Mining Supply Chain Tradeshow in Moose Jaw

Tue Nov 29 10:00:00 CET 2011

K+S Potash Canada Announces Capital Expenditure Approval

Mike Ferguson, Senior Vice President and Project Manager, presents an overview of the Legacy Project

On November 29, 2011, K+S Potash Canada and South Central Enterprise Region (SCER) hosted a luncheon and mining supply chain tradeshow at the Heritage Inn in Moose Jaw, Saskatchewan. In attendance were approximately 200 people, including Moose Jaw Mayor Glenn Hagel.

Mike Ferguson and Glenn Hagel, Mayor of Moose Jaw, discuss the announcement

Many attended in anticipation of a much-awaited announcement by K+S Potash Canada regarding the capital expenditure approval for a new mine by the K+S Aktiengesellschaft supervisory board. All those in attendance were not disappointed.

Mike Ferguson, Senior Vice President and Project Manager for K+S Potash Canada, took the podium and announced what everyone had been waiting for. “K+S Group confirmed this morning that it has given the Legacy Project the green light,” he said, “by approving total capital expenditures of 3-and-a-quarter billion dollars Canadian.” The major benefits to the province were listed, including a significant number of employment opportunities in the surrounding communities, new revenues for all levels of government, business for Saskatchewan utilities, and a significant effort to employ First Nations and Metis people and contractors.

Erika Ritchie, Vice President Sustainable Development, and Craig Gates, MNP, discuss the Legacy Project with Moose Jaw residents and business owners

The small business owners, as well as those interested in employment, who were present had a chance to speak to various senior leaders with K+S Potash Canada after the presentation. Many were interested in the opportunities that would be available to them in coming years. Most were very pleased with the announcement, and the feedback from the community was very positive.

Mike Ferguson announces the capital expenditure approval of the Legacy Project