Potash and phosphates major Nutrien has announced an up to eight-week shutdown at its Allan, Lanigan and Vanscoy potash mines, in Saskatchewan, in response to a slowdown in global potash markets.
The company said this week that if all three potash facilities were to be idled for the full eight weeks, production could be reduced by about 700 000 t and yearly earnings before interest, tax, depreciation and amortisation from its potash operations would reduce by between $100-million and $150-million.