Money: 3 Saskatchewan potash mines face short fall shutdown, workers laid off: Nutrien - PressFrom - Canada
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Money3 Saskatchewan potash mines face short fall shutdown, workers laid off: Nutrien

12:55  12 september  2019
12:55  12 september  2019 Source:   msn.com

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+ Nutrien is temporarily laying off workers at three of its potash mines in Saskatchewan . The production downtime is in response to a short -term slowdown in global potash markets, according to a 5, 2019): Hundreds of Mosaic potash mine workers prepare for layoffs . Nutrien said if all three

The 34 maintenance workers trapped in Nutrien ’s Cory potash mine , southwest of Saskatoon, were brought above ground on the evening of July 3 . Nutrien said the workers are safe. Work was being done on the service and production shafts in the mine .

3 Saskatchewan potash mines face short fall shutdown, workers laid off: Nutrien© Thomson Reuters A Nutrien employee checks over an electric vehicle (EV) at the Cory potash mine near Saskatoon, Saskatchewan, Canada August 12, 2019. REUTERS/Nayan Sthankiya SASKATOON — Up to 700 workers are to be temporarily laid off this fall at three Nutrien Ltd. potash mines in Saskatchewan.

Nutrien says it expects to proactively take up to eight-week inventory shutdowns at its Allan, Lanigan and Vanscoy potash mines starting in November.

It says the production downturn is due to what it calls a short-term slowdown in global potash markets.

Nutrien says the mine shutdowns would affect between 600 and 700 workers.

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+ Nutrien says all 34 maintenance workers , who were trapped underground at its Cory potash mine southwest of Saskatoon, have been safely brought back to the surface. The Saskatoon-based company said on Wednesday its service shaft at the mine was not operating and the workers were on

A Nutrien spokesperson said the 34 maintenance workers are “safe and comfortable underground” at the Cory potash mine . Nicole Stillger reports. More Videos. Workers trapped in Saskatchewan potash mine ‘safe and comfortable underground’.

The Saskatoon-based fertilizer company says if all three facilities were to remain idle for the full eight weeks, potash production could be reduced by approximately 700,000 tonnes.

Nutrien, created by the merger of Potash Corp. and Agrium Inc., calls itself the world's largest provider of crop inputs and services, producing 27 million tonnes of potash, nitrogen and phosphate products world-wide.

In July it lowered its estimate for 2019 adjusted earnings to reflect the impact of wet weather on U.S. planting and other factors that would reduce demand for potash in North America, China and India.

Companies in this story: (TSX:NTR)

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