IHS Chemical Week

Mosaic delays potash expansion

12:34 PM MDT | May 15, 2013

Mosaic has decided to delay by 1-2 years expansion of its Saskatchewan potash mines, the company’s CFO Lawrence Stranghoener said recently. The company is deferring the final 2-million m.t./year potash expansion because of unfavorable market conditions and high labor costs. The project was expected to cost upward of $2 billion. “By waiting a year or two, we may see improved labor conditions in Saskatchewan that might help bring down the cost of this project,” Stranghoener said. The long-term supply picture in the potash industry may by that time also be...

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