Western Resources have approved a three-phase development plan for the 2.8 million tonnes per annum capacity Milestone Potash Project in Saskatchewan, Canada, along with the Phase I early works. Phase I has an annual capacity of 146,000 tonnes of granular potash and is financed through a $60m credit facility with a Chinese bank, while a non-binding memorandum of understanding with a North American agricultural company will transport the Phase I potash production to the North American market. The project was announced by Premier Brad Wall on March 31, 2017, as part of his government’s efforts to diversify Saskatchewan’s economy.
Western Resources have approved a three-phase development plan for the 2.8 million tonnes per annum capacity Milestone Potash Project in Saskatchewan, Canada, along with the Phase I early works. Phase I has an annual capacity of 146,000 tonnes of granular potash and is financed through a $60m credit facility with a Chinese bank, while a non-binding memorandum of understanding with a North American agricultural company will transport the Phase I potash production to the North American market. The first stage of Phase I will be completed this year and a $13.6m budget has been approved for the early works.