Mosaic Celebrates 50 years of Potash at Esterhazy with the Grand Opening of Stage 1 Expansion Project
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Mosaic Celebrates 50 years of Potash at Esterhazy with the Grand Opening of Stage 1 Expansion Project

 
September 28, 2012   |   ShareThis

The Mosaic Company celebrates 50 years of potash production and the birth of the Saskatchewan potash industry at its Esterhazy operations today. The company commemorated this historical milestone with a grand opening ceremony of the Esterhazy Stage 1 expansion, launching the first phase of its $6 billion potash expansion program.

“As our Esterhazy operations celebrates its 50th anniversary, we are extremely proud of where we have come from and even more excited about where we are going,” said Jim Prokopanko, President and CEO of The Mosaic Company. “We feel privileged to be a part of the provincial landscape, and we are fully committed to continuing to grow our business here.”

Mosaic Esterhazy is Saskatchewan’s first potash producing mine. Miners broke into potash on June 8, 1962, followed by the official opening of operations on September 20. The site has since become the world’s largest potash mine with the K1 and K2 mineshafts.

Stage 1 of the Esterhazy expansion plan adds 800,000 tonnes of annual operating capacity to the operations of the site at an approximate investment of $600 million. Stage 2 expansion includes development of the K3 mineshaft, which will operate as a satellite mine for the upgraded K2 mill.

“The expansion is a promise to our employees and to the province, by ensuring our operations are ready for the future,” added Prokopanko. “Working together, we will continue to deliver on our mission of helping the world grow the food it needs.”

Mosaic plans to invest a total of almost $6 billion into growing its Saskatchewan operations. Expansion projects are currently in progress at the company’s three potash mines in the province, located at Belle Plaine, Colonsay and Esterhazy. Mosaic expects that when completed in 2021, the potash expansion program will have increased their annual operating capacity by 50 percent and create 500 permanent, full-time positions.