Canada Potash to expand Cory by 1.2m tonnes

02 May 2007 23:41  [Source: ICIS news]

HOUSTON (ICIS news)--Canada’s Potash Corporation of Saskatchewan on Wednesday announced the start of a $775m (€566m) project to expand potash production by 1.2m tonnes/year at its Cory operation.

The figure cited includes $75m for 750,000 tonnes of new compaction capacity, the company said in a statement.

"We believe that the world will need more potash, and we are in the best position to meet that demand," said PotashCorp president and chief executive officer Bill Doyle.

The project involves debottlenecking of underground operations as well as a significant expansion into the production of red potash products.

A new plant will be constructed for the crushing, flotation, centrifuging and drying of 2m tonnes/year year of red products, with up to 800,000 tonnes of this to be crystallised for white product production, the company said.

Additionally, storage, load-out and rail yard capabilities will be expanded to support the new red product line.

Work is scheduled to begin immediately and will take 36 months to complete.

Cory in 2006 produced some 800,000 tonnes of its 1.37m tonne nameplate capacity, and currently makes only white potash products for industry, the company said.

($1.00 =  €0.73)

By: John Waggoner
+1 713 525 2653

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