Canada’s potash firm Western Potash hires advisor, may be for sale

26 November 2010 00:53  [Source: ICIS news]

TORONTO (ICIS)--Canada’s Western Potash has hired an advisor to explore strategic alternatives for its potash development project in Saskatchewan province, it said on Thursday.

Western Potash was also in talks with third parties that could end up in its sale or takeover, it said.

The company owns a potash property near Mosaic’s Belle Plaine potash mine southeast of Regina, Saskatchewan, with potential production of 2.5m tonnes/year, it said.

Earlier this week, German fertilizer firm K+S announced an agreed takeover bid for Potash One, which plans to develop a 2.7m tonne/year greenfield potash project in Saskatchewan.

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By: Stefan Baumgarten
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