Friday, July 20, 2007

UPDATE 2-Potash Corp. to spend $1.6 on new mine, expansion

(Reuters) - OTTAWA, July 20 - Potash Corp. of Saskatchewan
said on Friday it will spend $1.6 billion to build a
new potash mine and expand milling operations in Eastern
Canada.




The new mine will produce 2 million tonnes of potash a year
from the company's Picadilly deposit and, once fully developed,
will replace the existing underground operation, said Potash,
the world's biggest fertilizer producer by capacity.


Read more at Reuters.com Bonds News

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