20 June 2012
Ground-breaking ceremony at K+S Potash Canada
Official construction start for Legacy Project in Canada
In an official ground-breaking ceremony, K+S Chairman of the Board of Executive Directors Norbert Steiner and the Minister for Resources of the province of Saskatchewan, Tim McMillan, yesterday together gave the start signal for the extensive construction work on the new potash site in the south of the Canadian province of Saskatchewan.
“The Legacy Project is of the utmost importance to us”, said Norbert Steiner in his speech at the event, which was attended by about 300 guests. “We are convinced that Legacy is a decisive strategic step forward for the whole K+S Group and, in combination with our German potash mines, will significantly strengthen the international competitiveness of K+S”, Steiner continued.
On behalf of the provincial government, Minister McMillan welcomed the investments of K+S in his province and emphasised: “This is certainly a great day for the people of Saskatchewan,” said Minister McMillan. “For the first time in over 40 years, a brand new potash mine will be built in our province. The jobs and economic development from this project will help us to continue to grow our economy, and keep the Saskatchewan Advantage.”
With the ground-breaking ceremony, K+S is taking a further important step in the project of developing the new potash site in Canada. The preparatory works for establishing the infrastructure and the first stage in extraction operations, which have already been underway since 2011, are almost completed.
Note to editors
Current press photos of the ground-breaking event and relating to the Legacy Project can be found at www.k-plus-s.com/en/legacy-project/.
About the Legacy Project
Legacy is a greenfield project for the setting up of a potash production on the basis of solution mining in the south of the Canadian province of Saskatchewan. In the first two expansion phases of the new potash site, K+S will invest a total of 3.25 billion Canadian dollars. The first volumes should be available at the end of 2015 and the two-million-tonne mark be achieved in 2017. This will be followed by the gradual expansion of production capacity to 2.86 million tonnes a year in 2023. In a third expansion phase, a total output of a maximum 4 million tonnes of potassium chloride a year would then be possible about ten years later. More information about the Legacy Project at www.ks-potashcanada.com
K+S 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 provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 14,000 people. The K+S share – the commodities stock on the German DAX index – is listed on all German stock exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S can be found at www.k-plus-s.com.