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Not right time for new mine: Potash CEO
VIENNA, Austria -- Twenty-five years after the last potash mine was built, Potash Corp. of Saskatchewan Inc. chief executive William Doyle says there is no justification to build a new one, despite soaring prices for the potassium-based plant food.
"Believe it or not, the economics don`t justify it, not yet," Doyle said in an interview at the International Fertilizer Industry Association in Vienna, Austria.
http://www.canada.com/saskatoonstarphoenix...5a-7e5ef5bb805b
VIENNA, Austria -- Twenty-five years after the last potash mine was built, Potash Corp. of Saskatchewan Inc. chief executive William Doyle says there is no justification to build a new one, despite soaring prices for the potassium-based plant food.
"Believe it or not, the economics don`t justify it, not yet," Doyle said in an interview at the International Fertilizer Industry Association in Vienna, Austria.
http://www.canada.com/saskatoonstarphoenix...5a-7e5ef5bb805b