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CKOM reported that Chinese-based Yancoal is considering a massive, multi-billion dollar potash mine project to be developed about halfway between Southey and Strasbourg.
CKOM reported that Chinese-based Yancoal is considering a massive, multi-billion dollar potash mine project to be developed about halfway between Southey and Strasbourg.
As quoted in the market news,
Swanston indicated Yancoal is getting pretty close to the start of construction. He figures shovels could be in the ground as soon as next year. The company’s website confirms that plan, with the mine scheduled to be in operation by 2020. Their goal is to produce 2.8 million tonnes of potash annually.
Click here for the full CKOM report
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