13 June 2012
Reserve mine Siegfried-Giesen
Regulatory review of potash production resumption in preparation
After the technical, economic and market aspects of a possible reopening of the Siegfried-Giesen reserve mine were examined in a comprehensive feasibility study, its results were assessed as basically promising by the Company’s decision-making bodies.
As a next step, the project’s viability is now being reviewed. To that end, a specially established project group is carrying out the tests necessary for a regional planning procedure and a subsequent plan approval procedure and drawing up the relevant documents. The appropriate applications for these procedures will then be made.
The two administrative procedures, for which the district of Hildesheim and the Regional Office for Mining, Energy and Geology are responsible, will take several years to complete. After the results of these procedures are available, an investment decision can be made on the basis of the economic and market conditions verified as a final step.
The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, K+S is the world’s leading producer with sites in Europe as well as North and South America. K+S offers a comprehensive range of goods and services for agriculture, industry, and private consumers which ensures growth in virtually every sphere of daily life. The K+S Group employs more than 14,000 people.
Within the K+S Group, K+S KALI GmbH is responsible for the potash and magnesium products sphere of operation. In six mines in Germany, the company mines salts containing potash, magnesium and sulphur and produced a wide range of high-quality products from them for the agricultural, industrial, healthcare and food sectors.