$3B potash mine possible for Sedley BY BRUCE JOHNSTONE$3B potash mine possible for Sedley
BY BRUCE JOHNSTONE, LEADER-POST MARCH 19, 2014
A brief mention of a joint venture project with North
Atlantic Potash Inc. in Rio Tinto's 2013 annual report has the potash industry buzzing about a large find of potash near Sedley, about 30 kilometres southeast of Regina...
...Waugh, who is based out of North Atlantic's Saskatoon office, was unavailable for comment Tuesday. But Waugh, who worked for Mosaic Potash for 14 years, including a six-year stint at the Colonsay mine, told the Saskatoon StarPhoenix in February 2013 that building a mine is five-to 10-year project.
"The price today, at $400 (per tonne), you couldn't justify a new operation (in Saskatchewan)," he said. "But if you look five years out when the mine would come into production, and the five years after that which is the period you would pay for (the mine), what do you think the price will be then? That's why you have to look at it strategically over the next 10 years."
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9634215