Plymouth, Minn.-The Mosaic Co. said Oct. 22 that the hoist at its Esterhazy, Saskatchewan, K2 potash mine has experienced a bearing failure. The company expects production at K2 to be idle while repairs, which are expected to take approximately two weeks, are completed. This temporary shutdown may result in a loss of production of approximately 100,000 mt of potash; however, over the full year the company expects to offset some of any reduced production with other facilities once the K2 hoist bearing is repaired. The company’s guidance for potash sales remains unchanged at 8.5 to 9.0 million mt for fiscal 2008.
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