Nutrien announces potash production curtailments due to Vancouver port strike
Published by Emily Thomas,
Deputy Editor
World Fertilizer,
Nutrien Ltd. has announced that it has curtailed production at its Cory potash mine due to the loss of export capacity through Canpotex’s Neptune terminal as a result of the International Longshore and Warehouse Union (ILWU) Canada strike at the Port of Vancouver.
Nutrien expects full-year 2023 potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated. The company will provide updated full-year 2023 guidance reflecting these impacts at the time of our second quarter results on Wednesday 02 August 2023.
“The disruption at the Port of Vancouver has resulted in the curtailment of production at our Cory potash mine and if prolonged could also impact production at our other potash mines in Saskatchewan. We urge the parties in this dispute to come to a swift resolution to prevent further damage to the Canadian economy,” said Ken Seitz, Nutrien’s President and CEO.
Read the article online at: https://www.worldfertilizer.com/potash/20072023/nutrien-announces-potash-production-curtailments-due-to-vancouver-port-strike/
You might also like
Yara reports increased deliveries, lower prices and reduced GHG emission intensity in 1Q
The company’s financial results show that first-quarter EBITDA was US$435 million compared to US$487 million in the first quarter of 2023.