Earlier this month, K+S Potash Canada opened its Saskatchewan-based "Legacy project" - a new mine it has now renamed Bethune, MINING.com reported. The design and construction of the mine's infrastructure was the biggest engineering project the company has handled in over 40 years.
According to MINING.com, the Bethune mine is worth nearly $3.5 billion and, once up and running at full capacity, is expected to generate 2 million tonnes of potash annually. It will also bring at least 400 permanent jobs to Canada.
In its press release, K+S said that the construction of the mine took five years and that the first tonne of marketable potash is slated for production next month. The announcement went on to say that since its start, the project has provided employment and business opportunities to workers and companies in the Saskatchewan area.
"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."