RE:Mining for optimism amid slowdown
Updated: 2015-04-18 04:28
By EDDY LOK in Toronto(China Daily Canada)
Mining for optimism amid a slowdown
According to John Costigan, vice-president for corporate development at Western Potash Corp in Vancouver, the involvement of the China National Offshore Oil Corp (CNOOC), China Blue and Guoxin are a testament to the viability of potash, with Chinese State-owned enterprises having a low risk tolerance.
Western Potash Corp. is building a mine at its Milestone Potash Project in Saskatchewan.
"Building this mine is significant for Saskatchewan as it would add between 1,000 and 1,500 jobs during construction while creating more than 350 full-time well-paying positions, and once commercial full-scale production begins, it will generate hundreds of millions of dollars in royalties and taxes for the Saskatchewan Government," Costigan said.
https://usa.chinadaily.com.cn/world/2015-04/18/content_20464103.htm
It is always good to be in the news;-)