Skip to main content

Mosaic Co. to idle Colonsay potash mine

Published by
World Fertilizer,


The Colonsay mine's proven annual production capacity is 2.6 million t.

The Mosaic Co. has announced that it will idle its Colonsay, Saskatchewan potash mine for the rest of 2016. The move is to allow the company to adapt to challenging potash market conditions. Approximately 330 employees have received temporary layoff notices as a result of the idling.

The Colonsay mine's proven annual production capacity is 2.6 million t.

"We continue to execute the difficult but necessary actions to ensure Mosaic will be as competitive as possible across the business cycle," said President and CEO, Joc O'Rourke. "Lower global potash demand and market prices require that we curtail production. Idling Colonsay will enable us to meet our customers' needs while reducing our production costs."

Read the article online at: https://www.worldfertilizer.com/potash/15072016/mosaic-co-to-idle-colonsay-potash-mine/

You might also like

 Plant Optimisation 2020

Plant Optimisation 2020

Professionals in the fertilizer sector can tune in from anywhere in the world and learn about the latest fertilizer plant optimisation innovations.

Register for your free space today »

 

Petrobas on sale of fertilizer unit in Paraná

Petróleo Brasileiro S.A. has informed that it has started the opportunity disclosure stage, referring to the sale of all its shares in Araucária Nitrogenados S.A.

 
 

Embed article link: (copy the HTML code below):