Monday’s
provincial election in Saskatchewan saw the Saskatchewan Party sweep back to
power with ease. Analysts suggest that party leader Brad Wall’s election
campaign was executed to perfection,
especially with regard to the province’s mining interests. Canada is home to
around 50% of the world’s potash reserves, and a giant chunk of that resides in
Saskatchewan, where Brad Wall has vowed to leave potash royalties as they are
for the next four years. This is, of course, great news for Saskatchewan based
Potash Corp. of Saskatchewan, and all the associated companies that benefit
from potash mining in the province.
Saskatchewan
currently boasts the lowest unemployment rate among Canada’s provinces, and
with the province currently recording surplus after surplus, the potash royalty
price isn’t likely to cause much of a stir as long as the economy remains
strong.
Although potash
prices dipped during the Great Recession and continue to remain depressed (less
than $500 per metric tonne), analysts expect prices to soar to upwards of
$1,500 per metric tonne by 2020—with continuing growth in fertilizer to feed
the planet’s growing population a major factor.
Monmet is a dynamic consulting and engineering company. Working with a
global network of partners, Monmet can call on almost 200 years of experience
in machining for the mining,
cement and power-generation industries, utilizing the capacity and accuracy of
over 130 machine tools. Every piece is available rough or finish-machined to
our customers’ most exacting specifications, using the latest in machining
equipment technology.
For further
information or to discuss your project requirements with an expert consultant, contact Monmet today.
