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Saturday, September 21, 2013

Importing Gas Would Increase PotashCorp's Costs

If PotashCorp can't secure a local supply of natural gas in the province, they'll have to look for an outside source, and that means higher energy costs. 

That's according to General Manager of the New Brunswick division, Stewart Brown, who says they need that local source of natural gas for their growing operation. Brown says if there were no natural gas sources available in the Sussex area, he doesn't believe the Piccadilly mine development would have gone ahead.

He says we have a natural resource available here in the province and need to have clear and transparent regulations so companies that can extract it are able to move forward and we don't have that yet.

95% of the potash production from Sussex is shipped out of the Port City, which is about a million tonnes every year.