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Costs, soft market cited for K delay

May 15, 2013Breaking Industry Newswebster@kennedyinfo.com

The Mosaic Co. President and CEO James Prokopanko today citing “red hot” capital expenditure costs in Western Canada and a “soft potash market” explained the company’s decision to delay a 2 million mt/y potash brownfield project by 12-36 months.

In the meantime, a current project to bring on 3 million mt/y of capacity in Saskatchewan is almost finished.

Prokopanko was speaking before the BMO 2013 Farm to Market Conference in New York City.

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