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Canpotex shelves plans for British Columbia shipping terminal

Published 2016-06-17, 01:16 p/m
© Reuters.  Canpotex shelves plans for British Columbia shipping terminal
AGU
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POT
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June 17 (Reuters) - Canpotex Ltd, the potash export sales
arm for Potash Corp of Saskatchewan POT.TO , Mosaic Co MOS.N
and Agrium Inc AGU.TO , said on Friday it would not build a
planned shipping terminal at Prince Rupert in British Columbia.
Canpotex said the decision was based on economic and
commercial considerations and that its export capacity in
Vancouver, Saint John and Portland were sufficient.
Potash Corp Chief Executive Jochen Tilk had said in January
that the suspension of production at an eastern Canadian mine
could lead Canpotex to shelve plans to build the terminal.

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