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PORT MOODY, BC – Today Pacific Coast Terminals Co. Ltd. (PCT) and K+S Potash Canada (KSPC) will officially break ground and begin modifications on PCT’s existing bulk handling facility, preparing the facility for its role in KSPC’s Legacy Project.
In the spring of 2014, PCT and KSPC signed an exclusive, long-term agreement that called for the construction of a new potash handling and storage facility at PCT’s bulk handling facility located in Port Moody near Vancouver, British Columbia. Potash products arriving by rail from the Saskatchewan-based Legacy mine will be stored on-site and transported to vessels destined for K+S Group’s international clients.
This past spring, PCT received the permit from Port Metro Vancouver (PMV) for the project, which will include the construction of a railcar unloading building and potash storage warehouse and upgrades to the water treatment facilities and ship-loading equipment.
“We have a very important relationship with Pacific Coast Terminals,” said Dr. Ulrich Lamp, President and CEO of K+S Potash Canada. “We were very pleased to sign the agreement with them in 2014 and to receive the permit this past spring. This groundbreaking ceremony is not only an indication of the Legacy Project’s progress but another step forward in a longstanding partnership.”
“PCT is very pleased that the partnership with KSPC is progressing as planned,” stated Lorne Friberg, President and CEO of Pacific Coast Terminals Co. Ltd. “The expansion of our operations allows for a greater contribution to the City of Port Moody in terms of new jobs, additional municipal taxes, and increased support to local community organizations and events. The project contributes to the sustainability of PCT, and it is key to our strategic positioning.”
K+S Potash Canada and Pacific Coast Terminals are forming this longstanding partnership to ensure that the transport of the potash products is delivered to K+S Group’s international clients in a manner that is both secure and competitive. Completion of the new potash handling facility is planned for late 2016.
K+S Potash Canada GP is part of the K+S Group, an international resources company. We have been mining and processing mineral raw materials for 125 years. The products we produce from them are used worldwide in agriculture, food and road safety and are important elements in numerous industrial processes. Potash and salt are integral nutrients for the megatrend of a constantly growing and increasingly prosperous global population striving for a higher standard of living. This will result in increasing consumption of mineral resources. We serve the resulting growth in demand from production sites in Europe, North America and South America as well as through a global distribution network. K+S is the world’s largest salt producer and one of the top potash providers worldwide. With more than 14,000 employees, K+S achieved revenues in financial year 2014 of about € 3.8 billion and an EBIT of € 641 million. K+S is the commodities stock on the German DAX index. Learn more about K+S at www.k-plus-s.com.
K+S is putting its more than one hundred years of mining experience and world-class expertise to work on the Legacy Project, a potash solution mine and production facility being built near Moose Jaw. It will be the first new greenfield potash mine built in Saskatchewan in nearly forty years. Commissioning is targeted for the summer of 2016. K+S projects it will reach two-million-tonnes of production capacity by the end of 2017. The Legacy Project will mean new job opportunities for Saskatchewan workers, and new business opportunities for Saskatchewan companies supplying goods and services to this major economic development. K+S is growing Saskatchewan, while providing the potash that is needed to help feed a growing world population. More information at www.ks-potashcanada.com.
Maeghan Dubois
Senior Communications Specialist
K+S Potash Canada
Phone: (306) 371-0122
Email: maeghan.dubois@ks-potashcanada.com