal mines in China and Australia, is proposing a potash mine with an annual output of 2.8 million tonnes near the communities of Earl Grey, Southey and Strasbourg.
Prior to the meeting, local resident Cathi Beckel said she has concerns about the project, noting there are too many risks — including water security issues and a boom and bust job situation — with too few benefits.
“I’m concerned about our environment. I’m concerned about our farmers. I’m concerned about our communities,” Beckel said. “These big industries come in and they really change communities.”
Representatives from Yancoal, and provincial officials from the ministries of the economy and the environment were at the meeting to make presentations on the proposal. There was also a question and answer session.

Click here to read the full CBC News report.

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