Wednesday, November 27, 2019

Nutrien shutters biggest potash mine

Nutrien is blaming the CN railway worker strike for its decision to shut down its potash mine at Rocanville, Sask.

However, earlier this fall Nutrien shut down mines to reduce production in an effort to increase potash prices.

The company, formerly Potash Corp. of Saskatchewan until it bought Agrium, the world’s largest fertilizer retailer and changed its name to Nutrien, said about 500 employees will be laid off for two weeks.

Jeff Holzman, Nutrien’s senior director for investor and corporate relations, called the temporary mine closure “unfortunate.”