SASKATOON, Aug. 27 /CNW/ - Potash Corporation of Saskatchewan
(PotashCorp) has secured AMEC, the international project management and
services company, to create a new mine and expand existing operations in New
AMEC will provide engineering, procurement and construction management
services for the estimated CDN $1.7 billion (USD $1.6 billion) project. The
project, which is awaiting regulatory approval, will take four years to
"We will manage the expansion and development of the new mine while
allowing the existing facilities to continue producing 750,000 tonnes per
year," states AMEC's Will Brandsema, Vice President and Manager of the
Picadilly project. "While this makes the project more challenging, we will
leverage the company's existing assets and reduce the capital cost by up to
one-third of a new potash operation."
Potash is an essential mineral fertilizer for a number of crops,
including biofuels, and PotashCorp is the world's largest fertilizer company.
When completed, the new mine is expected to produce 2 million tonnes of potash
a year from the Picadilly deposit in New Brunswick.
AMEC is currently expanding PotashCorp's Lanigan and Cory operations.
These projects, combined with the Picadilly project, will boost production by
39 per cent to 14.9 million tonnes per year by 2011.
Photo available upon request
Notes to editors
AMEC is an international project management and services company that
designs, delivers and supports client assets for customers across the public
and private sectors. In its core businesses, AMEC employs around 18,000 people
working from a network of offices throughout the U.K., U.S. and Canada, as
well as regional offices and projects worldwide. AMEC shares are traded on the
London Stock Exchange where the company is listed in the Support Services
Sector (LSE: AMEC:L).
2007 marks AMEC's 100 year anniversary in Canada, where the company has
approximately 5,000 employees operating from 74 offices. Engineering News
Record Magazine has ranked AMEC as the No. 1 International Design Firm in
Potash Corporation of Saskatchewan is the world's largest fertilizer
enterprise producing the three primary plant nutrients and a leading supplier
to three distinct market categories: agriculture, animal nutrition, and
industrial chemicals. www.potashcorp.com
For further information:
For further information: John Kageorge, (604) 617-4745,