The Canadian Press - ONLINE EDITION

Atlantic Potash Corp. given right to explore potash deposit in New Brunswick

  • Print

SUSSEX, N.B. - Atlantic Potash Corp. has been granted the right to explore and develop a potash deposit near Sussex.

The Saint John, N.B., company is committing $4.5 million to explore the Millstream deposit over the next two years, according to the deal signed Monday with the provincial government.

"It will provide an opportunity, if they're able to determine that it can be done in a viable way, to have good-paying jobs, highly-skilled jobs, allowing New Brunswickers to work at home," Premier David Alward said in an interview.

Ken Attoe, co-CEO of Atlantic Potash, said the province could benefit significantly if the Millstream deposit reveals commercially viable quantities of potash, particularly as global demand grows.

Attoe said the Sussex area has a lot of experience in potash development and agriculture.

"These are strong resources to build on and we look forward to working with the community, provincial agencies, regulatory bodies and officials as we continue to investigate New Brunswick's potash opportunity," Attoe said in a statement.

The Millstream deposit — about 10 kilometres west of Sussex — was discovered more than 25 years ago.

There are 330 people working at the Potash Corp. of Saskatchewan (TSX:POT) mine at Penobsquis, near Sussex, and another 140 jobs expected when their new $1.6-billion mine opens nearby next year.

Natural Resources Minister Bruce Northrup said the province earned more than $15 million in royalties from potash production last year and he expects that to rise to $18 million this year.

Atlantic Potash was one of two companies to respond to the government's request for proposals issued in April.

Millstream is one of four known potash deposits in New Brunswick.

Potash is used primarily as a component in agricultural fertilizer. It is mined in 13 countries and used in more than 150.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Shots ring out as police say armed threat "resolved"

View more like this

Photo Store Gallery

  • Two Canada geese fly Wednesday afternoon at Oak Hammock Marsh- Front bird is banded for identification- Goose Challenge Day 3- - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • June 24, 2012 - 120624  -  Amusement riders on the last day of The Ex Sunday June 24, 2012.    John Woods / Winnipeg Free Press

View More Gallery Photos

Poll

Should confessions extracted through Mr. Big police stings be admissible in court?

View Results

View Related Story

Ads by Google