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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Post by degreefasteron Jun 03, 2014 11:18am
536 Views
Post# 22624751

Western Potash secures right of way for pipeline

Western Potash secures right of way for pipeline
https://regina.ctvnews.ca/western-potash-secures-right-of-way-for-pipeline-from-regina-to-milestone-mine-1.1840874 CTV Regina Western Potash Corp. has purchased a right of way that will facilitate construction of a pipeline to transport treated wastewater from Regina to the company’s proposed Milestone project. The 11-kilometre right of way runs from the city’s wastewater treatment plant to the TransGas natural gas storage caverns about 30 kilometres from the proposed mine. The right of way will facilitate the construction of a 30-inch pipeline to transport treated wastewater from the plant to the project site. In a news release Tuesday, Western Potash said it was important to negotiate the purchase of the right of way with TransGas because of increasing development in the area. In November 2012, Western Potash signed a $200 million deal with the city to divert up to 60,000 cubic metres of treated wastewater from the plant in the first six years of the agreement. The proposed potash mine, which is to be located 30 kilometres southeast of Regina, is expected to use another 42,240 cubic metres of recycled water a day in the remaining 39 years of the deal. The deal also includes a $500,000 commitment fee that will become non-refundable if wastewater isn’t flowing to the potash mine by the end of 2016. If it still isn’t flowing by 2019, the city would have the option to terminate the contract. Western Potash will cover the cost of constructing a pipeline from the wastewater treatment plant to the mine. A city report says diverting the effluent would improve the quality of water in Wascana Creek and downstream lakes. However, the report also warns that fish habitat in the creek could be impacted by reduced stream flow. A positive feasibility study for the Milestone project was completed in December 2012.
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