By Chris Carr

Ground breaks on first new potash mine in Saskatchewan in 40 years

Jun 20, 2012 | 7:49 AM

A new potash mine in Saskatchewan is breaking ground as the first new mine in almost 40 years.

The K + S group, a German fertilizer company held a groundbreaking ceremony on Tuesday at their Legacy mine project near Bethune.

“We believe that the Legacy project is an investment in the future of our company, an investment in the people of Saskatchewan, and an investment in a sustainable future,” said Chairman Norbert Steiner.

The $3.25 billion project is expected to create more than 1,000 jobs during peak construction and employ 300 when it hits full production.

“Our time frame is very tight. We want to have the first production available in the year 2015,” Steiner said.

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He said by 2017 he hopes to be producing two million tons of Potash.

The provincial government sees this as a stepping stone for more mines said energy and resources Minister Tim McMillan.

“I would think it is very likely that this isn't the only (one), that there will be several more. We think that we have a great resource and a great business environment. There is a lot of optimism in this industry,” McMillan said.

The Legacy mine is located about 60 kilometres northwest of Regina.

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