Home » Newswire » New joint venture could have Tugaske potash mine running by 2019 – StarPhoenix
New joint venture could have Tugaske potash mine running by 2019 – StarPhoenix
by ahnationtalk onMay 19, 2017107 Views
May 18, 2017
After months of aggressive cost-cutting, Saskatchewan’s beleaguered potash industry appears to be turning the corner, with established mining companies recording higher profits and several new firms working to develop greenfield projects.
The latest is Vanguard Potash Corp., a joint venture formed last month by Gensource Potash Corp. and Essel Group ME Ltd., which says it could have a mine that does not require surface tailings deposits operating near Tugaske by 2019.
“The first one is a huge deal for us,” said Mike Ferguson, a potash industry veteran who steered Potash One Inc. to its 2010 friendly takeover by K+S AG before forming Gensource with the notion of “disrupting” the industry.