K+S opes new potash mine in Canada

K+S opes new potash mine in Canada

KASSEL, 04-May-2017 — /EuropaWire/ — Today (2 May 2017), K+S celebrates the opening of the new potash mine in Canada with about 700 guests, among are the Honourable Brad Wall, Premier of Saskatchewan, and numerous local government dignitaries, representatives from suppliers and employees. During the ceremony, the mine will be handed over to the operations team. The five-year construction phase has been successfully completed and the first tonne of marketable potash is expected to be produced in June as planned.

“We’re delighted to welcome a very good corporate citizen, K+S, back to Saskatchewan as it begins operations at a mine that will create more than 400 permanent jobs and generate taxes and royalties for years to come,” Premier Brad Wall said. “The Legacy project strengthens Saskatchewan’s position as the world’s leading potash producer and is another indicator the province’s diversified and resilient economy is weathering economic uncertainty. We’re thankful for an investment that creates jobs and opportunity in Saskatchewan.”

The new potash mine, which ran under the project name Legacy, today also receives its new name “Bethune”. K+S proudly upheld the Saskatchewan potash mining tradition of naming its facility after the closest neighbouring town.

“With our new location, we are making a huge step forward in the internationalization of our potash business,” says Norbert Steiner, Chairman of the Board of Management of K+S Aktiengesellschaft. “Bethune enables us to participate in future market growth, reduce our average production costs and strengthen our international competitiveness, which will benefit the entire K+S Group.”

K+S projects the mine will produce its first marketable tonne of potash at the end of June as planned. In the course of the year, the first potash transport by freight train will take place from the site in southern Saskatchewan to the new K+S port facility in Vancouver, from where the potash will be shipped to customers mainly in South America and Asia. K+S also expects to achieve the desired production capacity of two million tonnes by the end of 2017.

“Bethune is the most modern potash facility in the world and will sustainably strengthen the raw material and production base of the K+S Group, thereby opening up a long-term perspective over the time span of our German potash deposits,” says Dr. Ralf Bethke, Chairman of the Supervisory Board of K+S Aktiengesellschaft.

Since breaking ground in 2012, the project has provided job opportunities to  Saskatchewan workers, new business opportunities for Saskatchewan companies supplying goods and services, and contributed to the province’s growth.

On the occasion of the ceremony, Dr. Ulrich Lamp, President and Chief Executive Officer of K+S Potash Canada (KSPC) recalls the friendly welcome from the beginning: “We were welcomed to Saskatchewan with open arms, and we are proud to be here. The change from “Legacy” to “Bethune” honours a community that has shown our company outstanding support over the last years. I would like to thank everyone who contributed to this great project.”

With an investment volume of around 3.1 billion €, the Bethune mine is the largest single project in the company history of K+S and creates more than 400 permanent jobs in Canada.

Note for editorial staff

Press photos as well as further information on the new potash mine in Canada are available on the website. Current photos of the opening ceremony will also be available at 9:00 am on Wednesday, May 3.

About K+S
K+S is an international resources company. We have been mining and processing mineral raw materials for more than 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 2016 of about € 3.5 billion and an EBIT of € 229 million. Learn more about K+S at www.k-plus-s.com.

SOURCE: K+S AKTIENGESELLSCHAFT

Your contact persons:

Press:
K+S AG
Michael Wudonig
Phone: +49 561 9301-1262
michael.wudonig@k-plus-s.com

K+S Potash Canada GP
Maeghan Dubois
Phone: + 1 306 371-0122
maeghan.dubois@ks-potashcanada.com

Investor Relations:
K+S AG
Thorsten Boeckers
Phone: +49 561 9301-1460
thorsten.boeckers@k-plus-s.com

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