Saskatoon — Potash Corp. of Saskatchewan Inc. CFO Wayne Brownlee, speaking at the Credit Suisse Basic Materials Conference Sept. 17, said the company is looking at producing 10.5-11 million mt of potash in 2015, up from 2014’s operational capability of 9.2 million mt. Brownlee cited better-than-expected demand and supply constraints at competitors. As previously reported, he noted that PotashCorp is in the process of recalling workers. “It doesn’t cost a lot to do it, but the cost of losing 500,000 mt of sales is substantial, relative to the cost possibility.” Brownlee said the Rocanville mine expansion is expected to come up in 2015, and the company expects to run that mine full-out as it will have the lowest cost in the PotashCorp profile, close to $70/mt. Globally, PotashCorp projects potash shipments at 58-59 million in 2014, which it thinks is also likely again in 2015. It expects offshore shipments to be up, but that U.S. market might be off slightly, in sympathy with crop prices.
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