Juniors and JansenHangin in there; will it be the one that gets built?
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Companies still hoping to build new mines took more damage from Jansen. The UK's Sirius Minerals (LON:SXX) gave up 5.5%. Sirius, advancing a project in Yorkshire, has been one of the biggest losers, down almost 50% as its prospects are severely crimped by the new realities in the sector.
Saskatchewan's junior players hoping to build mines in the Canadian province including Karnalyte Resources (TSE:KRN), remains 61% below its pre-Uralkali levels and Vancouver's Encanto Potash (TSE:EPO) has not recovered either.
Western Potash (TSE:WPX) shed 3.4% on Tuesday, but has come off relatively unscathed amid the carnage – the share's cumulative losses since the Belaruskali bombshell is just over 10% and year to date the counter is in fact showing gains.
The Vancouver-based company enjoys Chinese backing and a low-cost production plan for its $2.9 billion Saskatchewan mine it hopes to put into commercial production as soon as 2016.
https://www.mining.com/potash-stocks-shrug-bhp-jansen-move-95549/