Canadian Pacific (CP) has signed a deal with a mineral mining company to transport potash out of a new site in western Canada to the coast.
More than $4 billion is being invested in the initial phases of K+S Potash Canada’s Legacy Site near Moose Jaw in Saskatchewan.
Production of potash – a mineral commonly found in plant fertiliser products – is set to begin in 2016.
The partnership will require, CP to build a dedicated link from the current rail network to the Legacy Site.
CP president and chief operating officer Keith Creel said: “Canadian Pacific is extremely pleased to be a partner with K+S Potash Canada in providing the capability to move potash to market via our rail-direct network.
“The capacity, flexibility and market access of CP’s network on our Western corridor, as well as efficient route options into the United States, ensures a growth opportunity for both companies.”
