K+S and Canadian Pacific sign deal to transport Saskatchewan potash
SASKATOON – K+S Potash Canada has signed a deal with Canadian Pacific Railway Ltd. (TSX:CP) to ship potash from its Legacy mine in Saskatchewan.
Financial terms of the exclusive long-term, volume-based contract were not disclosed.
The shipments along Canadian Pacific’s network will head to the West Coast for export, as well as to Canadian and U.S. markets.
The Legacy mine, currently under construction, is expected to start up in 2016, ramping up to full capacity of 2.86 million tonnes per year by 2023.
K+S Potash Canada is a unit of the German fertilizer giant K+S Group.
Canadian Pacific also has an agreement with Canpotex — an agency that markets the crop nutrient on behalf of Agrium (TSX:AGU), Potash Corp. of Saskatchewan (TSX:POT) and Mosaic Co. (NYSE:MOS) — to ship potash to the Port of Vancouver.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Related Articles
Leave a Reply
You must be logged in to post a comment.