Potash One Inc. is making plans to develop a new potash project southwest of Regina for an estimated $1.9-billion (U.S.). The company announced yesterday that work has been completed on a pre-feasibility study at its Legacy potash project in Saskatchewan, and the results have convinced the company to move forward to the feasibility stage. The Legacy mine, which would use a method that uses water to dissolve minerals for extraction, would have a 40-year life and produce 2.5 million tonnes per year of potash, with initial startup targeted for the fourth quarter of 2013. KCL (TSX) fell 20 cents to $3.35.
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- POTASH CORPORATION OF SASKATCHEWAN INC.
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