China and India have high-priority national mandates to get a piece of the potash action in what is now being dubbed as Saskatchewan’s Pink Gold Rush. Both emerging superpowers are anxious to lock-in long-term supplies by partnering-up with smaller players.
Western Potash Corp.has received an independent positive prefeasibility study from AMEC Americas Ltd. on its 100%-owned Milestone property in Southern Saskatchewan for possibly more than 40 years at a production rate of 2.8Mt/yr.
A rebounding fertilizer industry and an eye-popping $39 billion bid for Potash Corp. by the world's largest mining company, BHP Billiton, suggest that Canada's tiny handful of potash producers and aspiring miners are ripe plums for the picking.
Global fertilizer use must be ramped-up to avert a permanent food crisis and world instability. This is the stark message that was delivered at the BMO Capital Markets 2009 Agriculture, Protein and Fertilizer Conference in New York last week.