06 January 2012 16:47 [Source: ICIS news]
LONDON (ICIS)--PotashCorp will shut down its Allan potash mine in ?xml:namespace>
The mine, which can produce nearly 2m tonnes of potash annually, will close from 5 February to 3 March. Operations will resume on the morning of 4 March, the company said.
This is the third shutdown announced by PotashCorp in less than a month. The company’s Rocanville mine is already closed for six weeks, from 25 December 2011 to 4 February. The Lanigan mine will shut down for eight weeks, starting 8 January 2012, and will re-open on March 3 2012.
The move to close the Allan mine is “consistent with PotashCorp’s practice of matching supply with demand,” the company said.
Extreme caution among distributors because of macroeconomic concerns, and healthy inventory levels, have hit demand in the last few months. Signs of weakness from the world’s biggest markets,
Partial rollback of prices has failed to boost demand in the
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